Florida – Homeowners where the foreclosure process was activated on their primary residence between January 01, 2009 and December 31, 2010 are eligible to request a free review that may result in financial compensation or other remedy if errors or misrepresentations occurred in those cases.
The independent foreclosure review is conducted by consultants retained by the Office of the Comptroller of Currency. If the review finds that financial injury occurred because of errors, misrepresentations or other deficiencies in the servicer’s foreclosure process, the homeowner may receive compensation.
To find answer to questions about the review process and for information, visit www.IndependentForeclosureReview.com or call 1-877-465-3138. Homeowners must submit a Request for Review Form by April 30, 2012.
More than 4 million letters were mailed to potentially eligible borrowers with request-for-review forms and instructions. For people who believe they may be eligible but did not receive a form, forms can be requested from 888-952-9105.
The review is for mortgages serviced by: 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., and Wilshire Credit Corporation.
Examples of situations that may have led to financial injury include:
- The mortgage balance amount at time of foreclosure was more than the homeowner actually owed.
- You were doing everything the modification agreement required, but the foreclosure sale still happened.
- The Foreclosure action occurred while you were protected by bankruptcy
- Yo requested assistance/modification, submitted complete documents on time, and were waiting for a decison when the foreclosure sale occurred.
- Fees charged or mortgage payments were inaccurately calculated, processed or applied.
- The foreclosure action occurred on a mortgage that was obtained before active duty military service began and while on active duty, or within 9 month after active duty ended