Independent Foreclosure Review Process Available for Struggling Homeowners
Great news for homeowners to have had foreclosures filed between Jan 1, 2009 and December 31, 2010 is that on [November 1, 2011 from the Office of the Comptroller of the Currency (banks regulator)] the 14 mortgage servicers covered by the enforcement actions began mailing letters to eligible borrowers that explain how to request a review of their case if they believe they suffered financial injury as a result of errors, misrepresentations, or other deficiencies in foreclosure proceedings related to their primary residence between January 1, 2009 and December 31, 2010. Borrowers may also visit
www.IndependentForeclosureReview.com for more information about the review and claim process. Assistance with requesting a review and answers to questions about the process are available at 1-888-952-9105, Monday through Friday from 8 a.m. to 10 p.m. (ET) and Saturday from 8 a.m. to 5 p.m. (ET).
Has anyone received this mailing from their lender? Has anyone requested a review yet? Please note that requests for review must be received by April 30, 2012.
Consent orders were issued on April 13, 2011 and taken out against the following list of banks:
- Bank of America
- JP Morgan Chase
- MetLife Bank
- U.S. Bank
- Wells Fargo
- Aurora Bank
- One West Bank
- Sovereign Bank.
Independent Foreclosure Review--Each bank has been assigned a firm to conduct the review.
Monday through Friday from 8 a.m. to 10 p.m. (ET)
Saturday from 8 a.m. to 5 p.m. (ET).
The OCC press release can be found at http://www.occ.treas.gov/news-issuances/news-releases/2011/nr-occ-2011-133.html