Friday, August 10, 2012

Mortgage foreclosure review process.




Lose your house to foreclosure and lost money because of it?  The Federal Reserve Banks and the mortgage lending industry have helped to establish a process for independent review of the mortgage foreclosure process that you went through.

DEADLINE to begin the review is September 30, 2012.  To start the process of review, go to www.independentforeclosurereview.com.

If this review process finds errors in your foreclosure, you are eligible to receive compensation..

There are three requirements to be eligible for review:

  1. The property securing the loan was the borrower’s principal residence.

  1. The mortgage was in the foreclosure process (initiated, pending or completed) at any time during the two year-period January 1, 2009 to December 30, 2010.

  1. The mortgage was serviced by one of the participant mortgage services listed: 
·         
·        America’s Servicing Co.
·        Aurora Loan Services
·        BAC Home Loans Servicing
·        Bank of America
·        Beneficial
·        Chase
·        Citibank
·        CitiFinancial
·        CitiMortgage
·        Countrywide
·        EMC
·        Ever Bank
·        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
·        Washington Mutual
·        Wells Fargo
·        Wilshire Credit Corporation

DEADLINE to begin the review is September 30, 2012.  To start the process of review, go to www.independentforeclosurereview.com.

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