The Check's In The Mail!

I wrote here not too long ago that settlement checks from the unprecedented foreclosure settlement would be sent to a large number of borrowers who were, or may have been, wronged by their mortgage lenders. The checks, ranging from a minuscule $300 for those who were wrongly denied a loan modification, up to $125,000 for military who were wrongfully foreclosed in spite of the federal law prohibiting such action against an active duty service member, as well as a similar amount to 53 homeowners who were wrongfully foreclosed upon even though they weren't in default on their loans at all, will begin to be mailed this week, according to both the Federal Reserve and the US Comptroller of the Currency. Final checks will hit the mail in mid-July. If you have any questions about your payment eligibility or the status of your check, you can call the paying agent, Rust Consulting. Their telephone number is: (888)952-9105. As always: Good Luck.