BATON ROUGE, LA – More than 4,000 borrowers in Louisiana are owed money from a settlement with mortgage servicers stemming from the 2008 housing bubble burst, according to State Treasurer John Kennedy.

“If you lost your home to foreclosure during the national credit crisis, check our Unclaimed Property database to see if you’re owed some money,” said Treasurer Kennedy. “We just deposited more than $2 million that is owed to folks in Louisiana. We want to get this money back to you.”

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

Treasurer Kennedy encourages Louisiana residents to search for missing money online at www.LATreasury.comor call the Treasury’s toll-free hotline at 1-888-925-4127 (Monday – Friday 8:00 a.m. to 4:30 p.m.).

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us