1) Your Independent Foreclosure Review
(NAPS)—Did you face foreclo­
sure in 2009 or 2010? If so, the
Office of the Comptroller of the
Currency says you may be eligible
for a free independent review of
your case.
Independent foreclosure re ­
views let borrowers who faced
foreclosure on their primary res­
idences between January 1,
2009 and December 31, 2010
request reviews of their cases if
they believe they suffered finan­
cial injury as a result of errors
in the foreclosure pro cesses of
these servicers:
America’s Servicing Company,
Aurora Loan Services, Bank of
America, Beneficial, Chase,
Citibank, CitiFinancial, Citi ­
Mortgage, Country-Wide, EMC,
EverBank/Everhome, Freedom
Financial, GMAC Mortgage, HFC,
HSBC, IndyMac Mortgage Ser ­
vices, MetLife Bank, National
City, PNC Mortgage, Sovereign Bank, SunTrust Mortgage, U.S. Bank,
Wachovia, Washington Mutual,
and Wells Fargo.
The reviews will determine
whether individuals suffered
financial injury and should receive
compensation or other remedies
due to errors or other problems
during their home foreclosure
process. The reviews were ordered
by the Office of the Comptroller of
the Currency and the Board of
Governors of the Federal Reserve
in April 2011 after the federal reg­
ulators found unsafe and unsound
mortgage servicing and foreclosure
practices among these large, feder­
ally regulated mortgage servicers.
Situations that may have led to
financial injury include, but are
not limited to:
• The mortgage balance at the
time of the foreclosure action was
more than you actually owed.
• Fees charged or mortgage
payments were inaccurately calcu­
lated, processed or applied.
• You were doing everything a
modification agreement required
If you faced foreclosure in 2009
or 2010, the government may
have good news for you.
but the foreclosure sale still
happened.
• The foreclosure action
occurred while you were protected
by bankruptcy.
• A foreclosure proceeded on a
military member in violation of
Servicemembers Civil Relief Act
protections.
More than 4 million letters
were mailed to potentially eligible
borrowers with request-for-review
forms and instructions on how to
complete and return them. The
form lets you describe what you
think went wrong. Simply answer
the questions to tell your story,
include any additional documents
you think relevant and return the
form by July 31, 2012.
If you believe you are eligible
and have not received a form, you
can request one from (888) 952­
9105, Monday through Friday from
8 a.m. to 10 p.m. (ET) and Satur­
day from 8 a.m. to 5 p.m. (ET).
For additional information and
answers to basic questions about
the review process, visit www.
IndependentForeclosureReview.
com. Reviews are conducted by
independent consultants working
under the direction of the federal
regulators and may take several
months to complete.
You can learn more at www.occ.
gov/independentforeclosurereview.
Did You Know?
If you recently faced foreclosure, the Office of
the Comptroller of the Currency says you may
be eligible for a free, independent review of
your case. Learn more at (888) 952-9105 and
IndependentForeclosureReview.com.
If you faced foreclosure in
2009 or 2010, the government
may have good news for you. ///
Your Independent Foreclosure
Review