Floridians Who Lost Homes to Receive $1,500 Checks
TALLAHASSEE, Fla. (AP) - More than 1,700 Floridians who lost their homes to foreclosure will receive small payments as part of a national settlement with five major banks.
Florida Attorney General Pam Bondi announced Friday that payments of $1,480 would be paid next week. A total of $2.5 million will be distributed.
The state had previously announced that payments of $1,480 were paid to approximately 73,000 former homeowners who qualified for assistance under the settlement.
Five lenders negotiated a $25 billion settlement in 2012 to end an investigation into foreclosure abuses.
Florida - which has been hit hard by the foreclosure crisis and the collapse of the housing market - negotiated one of the largest shares in the settlement agreement with Ally Financial, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.
- Over 1,500 Hunters Help Capture 50 Pythons in FL
- Girl Who Lost Feet In Lawnmower Gets Prosthetics
- Unemployed Floridians No Longer Receiving Unemployment Checks
- Mother Who Lost Child to Drunk Driving Speaks Out
- Floridians Receive Foreclosure Help
- Dr. James Robert Cade Receives Great Floridian Award
- Veteran Receives Mortgage Free Home
- Man Received Fake Checks in Mail
- Pirie who sacrificed his life receives award
- 500% Increase in North Central Florida Home Fires Since Last Year