Foreclosure Second Look

by Isaac Benmergui, Esq on November 18, 2011

If your home went into foreclosure in 2009 or 2010, you may be receiving a letter offering a second look at the proceedings. An audit by the Office of the Comptroller of the Currency uncovered evidence of spurious home foreclosures and repossessions during that time.

Fourteen mortgage servicers have hired reviewers to go through mountains of documents to ensure that homeowners were treated fairly and within the legal requirements for repossessions. More than 300,000 foreclosures occurred in Miami-Dade and Broward counties from 2009 to 2010, and big name lenders such as Bank of America, Chase Bank, Wells Fargo and CitiMortgage can expect to have their documents closely scrutinized by the reviewers.

If the reviewers find error, homeowners may be entitled to damages. Owners eligible for the review will receive a letter from their mortgage company before the end of the year, and they must respond by April 30, 2012 to participate.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email for more information or to set up an appointment today.



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