The deadline to seek an Independent Foreclosure Review has been extended. You now have until December 31, 2012 to file a claim to determine if you are eligible to receive up to $125,000.
Borrowers should keep in mind that the Independent Foreclosure Review is just one of many federal, state and bank sponsored processes created to assist borrowers who were harmed by foreclosure abuses and/or struggling through the current housing crisis. While some of these programs are aimed at compensating borrowers for past, improper conduct, others are designed to help borrowers remain in their homes by creating more manageable mortgage payments. You should contact an attorney to discuss your eligibility and the requirements for recovery under the various programs. For more information, please contact an attorney in Fraser Trebilcock’s Real Estate Practice Group.