If you were in foreclosure in 2009 or 2010 and the bank improperly foreclosed upon your home, today might be your lucky day. More than 2 million homeowners were in this predicament and they can now ask for a review of their case to find out whether the bank followed the law. Homeowners who are eligible should receive a letter from their bank explaining the process- though you should call your bank if you think you might have been affected.
The mortgage servicers are going to hire independent auditors to review the cases. They will determine whether homeowners are due compensation for foreclosures that did not adhere to the law. This review will also include homeowners who were denied loan modifications when they should have been eligible.
Imagine getting a check from a bank after they improperly foreclosed upon your home. Crazier things have happened, but I just can't think of what they are.
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