Monday, November 19, 2012

POSSIBLE COMPENSATION FOR LENDER FORECLOSURE ERROR?: In an advertisement published in major newspapers across the country over the weekend, the Federal Reserve and Office of the Controller of the Currency (who regulates nationally chartered banks) list a number of lenders and servicing institutions who may have made errors in foreclosing on many homes nationally. The list of lenders is as follows: America's Servicing Co.; EMC; PNC Mortgage; Aurora Loan Services; EverBank/EverHome Mortgage Co,; Sovereign Bank; BAC Home Loans Servicing; Financial Freedom; SunTrust Mortgage; Beneficial; GMAC Mortgage; US Bank; Chase; HFC; Wachovia Mortgage; Citibank; HSBC; Washington Mutual (WaMu); CitiFinancial; IndyMac Mortgage Services; CitiMortgage; MetLife Bank; Wells Fargo Bank, NA; Countrywide; Nagtional City Mortgage; and Wilshire Credit Corporation. If, according to the ad, you feel there were errors made in or related to a foreclosure that cost you money, you can request a free review of your foreclosure by a neutral party, and you MAY get compensation for these errors. Compensation could be up to a maximum of $125,000 PLUS equity. Call (855) 778-0855 or go online: occ.gov/independentforeclosurereview or federalreserve.gov/consumerinfo/independent-foreclosure-review.htm . Sounds like a good thing for possible help if you were victimized by erroneous foreclosure action. Good luck.

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