FRANKFORT, Ky. (AP) - Kentucky’s Democratic Attorney General is asking people who faced foreclosures from a New Jersey-based mortgage company to sign on to a multistate settlement.
Andy Beshear was one of 49 state attorneys general who reached a $45 million settlement in 2018 with PHH Mortgage Company over allegations the company improperly serviced single-family residential mortgage loans from 2009 to 2012.
Beshear said 548 borrowers in Kentucky are eligible for payment. Three hundred of them lost their property and are eligible for a minimum payment of $840. The rest are eligible for a minimum payment of $285.
People were interested in these podcasts
The deadline to sign on to the settlement is Jan. 28. Beshear said anyone who believes they are included should contact his office at (502) 696-5300.
Please read our comment policy before commenting.