Checks issued as part of a nationwide settlement are going out in early 2013.
The checks are in the mail. Well, not quite yet, but 167,398 Floridians who lost their homes to foreclosure will be paid as part of the nation's largest consumer financial protection settlement.
They will each get about $2,000 and those checks will be sent out early next year.
According to the Sun Sentinel, more than a third of the $334 million allotted to Florida, out of a nationwide $1.5 billion settlement will go to people who lost homes in Palm Beach, Broward and Miami-Dade counties.
This covers borrowers who lost their homes to foreclosure between 2008 and 2011, and who used Ally/GMAC, Bank of America, Citi, JP Morgan Chase or Wells Fargo as their lender.
The former homeowners will need to send in forms by January 18 in order to receive their money.
If you haven't received a Claim Form, you can call 866-430-8358.
