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Released: January 08, 2013
How foreclosure settlement affects borrowers
Source: Julie Schmidt, USA Today
Q: Who's eligible for compensation?
A: That hasn't changed. You're eligible if your primary home was in some stage of foreclosure in 2009 or 2010 and your loan was handled by one of the participating servicers.
Q: If I think I'm eligible, what should I do now?
A: Nothing. If you're eligible, regulators say you'll be contacted by the end of March by a company that will function like a claims administrator.
Read Full Article: How foreclosure settlement affects borrowers
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