Toll-free hotline to get your foreclosure reviewed!

Yesterday I posted about the launch of mandated reviews for up to 4 million people who suffered foreclosures from big lenders in 2009 and 2010.   We already have an important update, there is also a toll free number you can call to inquire about getting your own foreclosure review in process.

The regulators and lenders realized that the notification letters might not reach everyone who has suffered foreclosures, since the have likely moved.

To get your foreclosure case reviewed, you must submit your information by April 30, 2012.  The toll free number is 1-888-952-9105 and there is also a website you can go to for information.

The mortgage servicers whose foreclosures are eligible for review include the nation’s largest banks, such as Bank of America Corp., Wells Fargo & Co., J.P. Morgan Chase & Co. and Citigroup Inc.

Banking industry officials insist that the review is likely to find few borrowers who were harmed financially. But regulators outlined several kinds of errors that could have impacted borrowers and require compensation.

Those include: homeowners who lost their homes to foreclosure even though they were protected by bankruptcy court, borrowers who were charged improper fees or those who lost their homes even though they were in the process of getting a loan modification to lower their monthly payments.

Regulators are also seeking to find cases in which active-duty members of the military were thrust into foreclosure in violation of a federal law that bans such actions. – WSJ