Are you among the millions of homeowners who believe their house keys were yanked prematurely after facing foreclosure? If so, you may get a remedy after all.
As many as 4.5 million homeowners who believe they were unfairly or illegally the target of foreclosure can now request an independent review and may receive restitution if the finding goes their way.
How much of a restitution, according to an Atlanta Journal-Constitution report, isn’t clear, but Georgians would be among those lining up. The state is a leader when it comes to foreclosure proceedings.
John Walsh, acting U.S. comptroller of the currency, said current and former customers of 14 loan servicers – including Wells Fargo, SunTrust Banks, Bank of America and JPMorgan Chase & Co – would be eligible to request the reviews.
The foreclosed home had to be a primary residence between Jan. 1, 2009, and Dec. 31, 2010.
More information is available at IndependentForeclosureReview.com.
For many who’ve lost their home, the development is bittersweet. Are you among them?