INDIANAPOLIS (AP) — Attorney General Greg Zoeller (ZEHL'-ur) is encouraging Indiana homeowners to see if they qualify for the National Mortgage Settlement struck last year.
Bank of America, JP Morgan Chase, Wells Fargo, Citi and ResCap Parties have paid out $174 million to roughly 4,500 borrowers in Indiana. The relief has paid for home loan modifications, short sales, mortgage refinancing and other aid.
Zoeller says about 18,000 other residents have received direct payments if they lost their home between Jan. 1, 2008, and December 31, 2011.
The attorney general hosted a meeting Friday afternoon to draw more attention to the issue.
Zoeller said last year's national settlement has helped many residents, but more work is needed. Foreclosures continue to be a problem and Indiana's loan delinquency rate is still above the national average.
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