Topic: NH Housing
Sink or Swim
The Telegraph examines New Hampshire's housing market.
New Hampshire’s $43.6 million foreclosure settlement
$19.4 million to help homeowners stay in their homes. To be eligible, homeowners must:
• Hold a mortgage with either Bank of America, Citigroup, GMAC, JPMorgan Chase or Wells Fargo.
• Be behind on mortgage payments, close to defaulting.
• Owe more than the value of their homes.
$9.5 million to refinance mortgages. To be eligible, homeowners must:
• Hold mortgage with one of the five banks.
• Be up to date on mortgage payment.
• Pay interest rates of 5.25 percent or higher.
$4.5 million to compensate foreclosure victims. To be eligible, victims must:
• Have held a mortgage with one of the five banks.
• Have been a victim of “robo-signing” or other form of mortgage fraud or misconduct.
Other eligibility requirements apply to each category. To determine eligibility, contact your bank:
• Bank of America: 1-877-488-7814.
• Citigroup: 1-866-272-4749.
• GMAC: 1-800-766-4622.
• Wells Fargo: 1-800-288-3212.
Also contact:
• N.H. Department of Justice’s consumer protection bureau: 1-888-468-4454.
• N.H. Banking Department: 1-800-437-5991.
For more information:
• doj.nh.gov
• www.justice.gov
• www.NationalMortgageSettlement.com
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