Over 2,000 foreclosed TN Borrowers receiving checks through Settlement
By WRCB Staff
CHATTANOOGA, TN (WRCB) -
Tennessee residents who lost their homes to foreclosure with Ocwen Loan Servicing will receive checks this month for approximately $1,100 as a part of the National Ocwen Settlement. The payments will total $2.6 million for Tennessee.
Ocwen one of the nation's largest loan servicers, settled state and national findings that Ocwen engaged in servicing abuses during the height of the housing crisis, resulting in unnecessary and illegal foreclosures.
Over 2,000 Tennesseans will receive payments through the settlement, covering those who lost their homes to foreclosure between January 1, 2009 and December 31, 2012.
The settlement also covers loan servicers Ocwen recently acquired including Litton Loan Servicing LP, and Homeward Residential Holdings LLC (previously known as American Home Mortgage Servicing Inc. or AHMSI).
Former Ocwen borrowers who have questions about their payments should contact the settlement call center at 1-866-783-5382.
For information about the Keep My Tennessee Home program or for a list of free housing counselors in your area click hereor call toll-free at 1-855-890-8073.