UPDATE: Deadline extended until April 26, 2013, for more information, visit the DOJ website: English version Spanish version.
By Sean Coffey, Program Manager at Foreclosure Help
This is a reminder that homeowners who received a letter about a US Department of Justice Settlement with Countrywide Financial should send in their registration forms soon because the deadline has been extended to April 26, 2013.
A press release from the US Department of Justice explains why Countrywide settled with the Department of Justice:
The $335 million settlement fund being administered by Rust was created as part of resolving the United States’ allegations that Countrywide Financial Corporation and its subsidiaries engaged in a widespread pattern or practice of discrimination against more than 200,000 qualified Hispanic and African-American borrowers across the country who received mortgage loans from 2004 through 2008, as well as allegations of discrimination on the basis of marital status by encouraging non-applicant spouses to sign away their rights in jointly-held property when the applicant spouse took out a loan in his or her own name. Letters will go out at a later date to borrowers potentially affected by the alleged marital status discrimination.
There are 200,000 homeowners who are eligible to recover money from the settlement in this case, and the registration form deadline is February 28, 2013.
How do I know if I’m eligible?
Eligible homeowners would have received a letter from the US Department of Justice, the Settlement Administrator, or Countrywide/Bank of America. Individuals with questions about the United States v. Countrywide Financial Corporation lending discrimination settlement may contact Rust, in English or Spanish, by telephone at 1-800-843-5148 or by email at info@CWFLSettlement.com.
When will the money be sent?
According to the US Department of Justice press release: “In mid 2013, the Settlement Administrator plans to mail a letter with the exact payment amount and a release form to those who return the response form.”
How do I know this is legitimate?
Good question, there are still lots of scam artists who send official looking letters.
According to the US Department of Justice:
All mailings from Rust related to the lending discrimination settlement will have the seal of the United States Department of Justice and use the return address “Countrywide Fair Lending Settlement Administrator, c/o Rust Consulting, PO Box 8048, Faribault, MN 55021,” and will ask victims to return response forms to that address. Any potential scams related to the Countrywide lending discrimination settlement should be reported to Rust by telephone at 1-800-843-5148, or to the Department of Justice at 202-514-4713.
Where can I get more information?
Notification Begins to Borrowers Eligible for Payments from $335 Million Lending Discrimination Settlement Between the Department of Justice and Countrywide Financial Corporation (United States v. Countrywide Financial Corp., et al. (C.D. Cal., December 2011)
Comienza la notificación a prestatarios con derecho a recibir pagos del fondo de resolución de $335 millones por discrimen en la otorgación de préstamos entre el Departamento de Justicia y Countrywide Financial Corporation ((United States v. Countrywide Financial Corp., et al. (D.C. Cal., diciembre 2011))
If you are a homeowner living in San Jose or Sunnyvale and are struggling with your mortgage, please contact ForeclosureHelpSCC, a program funded by the City of San Jose and the City of Sunnyvale at (408)-293-6000 or visit our website: www.foreclosurehelpscc.org.
Our HUD-approved counselors can help you evaluate your options, learn more about federal and state programs that may help you with your mortgage issues, and will help you create a plan forward.
Please note: All content included in the ForeclosureHelpSCC blog is provided for information only and should NOT be considered legal or tax advice. If you have any questions, please feel free to contact us on our hotline: (408)-293-6000, or visit our website: www.foreclosurehelpscc.org or send us an email: firstname.lastname@example.org.
Si usted es dueño de una casa en San José o en Sunnyvale y están luchando con su hipoteca, por favor póngase en contacto con ForeclosureHelpSCC, un programa financiado por la ciudad de San José y la ciudad de Sunnyvale, al (408) -293- 6000, o visite nuestro sitio: www.foreclosurehelpscc.org.
Nuestros consejeros aprobados por HUD puede ayudarle a evaluar sus opciones, aprender más acerca de los programas federales y estatales que pueden ayudarle con sus problemas de hipoteca, y le ayudará a crear un plan para seguir.
Por favor, tenga en cuenta: Todos los contenidos incluidos en el blog ForeclosureHelpSCC se proporciona únicamente a título informativo y no debe ser considerada como consejo legal o fiscal. Si usted tiene alguna pregunta, por favor no dude en contactarnos a nuestra línea directa: (408) -293-6000, o visite nuestro sitio:www.foreclosurehelpscc.org o envíenos un correo electrónico: email@example.com.
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Nhân viên tư vấn của chúng tôi đã được HUD chấp thuận có thể giúp bạn đánh giá các lựa chọn của bạn, tìm hiểu thêm về các chương trình của liên bang và tiểu bang có thể giúp bạn với các vấn đề thế chấp của bạn, và sẽ giúp bạn tạo ra một kế hoạch phía trước.
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They sent me the form after may2013. I lost my home due to my unemployment and Countrywide refused to lower my interest rates and likewise I was told that someone from Countrywide breach my personal information to outside agents/companies. how can i obtain claims forms against CW/BOFA ?
I would like to know my status Residential mortgage #******** (redacted) 04/2007 for property location @ ********** (redacted) Los Angeles, CA 90044
Hi Glenda, the deadline was April 26, 2013. You could try following up with the DOJ, but I wouldn’t hold your breath.