Second chance for owners who lost homes

Real Estate Agent with BIG International Realty

WASHINGTON - July 11, 2011 - More than 2 million homeowners who were foreclosed on or were in the process of a foreclosure during 2009 or 2010 can now ask for a review of their case, banking regulators announced this week. Banking regulators say ex-homeowners who might be eligible will receive a letter from their lender explaining their rights.

The move is to help identify homeowners who may have been improperly foreclosed upon, Julie Williams, chief counsel of the Office of the Comptroller of the Currency, said at a congressional hearing.

Homeowners who ask for the review will receive a letter explaining their rights.

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If you are looking to buy, sell or rent properties in Aventura, Sunny Isles Beach, Hallandale Beach, Hollywood Beach, South Beach, Miami Beach, Fort Lauderdale call Fidan Noriega @ 305-336-5423, email 


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Allen 2222
Austin, TX

Hi Fidan, it's about time homeowners got a fair review of their foreclosure process. I expect that MANY MANY were improperly forclosed on, with fraudulent documents and greedy bankers.

Jul 13, 2011 02:47 PM #1
James Loftis
Real Estate 911 Inc - West Palm Beach, FL
Real Estate 911 Inc

Hello Fidan,

Was not aware that homeowners had this option avalable to them. 

Jul 13, 2011 03:54 PM #2
Fidan Ghoulami
BIG International Realty - Sunny Isles Beach, FL

I guess things are changing maybe this time troubled homeonwers will get help.

Jul 13, 2011 08:41 PM #3
Hugh D Major


My wife and I lost our home in Dec and it went up for auction in Aug of 2011 and when the papers were signed I asked for a fix rate and thought I got one but when I inquired about it,I was told something happen where my payment had to go up and being a first time buyer I thought it was ok but it waqsent because it kept going up and also when we purchased the home I asked for Insurance in case I got laid off or lost my job or got hurt and I paid for that also but when I was put on a medical by the Doctor of the company I worked for the Insurance I had been paying didnt kick in at all and that made us loose our home and if there is any one I can talk to about it please let me know because I feel if thought we were done wrong and by us being new home owners we didnt know who to talk to and we had a problem finding a place to stay.

I am a veteran and purchased our home through the V A and Bank of America bought our home and gave us 2000.00 Dollars to help us relocate and I think there is something that can be done but I dont know who to talk to,so if you can help me I am asking for it now. Hugh D Major

Mar 26, 2012 10:04 PM #4
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Fidan Ghoulami