1) Help For Those Hurt By Foreclosure Errors
(NAPS)—If you received any
notices about foreclosure of your
primary residence in 2009 or 2010
and suffered financial harm
because of errors in that foreclo­
sure process, even if you did not
lose your home, you may qualify
for a free, independent review.
The deadline for requesting
that review is December 31, 2012.
Conducted at the direction of the
Office of the Comptroller of the Cur­
rency and the Board of Governors of
the Federal Reserve, the Indepen­
dent Foreclosure Review will deter­
mine whether you suffered financial
injury and should receive compen­
sation or other remedy because of
errors or other problems during the
foreclosure process.
To be eligible, the mortgage
must have been active in the fore­
closure process between January
1, 2009 and December 31, 2010.
The property securing the loan
must have been your primary res­
idence, and the mortgage must
have been serviced by a mortgage
servicer covered by the OCC and
Federal Reserve enforcement
actions issued in April 2011. For a
list of those companies, visit
w w w. i n d e p e n d e n t f o r e c l o s u r e
review.com. To know if your mort­
gage was active in the foreclosure
process during the eligible period,
check to see if you received foreclosure-related notices during that
period.
Request for Review
You can submit a request at
the same site or complete and
return a request form by mail.
More than 4.3 million forms and
letters explaining the process
were sent to eligible homeowners.
If you have questions about
completing the form or need to
request one, you can call (888)
952-9105 between 8 a.m. and 10
p.m. (Eastern), Monday through
Friday, and between 8 a.m. and 5
p.m., Saturday.
“I want people to know this
process is free to eligible borrow-
Did You Know?
The Comptroller of the Currency and
the Federal Reserve Board have ordered
the Independent Foreclosure Review to
determine whether you were hurt finan­
cially and to provide compensation or
remediation for that harm. Learn more at
www.independentforeclosurereview.com.
If you were hurt by a flawed fore­
closure in 2009 or 2010, request a
free review by December 31, 2012.
ers who ask for a file review, and
that they give up absolutely none
of their rights in asking for the
independent review of their case,”
said Comptroller of the Currency
Thomas J. Curry. “All eligible bor­
rowers who submit requests can
be assured that their file will be
reviewed professionally and evalu­
ated fairly to determine whether
errors resulted in financial
injury.”
Not all reviews will find errors,
and not all errors result in finan­
cial injury. Where the review finds
financial injury, the remediation
offered is intended to address
direct financial harm and can
range from a few hundred dollars
to more than $100,000. More than
136,000 people have requested a
review.
Assistance is available in over
200 languages including Spanish,
Chinese, Korean, Vietnamese,
Hmong and Russian.
Watch out for Scams
There is only one Independent
Foreclosure Review and it is free.
Beware of anyone who asks you to
pay for any foreclosure review
service or offers to complete the
request form on your behalf.
Learn More
More information is available
at the official OCC website, www.
occ.gov/independentforeclosure
review.
There could be good news for
people with bad mortgages. ///
Help For Those Hurt By Foreclo­
sure Errors