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Wednesday, April 17, 2019

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Louisiana gets $2.4 million from foreclosure settlement

Louisiana gets $2.4 million from foreclosure settlement

BATON ROUGE, La. (AP) — State Treasurer John Kennedy says more than 4,000 borrowers in Louisiana are owed money from a settlement with mortgage servicers stemming from the 2008 housing bubble burst.

Kennedy is urging residents to check the department's Unclaimed Property database to see if they're owed any of that cash.

Kennedy, in a news release Thursday, said the state had just deposited more than $2 million that is owed to Louisiana residents and his office wants to get that money to them.

The average borrower is owed at least $300. Kennedy says the parishes of Jefferson, East Baton Rouge, Orleans, St. Tammany and Caddo have the largest number of borrowers in line for money.

Residents can check for missing money online at or call the toll-free hotline at 1-888-925-4127 Monday through Friday.

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