3,400 NC homeowners could benefit from settlement

Posted by David Ranii on July 1, 2014 

More than 3,400 North Carolinians whose homes were foreclosed upon are expected to start receiving claim forms in the mail this week that could lead to payments of $679 or more.

Homeowners whose mortgages were serviced by Ocwen, Litton Loan Servicing and Homeward Residential Holdings (formerly known as American Home Mortgage Servicing Inc. or AHMSI) between Jan. 1, 2009 and Dec. 31, 2012 and lost their homes to foreclosure should receive a claim form and instructions, according to the office of Attorney General Roy Cooper.

Depending on how many eligible homeowners submit claims, payment checks will range between $679 and $1,235 and are expected to be mailed out late this year or in early 2015. The deadline for submitting claims is Sept. 15.

The payments are part of a national settlement that calls for Ocwen to pay $125 million to nearly 184,000 borrowers across the country. Payments wll go to consumers who lost their homes because of alleged misconduct by Ocwen “that resulted in premature and unauthorized foreclosures, violations of homeowners’ rights and protections, and the use of false and deceptive documents and affidavits,” according to the AG’s office.

“With this settlement, people who lost heir homes to foreclosures dong wrong can get some money back,” Cooper said in a prepared statement.

Consumers who do not receive a claim form but believe they are eligible for the settlement, or who have questions about filing a claim, can contact the settlement administrator by calling 1-866-783-5382 or emailing settlementadministrator@nationalocwensettlement.com.

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