Home > Uncategorized > Was Your Home Foreclosed on in 2009-2010? – Free Independent Foreclosure Review

Was Your Home Foreclosed on in 2009-2010? – Free Independent Foreclosure Review

If your home was foreclosed on in 2009 – 2010 it may be worth having the Federal Government perform its independent review of your foreclosure process and check into whether or not your lender potentially committed errors in the process.

According to a press release found on the Office of Comptroller on Currency’s website “[u]nder the enforcement actions taken in April by the OCC, the Federal Reserve, and Office of Thrift Supervision, 14 large mortgage servicers were required to correct deficiencies in their servicing and foreclosure processes and to engage independent firms to conduct a multi-faceted independent review of foreclosure actions that occurred in 2009 and 2010.”

For more information go ahead and check the OCC’s website at:  http://www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-133.html

To qualify, your mortgage loan would need to meet the initial eligibility criteria:

  • Your mortgage loan was serviced by one of the participating mortgage servicers.
  • The list of participating servicers includes:
    • America’s Servicing Co.
    • Aurora Loan Services
    • BAC Home Loans Servicing
    • Bank of America
    • Beneficial
    • Chase
    • Citibank
    • CitiFinancial
    • CitiMortgage
    • Countrywide
    • EMC
    • EverBank/EverHome Mortgage Company
    • Financial Freedom
    • GMAC Mortgage
    • HFC
    • HSBC
    • IndyMac Mortgage Services
    • MetLife Bank
    • National City Mortgage
    • PNC Mortgage
    • Sovereign Bank
    • SunTrust Mortgage
    • U.S. Bank
    • Wachovia Mortgage
    • Washington Mutual (WaMu)
    • Wells Fargo Bank, N.A.
    • Wilshire Credit Corporation
  • Your mortgage loan was active in the foreclosure process between January 1, 2009 and December 31, 2010.
  • The property was your primary residence.

according to http://www.independentforeclosurereview.com/ “Eligible customers will be mailed a letter by December 31, 2011 that explains the Independent Foreclosure Review process and a Request for Review Form that identifies some examples of situations that may have led to financial injury. The form must be completed and postmarked no later than July 31, 2012.” 

You can also call  1-888-952-9105  to request an application.

If you fall into this category – why  not fill out and return the application; what do you have to lose?  Some of my clients have retained my firm to initiate a lawsuit against their lender for allegations of abuse in lending and the foreclosure process.  I tell my clients to call 1-888-952-9105 and see if you qualify.  It could be a cost-effective way to address any problems caused by your lender.

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