Checks in the Mail for 37,000 Foreclosed Nevadans

By: Associated Press Email
By: Associated Press Email

LAS VEGAS (AP) - Nearly 37,000 Nevadans who went through foreclosure during the recession will receive a check this month as part of a massive, national settlement.

Nevada Attorney General Catherine Cortez Masto said Tuesday that the checks - which average just under $1,500 each - won't come close to compensating people for the loss of their homes.

But she said they'll give residents some relief for any abuse they experienced at the hands of banks.

Attorneys general from 49 states worked to negotiate a $50 billion settlement with the nation's five largest mortgage servicers. About $54 million of that goes directly to people who lost their home in Nevada.

Masto says people caught up in a wrongful foreclosure can still pursue further legal action in their cases, even if they receive a check.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 210170561 -
Gray Television, Inc.