Mortgage Settlement Money Available to some Colorado Borrowers

Colorado borrowers who lost their homes to foreclosures between Jan. 2, 2008 and Dec. 31, 2011 might be eligible for payment under the $25 billion national mortgage foreclosure settlement.

Attorney General John Suthers sent a letter this week for eligible borrowers to file claims, which must be returned no later than Jan. 18.

Eligible borrowers had mortgages serviced by Ally/GMAC, Bank of America, Citibank, JPMorgan Chase and Wells Fargo, the nation’s five largest mortgage servicers that agreed to the settlement with the federal government and attorneys general for 49 states and the District of Columbia.

Read more at The Colorado Springs Business Journal