Florida residents who lost homes to receive checks - WJBF-TV ABC 6 Augusta-Aiken

Florida residents who lost homes to receive checks

Posted: Updated:
The state's Attorney General Pam Bondi announced the settlement on Friday. The state's Attorney General Pam Bondi announced the settlement on Friday.
TALLAHASSEE, FL (WFLA) - More than 1,700 Floridians who lost their homes to foreclosure will receive small payments as part of a national settlement with five major banks.

Florida Attorney General Pam Bondi announced Friday that payments of $1,480 would be paid next week. A total of $2.5 million will be distributed.

Do you tweet? We do! Join us on http://8.wfla.com/1dsYrjS

The state had previously announced that payments of $1,480 were paid to approximately 73,000 former homeowners who qualified for assistance under the settlement.

Five lenders negotiated a $25 billion settlement in 2012 to end an investigation into foreclosure abuses.

Florida - which has been hit hard by the foreclosure crisis and the collapse of the housing market - negotiated one of the largest shares in the settlement agreement with Ally Financial, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.

  • 8 On Your SideMore>>

  • Abercrombie dropping logo to boost brand

    Abercrombie dropping logo to boost brand

    Friday, August 29 2014 7:15 AM EDT2014-08-29 11:15:46 GMT
    The Abercrombie & Fitch logo has lost the power it once wielded, so the struggling teen retailer plans to strip off the once-prized logo from its clothing. Shares tumbled Thursday after it reported weak sales as more teens shop elsewhere. 
    The Abercrombie & Fitch logo has lost the power it once wielded, so the struggling teen retailer plans to strip off the once-prized logo from its clothing. Shares tumbled Thursday after it reported weak sales as more teens shop elsewhere. 
  • FBI investigating reports of attacks on US banks

    FBI investigating reports of attacks on US banks

    Thursday, August 28 2014 5:14 AM EDT2014-08-28 09:14:01 GMT
    The FBI said Wednesday it's working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.
    The FBI said Wednesday it's working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.
  • Reports: FBI probes JPMorgan hack

    Reports: FBI probes JPMorgan hack

    Wednesday, August 27 2014 9:19 PM EDT2014-08-28 01:19:51 GMT
    Reports: FBI probes JPMorgan hackReports: FBI probes JPMorgan hack
    The FBI is investigating a hacking attack on JPMorgan Chase and at least one other bank, according to reports citing unnamed sources familiar with the matter.
    The FBI is investigating a hacking attack on JPMorgan Chase and at least one other bank, according to reports citing unnamed sources familiar with the matter.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

1336 Augusta West Parkway
Augusta, GA 30909

Telephone: 706.722.6664
Email: talkback6@wjbf.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.