Banks make big settlement in wrongful foreclosures
Posted:
Updated:
If you went through a foreclosure in 2009 or 2010, you may be eligible for some relief after the country's ten largest banks agreed to a settlement.
Belinda Brooks went through foreclosure in 2009. "I thought it was going to be a simple process and it turned into a four-year nightmare and it's still not over."
Her house in Luckey was one of many that went into foreclosure in 2009. Brooks says her lender convinced her to make a late payment so she would be eligible for a loan modification. That damaged her credit and put her house in jeopardy.
Brooks is not alone. Five thousand Lucas County homeowners are in he same boat.
If you went through foreclosure in 2009 or 2010, the country's largest lenders are offering an $8.5 billion settlement.
Senator Sherrod Brown explained that money is for those who went into foreclosure because of errors made by lenders.
"Eight billion dollars is a cause to celebrate something cause it's money. It's going to go to homeowners, most of who were wronged in this process. But it's not a cause to celebrate that much because of the pain that they inflicted."
To be eligible, your mortgage had to have been from one of these lenders: Aurora, Bank of America, Citibank, JPMorgan Chase, MetLife Bank, PNC, Sovereign, SunTrust, U.S. Bank or Wells Fargo.
You could be eligible for an average of $2,125 in payments and loan modifications.
If you're eligible, Senator Brown says you should get a call from your former lender by the end of March.
Tuesday, May 21 2013 6:32 PM EDT2013-05-21 22:32:52 GMT
We've been following their journeys since the fall: 170 contestants fighting for the title of Extreme Weight Loss Champion. Now it's time for the crowning moment! 13abc's Kelly Heidbreder introduces us
We've been following their journeys since the fall: 170 contestants fighting for the title of Extreme Weight Loss Champion. Now it's time for the crowning moment! 13abc's Kelly Heidbreder introduces us to this year's winner…Robin Chlebowski!
Tuesday, May 21 2013 6:20 PM EDT2013-05-21 22:20:37 GMT
If a tornado threatens, get into the basement. If you don't have a basement, a small, interior room in the lowest floor of your home is relatively safe. Avoid rooms with windows. Mobile homes are not safe in a tornado.
If a tornado threatens, get into the basement. If you don't have a basement, a small, interior room in the lowest floor of your home is relatively safe. Avoid rooms with windows. Mobile homes are not safe in a tornado.
Tuesday, May 21 2013 6:10 PM EDT2013-05-21 22:10:38 GMT
More jobs may be on the way at the old Jeep plant. One company has announced it will open business there and others are now interested in the site. At one time, 40,000 people worked at the site just
The 111-acre Overland Industrial park broke ground on a new road that will lead to construction of buildings to house new businesses.
Tuesday, May 21 2013 6:08 PM EDT2013-05-21 22:08:56 GMT
A Toledo family who moved to Moore less than a year ago only had minutes to take cover. "Its devastation buildings are ripped down families lost their homes houses are flattened." It's been a difficult
A local woman who moved to Moore Oklahoma almost a year ago survives a deadly tornado. 21 year old Kristina Legree says the twister touched down a mile for her home.
Tuesday, May 21 2013 6:06 PM EDT2013-05-21 22:06:15 GMT
Safety at our local elementary schools is on the minds of parents after a deadly tornado ripped through schools in Moore, Oklahoma on Monday. Many schools in our area do not have basements. We spent the
Safety at our local elementary schools is on the minds of parents after a deadly tornado ripped through schools in Moore, Oklahoma on Monday.
Tuesday, May 21 2013 6:08 PM EDT2013-05-21 22:08:56 GMT
A Toledo family who moved to Moore less than a year ago only had minutes to take cover. "Its devastation buildings are ripped down families lost their homes houses are flattened." It's been a difficult
A local woman who moved to Moore Oklahoma almost a year ago survives a deadly tornado. 21 year old Kristina Legree says the twister touched down a mile for her home.
