(Salt Lake City, UT) - Approximately 16,000 Utahns who lost their home to foreclosure from 2008 through 2011 may be receiving claim forms in the mail over the next few months. As part of the national mortgage foreclosure settlement Utah borrowers who had their mortgages services by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo may be entitled to financial compensation.

The settlement, which took effect in April, earmarked approximately $1.5 billion in payments for two million borrowers nationwide. The settlement has identified about 16,000 Utahns who qualify for a portion of that settlement. The amount of money each borrower will receive is dependent upon the number of people who participate in the settlement.

“Utah borrowers who were dealt with unjustly by these five lenders deserve compensation,” says Attorney General Mark Shurtleff. “However, participating in this settlement will not give up any legal rights to pursue more compensation.”

Forms will be mailed out to eligible borrowers in four waves starting on September 24.

Forms mailed to qualified borrowers, must be returned by January 18

The one-page forms can be submitted online at www.nationalmortgagesettlement.com or by filling our the form and mailing it back in the included envelope.

Free claim form assistance is available

Borrowers who have questions or need help filing their claim may call 1-866-430-8358,

toll-free, Monday through Friday 6 a.m. to 6 p.m. MST. They may contact the settlement administrator by email at administrator@nationalmortgagesettlement.com.

Payment won’t stop other legal claims

Eligible borrowers do not give up their rights to pursue a lawsuit against their mortgage servicer, join a class action lawsuit or to participate in the Independent Foreclosure Review Process. More info is available at www.independentforeclosurereview.com.

Eligible borrowers not notified should contact settlement administrator

Borrowers who believe they may qualify for a payment, but do not receive notice because of relocation should contact the settlement administrator directly by calling 1-866-430-8358 or by e-mailing administrator@nationalmortgagesettlement.com to verify information.

Beware of scams

Borrowers should not need to pay anyone to file their claim. Do not provide any personal information or pay money to anyone who calls or emails you claiming that they are providing settlement related assistance. If you believe someone is conducting a settlement-related scam, contact the Attorney Generals office at (801)366-0260 or email: uag@utah.gov.

Settlement Contact Information:

Phone: 1-866-430-8358 (Toll-Free) Monday-Friday 6 a.m.- 6 p.m. MST

e-mail: administrator@nationalmortgagesettlement.com

online: www.nationalmortgagesettlement.com