Did You Know...? Independent Foreclosure Review

Has your primary residence been involved in the foreclosure process?

TRIP once again would like to make you aware of the Independent Foreclosure Review. This initiative was created by The Board of Governors for the Federal Reserve System and the Office of the Comptroller of the Currency. If you are a homeowner or know a friend or neighbor whose primary residence was part of a foreclosure action between January 1, 2009 and December 31, 2010, and whose home loan was serviced by one of 27 participating mortgage banks, you MAY be eligible for an Independent Foreclosure Review.

The Independent Foreclosure Review will determine whether individual borrowers suffered financial injury and should receive compensation or other remedy because of errors or other problems during their home foreclosure process.

The Independent Foreclosure Review is a free service. Beware of anyone who asks you to pay a fee for any foreclosure review service.

For a list of participating mortgage lenders/servicers, and to request an independent review of your mortgage loan, please visit http://www.independentforeclosurereview.com/, or call 1-888-952-9105. Please note that your Request for Review form must be postmarked or submitted to the independent review administrator by no later than July 31, 2012.

If you have additional questions regarding this initiative, please feel free to call Birgit Wood, TRIP Housing Counselor, at (518) 690-0020 ext. 226. Please make sure to reference the Independent Foreclosure Review when calling.