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Dane County Foreclosure Prevention Taskforce

Addressing foreclosures in Dane County, WI through prevention, intervention and stabilization

Dane County Foreclosure Prevention Taskforce - Addressing foreclosures in Dane County, WI through prevention, intervention and stabilization

$9.3 Billion in Payments and Foreclosure Assistance to Begin in April 2013

On March 18, 2013, more than 4.2 million people were sent postcard notices about payments they will receive as a result of an agreement between federal banking regulators and 13 mortgage servicers. As a result of this agreement, the Independent Foreclosure Review ceased at those servicers. A full list of companies and their affiliates or subsidiaries covered by the agreement are listed below.

The agreement provides $3.6 billion in cash payments to borrowers covered by the agreement. Borrowers covered by the agreement include those whose primary residences were in any stage of the foreclosure process in 2009 or 2010 and whose mortgages were serviced by one of the participating servicers.

Payments are expected to range from a few hundred dollars to $125,000. By accepting the payment, borrowers do not waive any legal claims against their servicer and may pursue additional actions related to their foreclosure. Continue reading

Mortgage Settlement Fund Notice Coming Soon

Wisconsin Borrowers Who Lost Homes to Foreclosure May be Eligible for Payment

Attorney General J.B. Van Hollen announced that approximately 26,400 Wisconsin residents who lost their homes to foreclosure between January 1, 2008, and December 31, 2011, soon will receive important information about how to file a claim for payment under the national mortgage settlement.

To be eligible, residents must have had mortgages serviced by one of the five following banks that participated in the settlement:

  • Bank of America
  • Citi
  • Wells Fargo
  • JP Morgan Chase
  • Ally/GMAC

Continue reading

Bilingual Foreclosure Answer Clinic – 1st and 3rd Thursdays

What:    Bilingual Foreclosure Answer Clinic – a FREE walk-in legal clinic – Help available in English and Spanish. Ayuda disponible en español también.

Who:      For homeowners who have received a Foreclosure Summons and Complaint

When:    11:00 am – 1:00 pm, 1st and 3rd Thursday of each month

Where:   City-County Building, 3rd floor, 210 Martin Luther King Jr. Blvd., Madison, WI

Cost:      FREE!

Contact:        Please contact us at (608) 261-5677 or send an email to help@daneforeclosurehelp.org for more information Continue reading

Free Independent Foreclosure Review Program Deadline Approaching

Were you in foreclosure in 2009 or 2010?  You may be eligible for compensation or other remedy.

If your primary residence was involved in a foreclosure process between January 1, 2009 and December 31, 2010, you may qualify for a free Independent Foreclosure Review.

The Independent Foreclosure Review will determine whether individual borrowers suffered financial injury and should receive compensation or other remedy because of errors or other problems during their home foreclosure process.

If you believe you are eligible to participate in the program, you may complete and submit a Request for Review Form. It is important that you complete the form to the best of your ability; all information you provide can be useful.

All Requests for Review Forms must be submitted online or postmarked no later than December 31, 2012.

Submit a Request for Review Form online. Get started now!

  • Step 1:  Check your eligibility
  • Step 2:  Complete the Request for Review Complaint Form
  • Step 3:  Submit your completed for and  print a copy for your own records

To be eligible, you must have been a customer of one of the mortgage servicers listed below.

Select your mortgage servicer: (Not sure who your servicer is?)

The Independent Foreclosure Review is free.  

Watch out for scams – there is only one official Independent Foreclosure Review.  Beware of anyone who asks you to pay a fee for ANY foreclosure review service, including completing the Request for Review Form.

For help completing the form or to have questions answered, call 1-888-952-9105 Monday through Friday, 8 am – 10 pm ET, & Saturday, 8 am – 5 pm ET

Llame al 1-888-952-9105 para hablar con un representante que le podrá brindar gratuitamente traducciones de la información que le envió la Revisión Independiente de la Ejecución Hipotecaria y responder a sus preguntas acerca de la Revisión Independiente de la Ejecución Hipotecaria o completar el Formulario de Solicitud de Revisión.

The Independent Foreclosure Review is monitored by federal bank regulators, the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, to ensure a fair and impartial process.