Settlement checks to be received by 15k Alabama homeowners

A total of $21.8 million will be awarded to Alabama residents as a result of a national foreclosure settlement, Attorney General Luther Strange said on June 6.

Around 15,000 eligible Alabama homeowners will receive settlement checks from the national settlement’s administrator between June 10 and June 17. Consumers receiving the settlement checks are those who had their mortgage serviced by any of the five bank servicers in the agreement, lost their homes to foreclosure between January 2008 and December 2011, and filed a valid claim.

As a result of the settlement, Strange said that six state organizations will also be awarded about $4 million total.

At Greenway Bankruptcy Law, LLC, our legal team is dedicated to helping people living in Birmingham avoid foreclosure when faced with financial tourbles. Call (205) 324-4000 to learn more about your legal options in such a situation.

Paula GreenwayPaula Greenway

Paula Greenway is a native of Birmingham and has focused her practice on consumer bankruptcy since 1996. She is licensed to practice law in all jurisdictions throughout the State of Alabama. Paula has handled over 5,000 bankruptcy cases ranging in complexity throughout her career and prides herself on being able to come up with creative solutions to her clients’ financial issues.