Happy Monday everyone! I hope you had a fabulous weekend and enjoyed some rest. I have to share this news article from MarketWatch..
Homeowners who had a mortgage in any stage of the foreclosure process in 2009 and 2010 and who think they may have been victims of errors or other problems in the process may be eligible for compensation.
But time is running out.
The Federal Reserve Board issued enforcement actions against 14 major mortgage servicers last year, requiring them to retain independent consultants to review foreclosure cases from that time period. The reviews are to determine if a consumer suffered “financial harm” due to errors or other problems during the foreclosure process.
Request for review forms must be postmarked or submitted to the independent foreclosure review administrator by July 31. So far, the response has been underwhelming, said Gail Cunningham, spokeswoman for the National Foundation for Credit Counseling.
“We hate to see real help available to people, help that is so desperately needed, and people not take advantage of it,” Cunningham wrote in an email.
The NFCC and other organizations have toll-free numbers to help homeowners who might be eligible for an independent foreclosure review. The NFCC’s number is (877) 339-6322. You can also visit IndependentForeclosureReview.com.
Read more real-estate news in this week’s pages, including why some condo owners are facing rental restrictions and see a slide show with products from the recent Kitchen & Bath Industry Show.
And if you think you might be eligible for an independent foreclosure review, don’t waste any time in talking with someone about it. You never know until you ask.
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