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Class Settlement Notices - Current Notices

IN RE: RESIDENTIAL CAPITAL, LLC, et. al., Debtors Case No. 12-12020, S.D.N.Y. Bankruptcy Court

related to: In re Community Bank of Northern Virginia Second Mortgage Lending Practices Litigation (W.D.Pa.)

This case involves second mortgage loans issued by Community Bank of Northern Virginia and Guaranty National Bank of Tallahassee between June 6, 1998 and November 13, 2002. A settlement has been reached between certain borrowers and Residential Capital LLC as part of its bankruptcy proceeding in New York City. The settlement provides for an allowed claim amount of $300 million for the class. A bankruptcy plan confirmation hearing will be held on November 19, 2013 before Judge Martin Glenn. If the plan is approved, eligible class members will receive payments. Read the ResCap Notice (Opens new a new Window)

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