Mo. Looking For Foreclosure Abuse Victims

COLUMBIA, Mo. (AP) — The state of Missouri is looking for victims of foreclosure abuse eligible for some of the nearly $200 million received from a national settlement with large banks.

Attorney General Chris Koster’s office is holding a series of public sessions around Missouri to provide consumers with details on the settlement. A Columbia forum is scheduled for noon Friday at the Boone County Government Center downtown.

Borrowers who lost homes through faulty foreclosures from 2008 through 2011 are eligible for $2,000 payments. That accounts for $31 million of Missouri’s $196 million payment.

An additional $38 million will help homeowners refinance “underwater” mortgages on homes worth less than the amount they still owe. And $86.5 million will help reduce loan amounts to those struggling to make payments.

© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

One Comment

  1. WHISTLE BLOWER says:

    FORECLOSURE ABUSE PROGRAM SEEMS TO BE DISCRIMINATORY–FAULTY FORECLOSURES HAVE OCCURED TO INDIVIDUALS WHOSE “PROPERTY” HOUSE THEIR INCOME, HOMES FOR THE CLERGY ETC., I.E., OUR LIFE–OWNERS AGED 67 AND 77, YOURS TRULY–HAVE OCCUPIED SINCE 1957–FORECLOSED AND AUCTIONED UNDER THE GUISE OF A “COMMERCIAL LOAN” WHEN IN ACTUALITY IT WAS A “PREDATORY LOAN” AND MISSOURI WILL FINALLY PASS A BILL 08/28/12 – OUR TRAVISTY HAPPENED 2001 THRU 2011 AND STILL ISN’T OVER BETWEEN MSD AND SOUTHERN COMMERCIAL BANK–THEY ARE WAITING FOR US TO DIE–IT ISN’T HAPPENING YET, BUT THEY ARE HASTENING IT, REMEMBER WHO YOU ARE, WHERE YOU ARE GOING AND IN FRONT OF WHOM YOU SHALL STAND—TO ROB A MAN OF HIS LIVLIHOOD IS TANTAMOUNT TO MURDER–HAPPY EASTER

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