Borrowers nationwide who think they were financially harmed during the mortgage foreclosure process in 2009 or 2010 may request an independent review and potentially receive compensation. The deadline for filing applications has been extended until December 31, 2012.
Foreclosures
Foreclosure mitigation approaches assessed by GAO
The U.S Government Accountability Office (GAO) recently released a comprehensive report on the effectiveness of a variety of types of foreclosure mitigation efforts. About 4 million single-family mortgages were modified in the U.S. between 2009 and 2011 to help borrowers avoid foreclosure.