If you had a mortgage loan on your primary residence and believe you were financially harmed during the mortgage foreclosure process by any of 25 identified servicers in 2009 or 2010, you can request an independent review and potentially receive compensation. The review is intended to determine if borrowers suffered financial harm directly resulting from errors, misrepresentations, or other deficiencies that may have occurred during the foreclosure process. The servicers are required to compensate borrowers for financial injury resulting from deficiencies in their foreclosure processes.
There are no costs associated with being included in the review; the review is a free program. Beware of anyone who wants payment to assist you in connection with the independent foreclosure review or any other foreclosure assistance program. To see a full list of servicers and get further information on requesting a review, please visit: Independent Foreclosure Review
Requests for review by the servicers’ independent consultants must be received by December 31, 2012.
The views expressed are not necessarily those of the Federal Reserve Bank of San Francisco or of the Federal Reserve System.
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