Settlement & Cash from Everbank

If you're mortgage is/was with Everbank, and you were in some stage of the foreclosure process in 2009 or 2010 (and there are approximately 32,000 of you), there may be some cash coming your way. As part of a settlement with the Office of the Controller of the Currency (OCC), similar to those reached with many of the nation's largest lenders, checks will be mailed to borrowers who had mortgages with Everbank and were in difficulty in the aforementioned years. Checks will range from a low of about $1050 to a high of $125,000, and will be mailed out "in the near future". No specific date was cited. Those eligible will be contacted directly. In addition to these payments, Everbank must evaluate borrowers in the foreclosure process for the possibility of doing loan modifications for them. As part of the program, the bank must also establish a complaint process to receive and resolve complaints from borrowers who feel wronged as part of their situation. If you have any questions, you can contact Everbank directly or the Office of the Controller: www.occ.treas.gov or by phone: (800) 613-6743. As always, Good Luck.