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Foreclosed on or refused loan modification in 2009 and 2010


Posted: Apr 9, 2013

Just wanted to share some good news. If you applied for a loan modification and were refused one and/or were foreclosed on (or threatened with foreclosure) in 2009 or 2010 you are more than likely getting some restitution from your lender, anywhere from $500 to $125,000, depending on the circumstance. As part of the Independent Foreclosure Review, payments will start to be sent out on April 12th.  Go to http://www.occ.gov/topics/consumer-protection/foreclosure-prevention/correcting-foreclosure-practices.html   for more info. 

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I read it. Good information. Thank you. - nm

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