Mortgage Fraud Articles

Carson City, NV - Attorney General Catherine Cortez Masto announced that more than 1,500 people will receive foreclosure relief payment checks totaling more than $ 3 million stemming from a multistate settlement reached in principle with Countrywide and previously announced by this office on October 6, 2008. All eligible Nevada consumers received claim forms and instructions in 2009.

Important information for check recipients:

- The checks must be cashed on or before May 13, 2010.

- The payment under this settlement may be taxable, and recipients should consult a tax advisor if they have any questions concerning their possible tax liabilities as a result of this payment.

"The foreclosure relief being distributed this week is one part of a multi-million dollar effort to assist Nevadans who have suffered because of Countrywide's lending practices," said Attorney General Masto.

The Countrywide settlement agreement includes various forms of assistance for other borrowers, including:

• Affordable, streamlined loan modification offers to qualified subprime mortgage borrowers in Nevada;
• Waivers of default/delinquency fees, loan modification fees and prepayment penalties under specified conditions; and
• Relocation assistance in the form of cash payments to qualified consumers to help in their transition to a new residence.

Recipients with any questions about their checks or other matters relating to the settlement should contact the settlement administrator, Rust Consulting, toll free at 1-866-411-6987, or visit http://www.countrywidesettlementinfo.com.