There is a possibility that you may be receiving a check in the mail as “Compensation” from the banks for a short sale, denial of loan modification, foreclosures, bankruptcy, or a myriad of other actions by the bank for which they deem you may have been harmed……
Hello – losing a home and getting this compensation is too little too late for many of my clients but I just wanted to let you know what is in the wind in case you do receive a check from the Federal Banking Regulators – the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System.
I have heard that the check will range from $300 up to $125,000 –
If your loan was serviced by one of the following companies, their affiliates, or subsidiaries: Aurora, Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanley, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo you should be receiving a check soon.
If your loan was serviced by EverBank/EverHome Mortgage Company, Financial Freedom (OneWest), GMAC Mortgage, and IndyMac Mortgage Services (OneWest), the Independent Foreclosure Review process continues. More about the continuing reviews.
The Paying Agent will be Rust Consulting Inc…… This will NOT cost you any money – do watch out for scammers.
Here is another link if you care to research it further – do pass this on to friends or family that may have gone through any of these processes in 2009, 2010 or 2011.
Correcting Foreclosure Practices
Thank You, Dawn
Dawn O’Neal & Tom Binder
CELL 408.221.0575 & 408.826.9193
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