Deadline to Request “Independent” Foreclosure Review Extended (AGAIN) to December 31

Deadline to Request Independent Foreclosure Review Extended to December 31

Borrowers seeking a review of their mortgage foreclosures under the federal banking agencies’ Independent Foreclosure Review now have until December 31, 2012, to submit their requests.

The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) today announced that the deadline for submitting requests for review under the Independent Foreclosure Review has been extended. The new deadline provides additional time for borrowers to request a review if they believe they suffered financial injury as a result of errors in foreclosure actions on their homes in 2009 or 2010 by one of the servicers covered by enforcement actions issued in April 2011.

The deadline extension provides more time to increase awareness about the Independent Foreclosure Review and how eligible borrowers may request a review, and to encourage the broadest participation possible. The agencies will work with the servicers to expand their outreach and marketing efforts through the end of the year to encourage as much participation as possible.

As part of enforcement actions issued in April 2011, the agencies required 14 large mortgage servicers to retain independent consultants to conduct a comprehensive review of foreclosure activity in 2009 and 2010 to identify borrowers who may have been financially injured due to errors, misrepresentations, or other deficiencies in the foreclosure process. If the review finds that financial injury occurred, the borrower may receive remediation such as lump-sum payments, suspension or rescission of a foreclosure, a loan modification or other loss mitigation assistance, correction of credit reports, or correction of deficiency amounts and records. Lump-sum payments can range from $500 to, in the most egregious cases, $125,000 plus equity, according to guidance issued by the agencies.

Requesting a review does not preclude borrowers from taking other actions related to their foreclosures. A servicer is not permitted to require a borrower to sign a waiver of the borrower’s ability to pursue claims against the servicer in order to receive compensation under the Independent Foreclosure Review.

There are no costs associated with being included in the review. More information, including how to apply online, is available at http://www.independentforeclosurereview.com

SOURCE: http://www.federalreserve.gov

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4closureFraud.org

Comments
3 Responses to “Deadline to Request “Independent” Foreclosure Review Extended (AGAIN) to December 31”
  1. AL says:

    this is a joke right???

    extended , extend one more time, extended again…mmmmmm

    what??..you can’t fool enough people yet??…seems someone can’t find a CHAIN OF TITLE…..
    i more difficult to convince people now ….. thieves have a problem finding all this documentation….

    that’s why the are asking for the original copy of your documents , in that way they can trace and fake a completely new CHAIN ,”FIXING” all the issues and then come an take your PROPERTY…..(..they will come anyway with a bunch of fraudulent papers to steal it)

    at this point..I HAVEN’T FOUND ANY …ANYONE RECEIVING A DOLLAR FROM THIS “REVIEW” !!

    the only thing i read is “YOU DO NOT QUALIFY FOR A COMPENSATION…SEEMS ALL THE PROCESS WAS CORRECT”

    THIS IS BS…..

    better to find an attorney to sue these thieves….which is really hard at least in Florida, they just take your money an do NOTHING….

  2. charley rice says:

    They need to hurry up & give this money back to the homeowners because they knew those servicer banks could NEVER get a valid chain of assignment from the SUBPRIME banks that sold SOLD those mortgages to Wall Street back in the BUBBLE ERA and later ALL THOSE SUBPRIME BANKS had went out of business after they sold those the homeowners promissory notes and it was later changed into stock certificates by Wall Street for the Trust as securitized assets.

    So if the trustee stated that they were trustee for a securitized assets that meant your mortgage was a securitized asset & the Trustee is hiding your non existence subprime banks. This is FRAUD on the TRUSTEE.

    Once Wall Street change the promissory notes to a stock certificates it becomes unenforceable to foreclose because your subprime bank lost the right.

    Now those Prime servicer Banks & the Trustee brought FRAUD of ROBO-signing back dating on the out of business Subprime closed banks and the closed Trust which they had NO RIGHT by hiding the out of business subprime banks & acting as the trustee to take homes after the close out dates once that mortgage was sold.

    HOMEOWNERS your Deed of trust was given an account number that matches your home income tax return. If you go back and look at the servicer home income tax return that was issued to you it has a different account number which the servicer fraudulently linked to your dead subprime bank deed of trust.

    THAT’S ONE OF THE DECEPTIONS THE PRIME BANKS — USED BECA– USE IT PROVES THAT THEY DIDN’T GET A VALID ASSIGNMENTS FROM THE PRIME SERVICER BANKS.

    That’s a breech of contract upon your INVALID deed of trust because when your bank when out of business that VOIDED your DEED OF TRUST.

    THESE BANKS DON’T HAVE ANY LEGAL STANDING AND THAT’S WHY THEY WERE BUSTED FOR FORECLOSURE FRAUD.

  3. bellabell says:

    do thee think if they continue to extend the deadline that people are being encouraged to apply… this is about increasing their pitiful numbers because people know this is just a repeat of the scams they have already put us through.

    yes I applied Jan 9, 2012 and as of today I have received zero response except for the acknowledgement letter.

    don’t be fooled into applying for something that clearly is NOT about helping you… if it was about helping people would be receiving notices about their cases…

    you have a better chance of helping yourself playing the lottery…

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