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If you had a foreclosure initiated, pending or completed against you in 2009 or 2010, you may find this of interest. The Federal Reserve Board has been looking into the actions of many of the largest lenders about how they handled the foreclosure process. They want to review the process to determine if any borrowers suffered financial harm because of the lender’s mistakes or misstatements. If errors are found, the lenders are required to compensate the borrowers if financial harm can be proven.

If you had a loan that meets the below requirements, you can request an independent review of the foreclosure process and possibly receive some compensation. The property must have been your primary residence, the mortgage either had foreclosure started, pending or completed anytime between 1/1/2009 and 12/31/2010 and the mortgage was serviced by America's Servicing Company, Countrywide, National City, Aurora Loan Services, EMC, PNC, Bank of America, Everbank/Everhome, Sovereign Bank, Beneficial, GMAC Mortgage, SunTrust Mortgage, Chase, HFC, U.S. Bank, Citibank, HSBC, Wachovia, CitiFinancial, IndyMac Mortgage Services, Washington Mutual, CitiMortgage, Metlife Bank, Wells Fargo, or Wilshire Credit Corporation.

You may have already received something in the mail about this. If you didn’t get a letter, or you threw it out, you can call 888-952-9105, Monday through Friday from 5 a.m. to 7 p.m., and Saturday from 5 a.m. to 2 p.m. Or to go: www.IndependentForeclosureReview.com.

There is no cost for this review, so be wary of anyone that wants to charge you money for this. The deadline to request a review is 4/30/12. If you have any success with this program, please let me know.

If you have questions on this or any other real estate topic, call me at (925) 240-MOVE (6683). To search the MLS for free and view virtual tours of homes for sale, go to: www.SharpHomesOnline.com. Sharp Realty