More Than 10,000 Massachusetts Borrowers to Receive Close to $16 Million in Relief from National Mortgage Settlement

    More Than 10,000 Massachusetts Borrowers to Receive Close to $16 Million in Relief from National Mortgage Settlement

    BOSTON – June 5, 2013 – (RealEstateRama) — More than 10,000 Massachusetts borrowers will receive checks in the mail next week totaling close to $16 million as part of the National Mortgage Settlement, Attorney General Martha Coakley announced today. The total relief exceeds original estimates by more than $1.3 million and is a result of a settlement with the five major lenders over unlawful foreclosures, including robo-signing of documents. Each homeowner approved by the settlement administrator should expect to receive a check in the mail for approximately $1,480 as early as next week.

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