For immediate release
The Federal Reserve Board on
Wednesday announced the availability of a new video that explains how borrowers
who believe they were financially harmed during the mortgage foreclosure
process in 2009 and 2010 can apply for a free, independent foreclosure file
review.
Both English and Spanish versions of
the video are available for viewing on the Federal Reserve Board’s website and
on YouTube.
The brief announcement reminds
borrowers that, as part of the enforcement actions taken in April 2011 by
federal banking regulatory agencies, they may be eligible to receive
compensation if the independent review finds evidence of direct financial
injury due to servicer error. Borrowers are eligible for a review if their
primary residence was in the foreclosure process in 2009 or 2010 and their
mortgage loan servicer is participating in the Independent Foreclosure Review.
The list of participating servicers can be found at:
www.IndependentForeclosureReview.com
or at www.federalreserve.gov/consumerinfo/independent-foreclosure-review.htm
The deadline to request a foreclosure review is
July 31, 2012. For more information, borrowers may call 888-952-9105 or visit
www.IndependentForeclosureReview.com
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