Help Available in Foreclosure Cases

AUGUSTA — A total of 87 Mainers who have suffered home foreclosures are eligible for payments of $3,000 or more, providing they can be located. An unknown number of additional Mainers on the brink of foreclosure may be eligible for a program that helps them keep their homes.


The mortgage payments counseling services are mandated by a 2008 agreement between the attorneys general of numerous states and Countrywide Financial Corp. Maine’s share of the out-of-court settlement, which results from widespread charges against Countrywide alleging unfair or insufficient lending and loan servicing practices, is $430,000. In all, Countrywide is paying a total of $150 million to borrowers in 40 states who experienced a foreclosure, short sale or deed-in-lieu of foreclosure.

To be eligible for a $3,000 payment, a consumer must meet the following criteria:

↑ The loan must have originated with Countrywide Financial Corp. with the first payment made between Jan. 1, 2004, and Dec. 31, 2007.

↑ The loan-holder had to live in the property at the time of the foreclosure.

↑ By accepting a $3,000 payment, consumers waive their right for any future litigation against Countrywide.

Making a claim involves filling out a one-page form and mailing it to Rust Consulting prior to Oct. 6 of this year.

Consumers who think they’re eligible for a settlement or mortgage counseling services should call Rust Consulting at (866) 411-6987 or visit the Web site


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