St. Louisans Encouraged To Take Advantage of Mortgage Settlement

Allison Blood, KMOX

ST. LOUIS, Mo. (KMOX) – St. Louis’s Mayor and Missouri’s Attorney General met today to explain to people how to take advantage of money from the National Mortgage Settlement.

Missourians can now being applying for money from six major banks: Bank of America, Citigroup, JP Morgan Chase, Wells Fargo, and Ally Financial. Those who qualify if  have lost their homes to foreclosure, are underwater on their mortgage, or want to refinance their mortgage at a lower rate. Attorney General Chris Koster says for those who have mortgages with a different bank, negotiations are ongoing, and there will probably be a settlement reached soon.

St. Louis Mayor Francis Slay says he hopes this will help people living in St. Louis stay in their houses. But there are also other things the city is doing to keep neighborhoods alive. He says there are grant programs for small businesses. He says big businesses like Peabody Coal are also renewing their leases and staying in St. Louis, so that helps the city too.

Slay and Koster agreed there is a huge need for this kind of assistance in the community. More than 50 people came out to the meeting at Wohl Recreation Center. Those in attendance were registered to be considered for benefits under the settlement. Payments could come as early as the beginning of next year. Those who lost their homes to foreclosure are eligible for a $2,000 payment. Others are eligible for refinancing their mortgages at lower interest rates.

For information on qualifying for benefits under the settlement click here or call (855) 870-7676.

KMOX © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • St. Louisans Encouraged To Take Advantage of Mortgage … | Krispy Hut

    […] the original post: St. Louisans Encouraged To Take Advantage of Mortgage … Tags: consumer, culture, dallas, entertainment, facebook, health, home, news, […]

  • Seilva

    I agree w/Karen exactly thats why, when kalia did her vote to insret her key she mention pjs referring to porsche for sleeping so much. P was a floater just A(who thinks he\’s a All Star, for some stRange reason, A needs to see a psych, and plz A stop with all the yelling & juMping, he appeared to have alot of eneRgy after the game, but where was that eNergy during the game he was terrible during endurance comp,simple comps etc.) for ur attention A We dnt wont to see U on any All Stars Series of BB .thank u :-)(now I\’m sayn yEll )

  • Kashif

    I could not agree with you more. I worked for Praxis, the izaagmne that released their single in 1980, and saw them perform in Chicago around that time. MINDBOGGLING. I’ve been trying to tell people about Raymilland for 30 years, with only the single as evidence. I could never understand why an album hadn’t been cobbled together by someone, somewhere, and hallelujah now BDR finally has. If this doesn’t hit the Pitchfork reviews, I’ll eat my hat.

  • Elsass

    It’s really a nice and helpful piece of info. I am satisfied that you just shared this useful info with us. Please keep us up to date like this. Thank you for sharing.

blog comments powered by Disqus
Listen Now
Thanksgiving Guide
Make Your Picks!

Listen Live