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Hello folks, and thank you for tuning in once again to the ADR-NOW! Internet Radio Webinar. I am your host, Anthony Johnson.
In this episode, we will talk about the Independent Foreclosure Review process and how you should structure your claim to maximize your award. Last November, banking regulators, including the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System launced a process to force the big banks to compensate homeowners victimized by their foreclosure abuses. Many crucial details remain unclear, but officials have noted that the financial framework remains unclear as to what might be offered as compensation for robo-signing. The framework only says that compensation in cases where the servicer didn't properly document the right to foreclose will be "determined on a case-by-case basis as state law dictates."
The OCC attorneys could give no further information about the robo-signing compensation.
Contact us at A. Johnson & Associates, LLC, 888-502-0586 for more in depth analysis.
DISCLAIMER: We are not attorneys. We are not engaged in rendering legal advice. We are Alternative Dispute Resolution Practitioners. If legal advice is required, the assistance of a competent, qualified legal professional should be obtained.
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