Tuesday, May 21 2013 6:32 PM EDT2013-05-21 22:32:52 GMT
We've been following their journeys since the fall: 170 contestants fighting for the title of Extreme Weight Loss Champion. Now it's time for the crowning moment! 13abc's Kelly Heidbreder introduces us
We've been following their journeys since the fall: 170 contestants fighting for the title of Extreme Weight Loss Champion. Now it's time for the crowning moment! 13abc's Kelly Heidbreder introduces us to this year's winner…Robin Chlebowski!
Tuesday, May 21 2013 6:20 PM EDT2013-05-21 22:20:37 GMT
If a tornado threatens, get into the basement. If you don't have a basement, a small, interior room in the lowest floor of your home is relatively safe. Avoid rooms with windows. Mobile homes are not safe in a tornado.
If a tornado threatens, get into the basement. If you don't have a basement, a small, interior room in the lowest floor of your home is relatively safe. Avoid rooms with windows. Mobile homes are not safe in a tornado.
Tuesday, May 21 2013 6:10 PM EDT2013-05-21 22:10:38 GMT
More jobs may be on the way at the old Jeep plant. One company has announced it will open business there and others are now interested in the site. At one time, 40,000 people worked at the site just
The 111-acre Overland Industrial park broke ground on a new road that will lead to construction of buildings to house new businesses.
Tuesday, May 21 2013 6:06 PM EDT2013-05-21 22:06:15 GMT
Safety at our local elementary schools is on the minds of parents after a deadly tornado ripped through schools in Moore, Oklahoma on Monday. Many schools in our area do not have basements. We spent the
Safety at our local elementary schools is on the minds of parents after a deadly tornado ripped through schools in Moore, Oklahoma on Monday.
Tuesday, May 21 2013 5:33 PM EDT2013-05-21 21:33:57 GMT
The Toledo area has a long history of tornados. Here is video from nearly 50 years ago. On April 11, 1965 - Palm Sunday - a series of twisters hit Ohio, killing 18 people locally. We are now nearing
We are nearing the three year anniversary of the June tornado outbreak in Northwest Ohio and Southeast Michigan that killed seven people.
Tuesday, May 21 2013 5:18 PM EDT2013-05-21 21:18:53 GMT
A suspended TPS teacher charged with receiving, distributing and possessing child pornography has pleaded guilty to receiving child porn on his home computer. Bruce Omlor, 49, was suspended from Riverside
A suspended TPS teacher charged with receiving, distributing and possessing child pornography has pleaded guilty to receiving child porn on his home computer. Bruce Omlor, 49, was suspended from Riverside Elementary earlier this year.
Tuesday, May 21 2013 5:12 PM EDT2013-05-21 21:12:54 GMT
The Putnam County teen accused of killing two Ottawa brothers appeared in court Tuesday afternoon. Michael Fay, 17, is charged with aggravated murder. Fay was arraigned on two counts of aggravated murder
The Putnam County teen accused of killing two Ottawa brothers appeared in court Tuesday afternoon. Michael Fay, 17, is charged with aggravated murder.
Tuesday, May 21 2013 5:11 PM EDT2013-05-21 21:11:44 GMT
A Lucas County sheriff's deputy was arrested Tuesday. Deputy Paul Little was charged with filing false reports, unlawful transfer of a firearm to a convicted felon, and intimidation of a witness. Little
A Lucas County sheriff's deputy was arrested Tuesday. Deputy Paul Little was charged with filing false reports, unlawful transfer of a firearm to a convicted felon, and intimidation of a witness.
Tuesday, May 21 2013 5:10 PM EDT2013-05-21 21:10:03 GMT
The devastation in Oklahoma seems almost unimaginable. Hundreds of miles away, here in Northwest Ohio, the one question on many people's mind is: "how can we help?" Local Red Cross leaders are coordinating
Local Red Cross leaders are asking for support to help tornado victims in Oklahoma. You can make a $10 donation by texting REDCROSS, to 90999. Visit www.redcross.org to donate online or call 1-800 RED CROSS.
All content © Copyright 2000 - 2013 WorldNow and WTVG. All Rights Reserved.
