Federal Reserve Bank of Boston Extends Deadline for Independent Foreclosure Review - August 6, 2012

The Federal Reserve Bank of Boston is encouraging borrowers who were financially harmed in the mortgage foreclosure process in 2009 and 2010 to request an independent review. If the review finds errors in how the foreclosure was handled, borrowers may be eligible to receive compensation. Borrowers have until December 31, 2012, to submit a request. To get more information or start the process visit: www.independentforeclosurereview.com

To apply borrowers need to meet the following three requirements:

1) The property securing the loan was the borrower’s primary residence
2) The mortgage was in the foreclosure process (initiated, pending, or completed) at any time between January 1, 2009, and December 31, 2010
3) The mortgage was serviced by one of the participant mortgage servicers. See list at independentforeclosurereview.com
 

View a video explaining the program in English  |  Español