Major Mortgage Relief for Georgia Homeowners
Federal and state governments recently settled a major agreement with the country’s five largest mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.
Over the next three years, the settlement funds will be used for:
Over the next 30 to 60 days, settlement negotiators will be selecting an administrator to handle the logistics of the settlement and monitor compliance. Then, over the next six to nine months, homeowners eligible for relief will be identified and contacted directly.
The settlement has an informational website: http://www.nationalmortgagesettlement.com/
You may contact your bank directly if you need additional information:
Bank of America: 877-488-7814
JPMorgan Chase: 866-372-6901
Wells Fargo: 800-288-3212
Loans owned by Fannie Mae or Freddie Mac are not impacted by this settlement. You may visit the following websites to learn if your loan is owned by either Fannie Mae or Freddie Mac:
If you have additional questions, you may want to visit: http://www.nationalmortgagesettlement.com/faq