Do you want your foreclosure reviewed?

Have you been involved in a foreclosure of your primary home? If your loan was active in foreclosure between January 1, 2009 and December 31, 2010 you may be eligible for an independent review of your foreclosure and possible compensation or other remedy.  This review process came about in an agreement between the banks listed below and federal regulators.

We all know there have been many mistakes in foreclosures and some have lost their homes despite doing everything asked of them in a modification agreement, or through a series of errors and or misrepresentations.

The timeline in which to request a review has been extended to July 31, 2011.

If you endured a foreclosure with one of the following banks, you may be eligible:

• 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

Check out the Independent Foreclosure Review FAQ.  The Federal Reserve Bank has also set up an informational page. This is a legit program. But be careful, this is free, no one should be approaching you and wanting to charge you money for this review. It is free.

It is NO surprise that a recent study in San Francisco showed that 80% of the foreclosures that occurred had blatant errors.  This is staggering.  Take a look at the article NYT: SF audit finds foreclosures riddled with errors. 

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