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Independent Foreclosure Review Checks Cashed Or Deposited Successfully Total 2.3 Billion
Date:5/26/2013

ttlement. Please know that this settlement is not related to the National Mortgage Settlement, and if you are eligible for a payment under the National Mortgage Settlement, you will receive another check from Rust Consulting. We understand that Rust Consulting will not be sending out checks in the National Mortgage Settlement until June 2013 at the earliest," explains the Minnesota Office Of Attorney General.

Rust Consulting acknowledged a "clerical error" caused some checks to bounce in a May 8th press release titled "Rust Provides Update on Independent Foreclosure Review Settlement Payments". Rust receives no benefit from uncashed checks or remaining funds in the IFR fund and has handled over 100,000 calls already in an attempt to answer questions and soften concerns.

Questions pertaining to receiving a check should be addressed directly to Rust Consulting. Rust Consulting is designated by the Federal Reserve and the OCC to be the one to respond to correspondence needed about Foreclosure Review Checks being cashed or deposited, or any other related questions. Inquiries can be made by calling 1-888-952-9105, Monday through Friday, 8 a.m. - 10 p.m. or Saturday, 8 a.m. - 5 p.m.

Questions to help stop foreclosure, or if tips to avoid foreclosure or how to navigate in the Minnesota foreclosure timeline, call Home Destination at 612-396-7832 to gain guidance. Jenna Thuening helps both buyers and sellers make Twin Cities real estate decisions and is dedicated to help families stay strong together and remain in their homes if facing foreclosure.

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