Foreclosure

questions & answers

Question: I lost my home to foreclosure back in 2010.I have received a payment from the mortgage relief settlement fund. I want to know if I can seek legal action to file a claim for further compensation. I lost over $100,000( my down payment) when I lost my home. A bank that was part of the settlement was my lender. Thank you.

Answer: According to the National Mortgage Settlement Fund, accepting payment from the settlement fund does not relinquesh an individual borrower's rights to bring legal action against a bank.  There is also another settlement/lawsuit brought by the Office of the Comptroller of Currency.  For more information see the FAQ page of the National Mortgage Settlement website at www.nationalmortgagesettlement.com/faq.

QUESTIONS

  • I lost my home to foreclosure back in 2010.I have received a payment from the mortgage relief settlement fund. I want to know if I can seek legal action to file a claim for further compensation. I lost over $100,000( my down payment) when I lost my home. A bank that was part of the settlement was my lender. Thank you.

STORIES

  • I just helped my mother, age 89, deal with her Medicare HMO. . .
  • He told me that I could actually get all the money I needed by using my home as collateral. . .
  • I just helped my mother, age 89, deal with her Medicare HMO. . .

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