Schuette Announces Michigan Residents to Receive $107.2 Million Through National Mortgage Settlement

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    By Michigan RealEstateRama -

    LANSING – June 10, 2013 – (RealEstateRama) — Michigan Attorney General Bill Schuette today announced checks will go out this week to Michigan borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement. Eligible borrowers will receive checks for approximately $1,480. Approximately 72,000 Michigan borrowers affected by the National Mortgage Settlement will receive a share of approximately $107.2 million in restitution for mortgage servicing abuses related to the national foreclosure crisis.

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