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State’s homeowners to get piece of foreclosure settlement

More than 14,000 Wisconsin residents will be receiving money from a national foreclosure settlement.

Attorney General J.B. Van Hollen announced in a news release Tuesday that more than $21.85 million will be disbursed among Wisconsin claimants. Residents will receive about $1,480 for each foreclosed home.

Two-thirds of eligible Wisconsin residents applied for settlement money, so the total allocated to Wisconsin claimants exceeded original expectations by $4.6 million.

Most checks will be mailed June 10-17. Those claimants without social security numbers will be delayed while tax issues are investigated, according to the release, and some later-submitted claims will be settled in the summer.

— Molly Willms

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