People who lost their homes through foreclosure and think they were thrown off their property unfairly now have more time to seek financial compensation.
People who seek a free, independent review of their cases through the federal banking agencies’ Independent Foreclosure Review program now have until July 31 to apply for help.
The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) are extending the deadline to submit requests from April 30. The review is for former homeowners who believe they suffered financially because of mistakes in foreclosure actions against them during 2009 and 2010 by mortgage servicers that were part of the April 2011 federal enforcement actions against them.
As part of the enforcement, the federal government required 14 mortgage servicers to hire independent consultants to offer reviews of 2009 and 2010 foreclosures and to find borrowers who may have been financially injured because of improperly applied foreclosures. If the homeowner was improperly foreclosed on and suffered financially because of it, the borrower could receive compensation.
Read the rest of the article at Ocala.com
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