The first wave of moolah is being sent out today, April 12, 2013!
Banks involved:
Aurora, Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanly, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo.
Borrowers who were in any stage of foreclosure process between 2009 and 2010 and had a mortgage serviced by one of he companies are eligible for payment relief.
About 4.2 million borrowers should expect to receive checks ranging form $300 to $125,000!
With the exception of Goldman Sachs and Morgan Stanley, 90 % of total payments from servicers should be sent by the end of April.
RUST CONSULTING, INC. is the paying agent. Don't ignore a letter from them!
They may send a letter for additional information or just a lovely check. If you have questions, wondering if you are one of the eligible borrowers, you can call Rust @ 1-888-952-9105.
Be warned if you are asked to call a different number or pay a fee to get your settlement.
There will be, of course, scammers out there!
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