Blountville
39° F
Overcast
Overcast
Greeneville
39° F
Overcast
Overcast
Abingdon
39° F
Overcast
Overcast
Advertisement

Tennessee homeowners receiving part of multimillion dollar settlement

Published On: Feb 22 2013 03:44:54 PM CST
Updated On: Feb 22 2013 04:51:12 PM CST

Around 4,000 Tennessee homeowners are now getting relief when it comes home foreclosure abuse.

Tennessee's Attorney General says $161 million in loan relief was part of a $25 billion multi-state settlement with five U.S. banks: Bank of America, JP Morgan Chase, Wells Fargo, Citibank and Ally Financial.

Ultimately, eligible homeowners in Tennessee could get more than $200 million in mortgage relief, with most of the money helping to avoid foreclosure.