More Foreclosure Review Deal Checks to Be Mailed

The checks for Morgan Stanley or Goldman Sachs borrowers under the settlement will soon be in the mail, according to the Federal Reserve. Announcing this, the Fed said that 220,000 borrowers with a loan in any stage of foreclosure in 2009 or 2010 serviced by the following subsidiaries of these firms, Litton Loan Servicing LP or Saxon Mortgage, will have their checks mailed on May 3. In case you don't have a calendar handy, that's this Friday! Total value of these checks will be $247 Million. As in all previous settlement check mailings, any questions on a particular check should be directed to the Paying Agent, Rust Consulting, at (888) 952-9105. Also, a word to the wise. As with everything involving money, the scam artists will also be crawling out from beneath their nearest rock to try to scam you out of your check. BEWARE if anyone tells you to call a different number, or suggests they can help you with your check for a fee paid up front. There is only one number, shown above, and no fees are required to get your check if you are, in fact, entitled to one. If someone shows up telling you otherwise, tell them to take a hike. As always, Good Luck.