If your home was in the foreclosure process in 2009 or 2010, and you believe that your mortgage servicer’s actions cost you money, you have the right to have the process reviewed by a neutral third party. If they find an error, you may be eligible for compensation. The site indicates that the home only had to be in the foreclsoure process in 2009 or 2010. Therefore, if the foreclosure was not actually conducted until later, or has not been completed, a homeowner may still be eligible. There is no cost for this review.
Some examples of financial injury given include:
- The mortgage balance amount at the time of the foreclosure action was more than you 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.
- You requested assistance/modification, submitted complete documents on time, and were waiting for a decision 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 months after the active duty ended and the servicemember did not waive his/her rights under the Servicemembers Civil Relief Act.
You must submit your claim by December 31, 2012.
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