Homeowners across the country who want their foreclosures reviewed by a third party secured a victory this week. As part of federal regulator's independent foreclosure review directive, homeowners can have their cases checked but had to adhere to a deadline that was fast approaching April 30. This week, that deadline was extended until July 31, 2012.
The Federal Reserve and the Office of the Comptroller of the Currency announced Wednesday that the deadline was pushed back by three months. This was done in order to give consumers more time to file for a case review for those who believe they were subject of errors in the foreclosure process between 2009 and 2012. The reviews will be mandated and enforced by the above federal regulatory agencies. The review will further only apply to the mortgage servicers and their subsidiaries that were subject to the enforcement actions handed down by the Comptroller of the Currency and Federal Reserve on April 13 last year.
Those companies include: America's Servicing Company, Aurora Loan Servicing, BAC Home Loans Servicing, Bank of America, Beneficial, Chase, Citibank, CitiFinancial, CitiMortgage; Countrywide, EMC, Everbank/Everhome Mortgage Company, Financial Freedom, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Services, MetLife Bank, National City Mortgage, PNC Mortgage, Sovereign Bank, U.S. Bank, Wachovia Mortgage, Washington Mutual, Wells Fargo, Wilshire Credit Corporation.
Borrowers are eligible if their loan was serviced by one of the participating companies above, the mortgage loan was subject to foreclosure between January 1, 2009 and December 31, 2010, and the mortgaged property was the borrower's primary residence. Although there are no costs associated with these reviews, it is not recommended that a buyer go into them alone. There are also no costs for scheduling a consultation with href="www.floridaforeclosuredefenselawyersblog.com" target="_blank"> an experienced Florida Foreclosure Defense attorney Contact href="www.floridaforeclosuredefenselawyersblog.com" target="_blank"> a Jacksonville Foreclosure Defense lawyer to schedule a free consultation today.
