Home Foreclosure News: Was Your Home Foreclosed on in 2009 or 2010? You May Have Money Coming (Or Other Options)
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Was your home foreclosed on in 2009 or 2010? You may have money coming. The Reuters article, Regulators extend foreclosure review timetable, explains, stating:
Homeowners — whether they lost their homes or are still in them — can ask [independent] consultants to review their cases . . . If the review finds there were problems with a foreclosure that resulted in financial harm to a homeowner then that homeowner will be eligible for compensation.
This was part of the foreclosure deal 5 big banks worked out with federal bank regulators recently.
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Quick Facts About the Foreclosure Deal Homeowners Need to Know
Following are some quick facts you need to know if your home was foreclosed on in 2009 or 2010 and you want to take action.
Deadline to Take Action: July 31, 2012 (extensed from April 30th).
Compensation Amount: Unknown as of Yet
How to Proceed: Watch your mail your local newspaper and listen to your local news to find out what to do. According to the agreement, lenders and regulators are alerting millions of homeowners who are eligible via these methods. It’s one of the reasons the deadline for taking action has been extended — to give homeowners time to become aware and then proceed.
Get Foreclosure Help
Note: If you’re not contacted and you think you may have been affected, contact a foreclosure attorney or a non-profit that gives free foreclosure help. They should be able to give you some advice on how to proceed.
Good luck!
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Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free
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©2012: Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.