Petersburg Pilot -

Victims of foreclosure may be eligible for settlement payment


The Consumer Protection Unit of the Alaska Attorney General’s Office is reporting that claim forms went out this week to approximately 2,600 Alaskans who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011, and who may be eligible for payment under the national mortgage foreclosure settlement. 

This settlement, which took effect last April, involved the nation’s five largest mortgage service organizations; Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.

As part of the settlement, two million borrowers nationwide whose loans were serviced by the ban...

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