Some 400,000 checks sent for a foreclosure settlement have gone missing after being sent to the wrong addresses, a report by the Huffington Post stated on July 24.
The Office of the Comptroller of the Currency said the 400,000 checks, a total of 10 percent that were already mailed, could not be delivered because they were sent to the wrong addresses. Office of the Comptroller spokesman Bryan Hubbard said efforts to reach the proper check recipients are ongoing.
A statement from Rust Consulting said the addresses to which the checks were wrongfully sent were either old or incomplete, and it is common for this kind of settlement.
Sadly, many people have to foreclose on their home due to mounting financial burdens. However, if you are considering this option for your home in Cedar Rapids, the legal team at Hong Law, PLC, might be able to help you defend your home from being foreclosed. Find out what your options may be by calling (319) 632-1400.
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