Attorney General Reminds Tennessean Homeowners Mortgage Help Is Still Available

Monday, November 19, 2012

Tennessee homeowners are continuing to reap substantial benefits under the National Mortgage Settlement, according to a progress report released Monday by settlement monitor Joe Smith.

Tennessee is participating in the $25 billion National Mortgage Settlement with the nation's five largest mortgage servicers. This settlement arose from an investigation into unacceptable nationwide mortgage servicing and foreclosure practices. The servicers participating in the National Mortgage Settlement announced in February are Bank of America, J.P. Morgan Chase, Citi, GMAC/Ally Financial, and Wells Fargo. The settlement should provide an estimated $146 million in relief to Tennessee homeowners and addresses future mortgage servicing practices.

Compiling data received from all five mortgage servicers who are party to the settlement, the report shows that Tennessee homeowners have already received over $85 million in relief from March 1, 2012 through September 30, 2012. The relief comes in the form of loan modifications, refinances, and facilitated short sales.

The monitor’s report also shows that servicers were in the process of offering an additional $28 million in savings to eligible Tennessee homeowners.

“This progress report shows that these five servicers are continuing to provide assistance to Tennessee homeowners, but there is still more work to do,” said Tennessee Attorney General Bob Cooper. “My office is continuing its outreach efforts to ensure that eligible homeowners receive the benefits they are entitled to under the settlement.”

Struggling homeowners can call the state’s mortgage assistance hotline at toll-free 855 876-7283 (Monday – Friday, 8 a.m. – 5 p.m. CT) and speak to a representative who can direct homeowners to a free foreclosure prevention counselor and explain various housing assistance programs. Although the National Mortgage Settlement only covers select homeowners whose loans are serviced by the nation’s five largest servicers, the hotline is available to all struggling Tennessee homeowners, regardless of who services their loan.

In addition, homeowners who are having trouble with the five servicers covered by the settlement can report problems to the Office of Mortgage Settlement Oversight by visiting

For more information about free foreclosure prevention counselors or mortgage assistance programs in Tennessee, homeowners may visit or For more information about the settlement, please visit


Real Estate Transfers For Nov. 12-18

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Sherie Westerfield Joins Signature Brokers

Signature Brokers announced the addition of Sherie Westerfield to the Ooltewah-based firm. Ms. Westerfield joins as the latest of several new hires for the real estate company this year. A graduate in business from Western Kentucky University, she will be focusing her business to serve a variety of clients, from first-time homebuyers to selling luxury properties. She ... (click for more)

Monica McMillon, 37, Shot And Killed In Alton Park On Tuesday Night; 2 Shot On Holtzclaw Avenue

Monica McMillon, 37, was shot and killed in Alton Park on Tuesday night. Then several hours later, two people were shot on Holtzclaw Avenue. The Chattanooga Police responded to the 3800 block of Highland Ave. on the report of a shooting. Once on scene police located one victim inside a residence. She  was struck by gunfire and  succumbed to her injuries on ... (click for more)

Judge Denies Motion By Walker County To Delay Closing Of Hutcheson Hospital

A bankruptcy judge in Atlanta on Tuesday denied a motion by Walker County, Ga., is asking a delay in closing Hutcheson Medical Center and laying off employees. Judge Paul Bonapfel said he appreciated the position of Walker County, but he said he would not interfere with the business decision made by the trustees appointed to operate the Fort Oglethorpe hospital. He also said ... (click for more)

A Thankful List

David Jeremiah said it best, that we have a tendency to concentrate on the things we don’t have rather than what God has already blessed us with.  Perhaps, he said, it is because there is not enough parchment available in this world to record all God’s bountiful blessings should we try to list them. This Thanksgiving let us gather our family close to us, whisper a prayer ... (click for more)

Roy Exum: Vote DesJarlais Out!

There are two good bills in both the Senate and the House of Representatives right now that are directly aimed at the sadistic villains who derive some sick pleasure out of torturing helpless Tennessee Walking Horses. They call it “soring,” where caustic materials are lathered into a horse’s forelegs and then wrapped in plastic so they’ll cook. Sometimes they use nails or screws ... (click for more)