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Wednesday, March 7, 2012

Free Assistance--Independent Foreclosure Reviews

Consumer Credit Counseling Service of Buffalo (CCCS Buffalo) announced today that they will be offering assistance with Independent Foreclosure Reviews.

Specifically, they will help borrowers who went through home foreclosure in 2009 and 2010 and still have questions about the process. These borrowers may be eligible for a free review and possible compensation.

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 and 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 is ready to help any of those who have received letters.

Consumer Credit Counseling Service of Buffalo, Inc. can assist with completing and filing forms and respond to any questions or concerns about the process. Please call a Certified Financial Counselor at (716) 712-2060 Ext. 299 or visit our website, www.cccsbuffalo.org. for further assistance. CCCS Buffalo is ready to help any of those who have received letters or feel that they may be eligible for a free review.

Requests for reviews must be received by the review administrator by July 31st.

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