Tuesday, July 31, 2012

If you were wrongly foreclosed on, you could be entitled to $125,000+ from the banks that harmed you. Why is the media not talking about this more?

There have only been a few articles in the news on this. Here is one from Huffington and here is one from a random site I could not find much more.
The payout amounts of the review are listed in this pdf. People can get up to $125K + lost equity in their home + correction of credit report. This could change so many peoples lives! But no one is covering it.
If you or someone you know were foreclosed on in 2009 or 2010, please go to this site and file a complaint (edit: yes it looks like a scam site, but according to some of the comments here, that is what the banks want you to think). It only takes a few minutes and could mean $125K.
For more information please read this from the OCC or this from the Federal Reserve
If we can make this big, the media outlets will have to cover it even if the banks are trying to stop them
This pdf from the Government Accountability Office (GAO) shows how the banks have not informed the public enough about this investigation (thanks Toquen for the link)

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