According to numerous sources, National Mortgage Settlement Checks have finally landed in the state of California. The amount of all the checks that I know of are all in the amount of $1,484.21. The address on the upper left hand corner states that it is from the California Department of Justice with a Minnesota address.
About 207,000 checks were sent out to California residents this week in part of a claim that involved wrongful foreclosures and their mortgage lenders (Bank of America, Ally Financial, Citigroup, JP Morgan Chase and Wells Fargo). The state of California took a big chunk of the $42 billion national settlement with more than $20 billion in compensation and homeowner relief.
Rust Consulting, a company in Minnesota, handled all of the mailings and have said to mail out most, if not all, of the checks going to people, who filed a claim. June 17th will be the last day of the mailings so at the latest, if all things goes well, people should get their National Mortgage Settlement checks by next week.
For more information about the settlement please visit, http://www.nationalmortgagesettlement.com/.
If you have received your National Mortgage Settlement Check, please comment below. Please state the amount and the city or state you received the check in. Thank-you.