INDIANAPOLIS (AP) — Attorney General Greg Zoeller (ZEL'-uhr) says Indiana homeowners will receive about $30 million worth of loan-term modifications and other relief as part of a national settlement with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.
Zoeller says as many as 13,000 Indiana borrowers whose homes were improperly foreclosed upon from 2008 through the end of last year will receive checks of $2,000.
Indiana's $145 million share of the $25 billion settlement by five lenders with the federal government and 49 states also includes $43 million in refinanced loans to underwater borrowers and a direct payment of about $45 million to the state to help fund consumer protection, state foreclosure prevention efforts and related programs.
