2012-03-22 / Business

Foreclosure review assistance offered

Consumer Credit Counseling Service of Buffalo (CCCS Buffalo) recently announced that it will be offering assistance with independent foreclosure reviews — specifically to help borrowers who went through home foreclosure in 2009 and 2010 and still have questions about the process.

Borrowers who went through the foreclosure process may be eligible for a free review and possible compensation. Requests for reviews must be received by the review administrator by July 31.

The focus of the independent foreclosure review is to determine if borrowers suffered financial injury and should receive compensation or other remedy because of errors or other problems during their home foreclosure process.

The review is a result of enforcement actions against 14 residential mortgage servicers and two third-party vendors. They have identified borrowers who were part of foreclosure actions during 2009 and 2010.

Approximately 4.3 million letters were sent out explaining the review, along with a request for a review form. Since letters may not reach their intended targets due to relocation, CCCS Buffalo is trying to spread the word in additional ways.

CCCS Buffalo can assist with completing and filing forms and respond to any questions or concerns about the process. For more information, visit www.cccsbuffalo.org or call 712-2060 ext. 299.

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