Foreclosure victims help: 4 million may be entitled to damages

If your primary residence was foreclosed by any of 24 loan servicing companies sometime between January 1, 2009 and December 31, 2010, you should watch your mail.  You should be getting a letter telling you that you may be entitled to damages if the servicing company did not follow proper procedures.

At the urging of federal regulators these 24 loan servicers have hired outside consultants to determine damages (if any) and appropriate compensation.   Regulators claim to have taken steps to make sure that the consultants are truly independent.

You can see a list of the companies participating, get detailed info on what procedures the servicer may have failed to take, and how to apply for compensation at Independent Foreclosure Review.  You can also call 888-952-9105.

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