Sonoma County, California–In the Mail–LOOK FOR–FREE, legitmate “Independent Foreclosure Review”,…Don’t throw this one away. You could be eligible for up to $125,000 in compensation! The information below from The Office of the Comptroller of the Currency will explain the process. This is a FREE review. DO NOT pay someone to review your loan, or foreclosure.
Correcting Foreclosure Practices
Updated November 2, 2012
On April 13, 2011, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Office of Thrift Supervision announced enforcement actions against 14 large residential mortgage servicers and two third-party vendors for unsafe and unsound practices related to residential mortgage servicing and foreclosure processing.
Independent Foreclosure Review–Apply by Dec 31, 2012 a MUST!
As part of those consent orders, federal regulators required servicers to engage independent firms to conduct a multi-faceted review of foreclosure actions in process in 2009 and 2010. Under the orders, independent consultants are charged with evaluating whether borrowers suffered financial injury through errors, misrepresentations, or other deficiencies in foreclosure practices and determining appropriate remediation for those customers. Where a borrower suffered financial injury as a result of such practices, the agencies’ orders require financial remediation to be provided.
As part of that program, the 14 mortgage servicers covered by the enforcement actions will begin mailings November 1, 2011 that will continue through the end of the year. The mailings are intended to provide information to potentially eligible borrowers on 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. The mailings will include a request for review form.
Borrowers may also visit www.IndependentForeclosureReview.com for more information about the review and claim process. Assistance with the form 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).
Requests for review must be postmarked or submitted online by December 31, 2012.
Helpful Links about the Independent Foreclosure Review
Official Site (Independent Foreclosure Review Site)
Frequently Asked Questions
Request Form Help Sheet
Tips to Complete the Form
Frequently Asked Questions about the Remediation
Guide to Remediation Framework
Community Group Tool Kit
Continue reading In foreclosure 2009 or 2010? FREE Independent Foreclosure Review, even if you retained your home.