GOVERNMENT FORECLOSURE REVIEW STARTED YESTERDAY

GOVERNMENT FORECLOSURE REVIEW STARTED YESTERDAY

We recently published a post about the government foreclosure review. That review started yesterday. The important thing to remember is that there is a deadline of April 30, 2012, for review requests.

Distressed homeowners who went through foreclosure in 2009 or 2010 may be affected. There are 14 loan servicers, listed on the Office of the Controller of the Currency web site, who may not have followed proper legal procedures during the foreclosure process.

The loan servicers involved for this program include:

· America’s Servicing Co.

· Aurora Loan Services

· BAC Home Loans Servicing

· Bank of America

· Beneficial

· Chase

· Citibank

· CitiFinancial

· CitiMortgage

· Countrywide

· EMC

· EverBank/EverHome Mortgage Company

· Financial Freedom

· GMAC Mortgage

· HFC

· HSBC

· IndyMac Mortgage Services

· MetLife Bank

· National City Mortgage

· PNC Mortgage

· Sovereign Bank

· SunTrust Mortgage

· U.S. Bank

· Wachovia Mortgage

· Washington Mutual (WaMu)

· Wells Fargo Bank, N.A.

· Wilshire Credit Corporation

If you, or someone you know, lost your home to foreclosure during the specified period and one of the 14 loan servicers completed that foreclosure, you may have some money coming.

You may request an independent audit of your foreclosure at no cost to you.

If the independent audit determines that the foreclosure caused you financial harm due to loan servicer error, the government will order remediation (you get money back).

The important thing to remember is that a request for an independent audit DEADLINE IS APRIL 30, 2012. The will not consider requests post marked after that date valid for this program.

We ask that you pass this information on to anyone you know who may have been harmed. It is about time the little guy wins a round!

Select this link to review the full article and links for additional information:

http://www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-133.html