Tuesday, November 1, 2011

Homeowners able to request independent foreclosure review

Homeowners foreclosed on by Bank of America, Wells Fargo, Wachovia and a number of other mortgage servicers will be able to request an independent foreclosure review, federal regulators announced Tuesday.

If errors are found, the homeowner is eligible to receive compensation. The process is part of an agreement between regulators and the mortgage servicers made in April.

For more information, including a full list of servicers participating in the review, go to IndependentForeclosureReview.com.

To qualify, the foreclosed property must be the person's primary residence and the foreclosure must have been active between Jan. 1, 2009 and Dec. 31, 2010.

Does this affect you? Call the Observer at 704-358-5235 or email adunn@charlotteobserver.com.