from realtybiznews.................
"An estimated 4.5 million foreclosure cases are set to be reviewed involving both current and former homeowners, with banks set to pay compensation to anyone who is found to have been wronged
Eligibility for the foreclosure reviews – which will be executed as part of a new mandate federal regulators have to the country’s banks – will be limited to those homeowners whose homes were in foreclosure from 2009 until 2010 only. The reviews will look into abnormalities such as mortgage payment miscalculations by the banks, or banks charging inappropriate fees as penalties, and if anything like this is found then homeowners may well be compensated for the mistakes"..............READ MORE
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