Skip to content

Borrowers’ right to foreclosure review

by admin

Is your home currently in foreclosure or have you lost your home to foreclosure? Many people are the victims of improper foreclosure procedures. You can request a free independent review. To find out more read this information from

Homeowners who’ve suffered financially because of improper foreclosure practices are entitled to have their case reviewed as part of a government consent order for 14 mortgage servicers.

Borrowers who experienced servicer errors, misrepresentations and other problems in 2009 and 2010 can report foreclosure complaints and request an independent review.

There is no charge for the review and applying for one will not affect any other foreclosure prevention effort homeowners are attempting.

An independent reviewer, not associated with the mortgage servicer, will evaluate the process and search for mistakes or abuses.  Consumers can request a foreclosure process review if they have had:

– documents lost
– time wasted applying and re-applying for loan modifications
– interest and fees pileing up due to servicer delays
– lost their home to foreclosure unnecessarily or
– other related financial problems

Mortgage servicers began notifying consumers by mail of their right to review Nov. 1 and will continue throughout the year to try to contact 4.5 million affected homeowners.

Consumers who do not receive notice from their servicer can call 888-952-9105.

Consumers will be eligible for compensation for their losses where reviewers find errors or abuses. Federal regulators have not determined how victims will be compensated if problems are found.

Homeowners must submit a completed 5-page review form by April 30, 2012.

For more details click on

Participating servicers include:

America’s Servicing Company
Aurora Loan Services
Bank of America
EverBank/Everhome Mortgage Company
GMAC Mortgage
IndyMac Mortgage Services
MetLife Bank
National City Mortgage
PNC Mortgage
Sovereign Bank
SunTrust Mortgage
U.S. Bank
Washington Mutual
Wells Fargo

Share and Enjoy:
  • Print
  • Facebook
  • Twitter
  • Google Bookmarks
  • LinkedIn

Comments are closed.