Practice Areas

Blog

News

Library

Testimonials

View All


Blog Category:

Wrongful Bank Foreclosure

11/2/2011
Phillips & Garcia
Comments (0)

4 Million Borrowers May be Eligible for Review of Foreclosures

A massive independent review of foreclosures between 2009 and 2010 has begun, making it possible for 4 million borrowers to potentially seek out compensation for foreclosure errors and misconduct. On Tuesday, November 1, 2011, federal regulators required the nation's largest mortgage servicers to begin mailing letters to potential victims. 14 mortgage servicers are required to correct their mistakes including Bank of America, Wells Fargo & Co., J.P. Morgan Chase & Co., and Citigroup. 

Eligible borrowers will be mailed a letter by December 31, 2011 explaining the independent review process. More information can be found at the official website. http://www.independentforeclosurereview.com/

 

The review process began a year ago in an attempt to investigate wrongful foreclosure practices including the use of robo-signing. For an explanation of the robo-signing crisis we have provided a video below. 

 





Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state. 




There are no comments.

Post a comment

Post a Comment to "4 Million Borrowers May be Eligible for Review of Foreclosures"

To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."

Name:*

Email:* (will not be published)

Website:

Message:

Notify me of follow-up comments via email.

For security purposes, please enter the graphic text in the box below: [hit F5 if you can not read the text]