Mortgage Settlement Forums Offered across Mid-Missouri

6 years 3 months 3 weeks ago Monday, March 26 2012 Mar 26, 2012 Monday, March 26, 2012 3:09:00 PM CDT March 26, 2012 in News
By: Courtney Tezeno

MOBERLY - A representative from the Missouri Attorney's General's office held a presentation at Randolph County Courthouse Monday explaining how to take advantage of a national mortgage settlement. The session was the first of more than 100 that will take place in every county in the state.

The robo-signing foreclosure scandal involving major banks across the nation sparked the states to pursue legal action against major lenders. Attorney General Chris Koster says that mortgage meltdown from last year affected every county in Missouri.

"It's going to bring about $200 million to help people who have been suffering through this mortgage crisis for the last several years. We're about helping by giving presentations now in 114 different counties this week trying to alert people as to what they need to do to participate," Attorney General Chris Koster said.

The five major banks targeted agreed to a settlement, including Bank of America, Citigroup, JP Morgan Chase, Wells Fargo and Ally Financial (GMAC).

The attorney general's office is holding the forums to provide information to Missourians about the national mortgage settlement. Representatives will determine who qualifies for the settlement and sign those homeowners up to be part of the settlement. 

Those who are eligible fall in three areas:

  • Those foreclosed upon by one of the five major banks listed above between January 1, 2008 and December 31, 2011. They are eligible to receive a payment up to $2000.
  • Those 30 days of more behind on their mortgages, and those whose homes are worth less than what is owed and who have a mortgage with one of the 5 major banks.
  • Those whose home is worth less than what is owed, who are current on their payments, whose interest rate is higher than 5.25% and whose mortgage is owned by one of the five major banks. They may be eligible to refinance their mortgages so monthly payments are reduced by at least $100.

Moberly resident Charlene Barron faced many challenges leading up to her foreclosure. She underwent open heart surgery and was applying for disability at the time. She contacted the bank to make it aware of her condition. On the first attempt, she said it lowered her house payment by $20 which was not enough. Later, she tried to make a payment on her mortgage but received some disheartening news.

"They told me, no, we can't accept any payments. I was ready at that time to put my full house payment back in motion again and they just refused. And then the next thing I know I get another letter from the attorney's office out of St. Louis that my house is going to be foreclosed on," Barron said.

Barron said she is excited about this program and hopes no one else has to deal with what she called a living nightmare.

"I was excited if we could get some relief out of it. I even had a dream that maybe we could get back into our home but I know that's probably impossible. I'm just thankful that there's some help out there and that people are investigating this," Barron said.

For more information on the Missouri Mortgage Settlement visit this website.

To find the schedule for the rest of this week's forum go here.

More News

Grid
List
COLUMBIA - The Columbia Police Department will move into a new neighborhood over the next few weeks. In July,... More >>
49 minutes ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 6:41:00 PM CDT July 20, 2018 in News
CALLAWAY COUNTY - A Steedman man was sentenced to 12 years in prison after pleading guilty to charges of domestic... More >>
2 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 5:22:00 PM CDT July 20, 2018 in News
ST. JOSEPH (AP) — A Missouri man has pleaded guilty in the fatal beating of his 77-year-old grandmother while he... More >>
3 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 3:59:00 PM CDT July 20, 2018 in Continuous News
(CNN) -- The FBI is in possession of a recording between President Donald Trump and his former personal attorney Michael... More >>
3 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 3:38:16 PM CDT July 20, 2018 in Continuous News
JEFFERSON CITY – House Minority Leader Gail McCann Beatty will resign from the Missouri House of Representatives effective Sunday in... More >>
6 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 12:57:00 PM CDT July 20, 2018 in Top Stories
COLE COUNTY — The Cole County Sheriff’s Department responded to possible weapons violation on Thursday night. When the officers... More >>
7 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 11:47:00 AM CDT July 20, 2018 in Top Stories
(AP) - President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs and... More >>
10 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 8:52:00 AM CDT July 20, 2018 in News
BRANSON - A press conference was held Friday morning following Thursday's fatal boat capsizing at Table Rock Lake. As... More >>
12 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 7:23:00 AM CDT July 20, 2018 in News
BRANSON (AP) — The death toll of the tragic duck boat accident has totaled 17 on Friday. It was... More >>
12 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 7:16:00 AM CDT July 20, 2018 in News
BRANSON - The recent boat incident that killed 11 and injured seven in Branson isn't the first time Ride the... More >>
17 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 2:06:00 AM CDT July 20, 2018 in News
COLUMBIA - Thursday evening around 9:00 pm, two cars collided head-on at the intersection of Worley St. and W. Boulevard.... More >>
20 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 11:14:00 PM CDT July 19, 2018 in News
KANSAS CITY (AP) — A southern Missouri sheriff and a subordinate with whom he was having a romantic relationship have... More >>
20 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 10:46:00 PM CDT July 19, 2018 in News
COLUMBIA - The City of Columbia confirmed Friday the household hazardous waste collection is cancelled. The waste collection was... More >>
21 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 10:16:00 PM CDT July 19, 2018 in News
(CNN) -- More illnesses have been reported across the United States in two separate cyclospora outbreaks, federal health officials said... More >>
21 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 9:31:35 PM CDT July 19, 2018 in News
(CNN) -- Gun-rights activists have reached a settlement with the government that... More >>
22 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 8:57:04 PM CDT July 19, 2018 in News
COLUMBIA - The Loop CID met with the Planning and Zoning Committee Thursday night to discuss future plans for Business... More >>
23 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 7:46:00 PM CDT July 19, 2018 in News
DES MOINES, Iowa - Pella Regional Health Center spokeswoman Billie Rhamy confirmed Thursday evening injuries were minor and all patients... More >>
1 day ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 6:49:00 PM CDT July 19, 2018 in Continuous News
(CNN) - President Donald Trump hopes to welcome Russian President Vladimir Putin in Washington this fall, White House press secretary... More >>
1 day ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 5:09:00 PM CDT July 19, 2018 in News
Columbia, MO
Broken Clouds 85°
8pm 86°
9pm 82°
10pm 79°
11pm 76°