Matthew T. Berry Bankruptcy Law Blog on Lawyers.com

Are Georgia Homeowners Entitled to Compensation Under the New Federal Foreclosure Program?

Friday, November 4, 2011 by Matthew T. Berry

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This week the federal government announced a new program whereby
homeowners in foreclosure in 2009 and 2010 can request independent foreclosure
reviews. According to an article in the Atlanta Journal-Constitution, it is
believed that 14 loan servicing companies, including the largest operating in
Georgia, unfairly or illegally foreclosed upon homeowners during the two year
time period.

The program outlines an appeal process for homeowners who feel
they have been financially harmed during foreclosure. This appeal process will
provide homeowners a much needed way to seek the restitution they deserve.
Unfortunately, the details of the program and ultimately the results are not clear
at this point. It may take some time to determine if Georgia homeowners are
being compensated fairly.

The bankruptcy attorneys at Berry &
Associates recognize it is our job to stay informed and monitor such federal
foreclosure programs, and the impact they have on GA foreclosure law. If you
are facing foreclosure or overwhelming credit card debt, call our experienced
Chapter 7 and Chapter 13 lawyers today. 
We help residents across North Georgia, including those living in
Fulton, DeKalb, Cobb and Cherokee counties.
 
Posted at 14:47 PM
Topic: Bankruptcy
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