If You Attempted a Loan Modification, a Short Sale, or tried a Workout Program or gave back the Bank/Lender your home, via a Deed-In-Lieu, within the past 2 years, you may be entitled to a Financial Settlement from your Bank or Lender regardless whether your attempt was successful or not.
What is this about?
This is a program that could pay YOU for violations your Bank/Lender or Mortgage Company may have made when you attempted any form of Loss Mitigation or tried to save your home from Foreclosure. This is a little known Government Act that outlines service and response metrics that the Banks and Lenders must adhere to when they process these request. If they do not comply, the Act state that the homeowner is entitled to financial compensation as the Bank / Lender is penalized for those violations.
This applies to anyone who attempted a Loan Modification, tried a Workout Program with the Bank/Lender, did a Short Sale or gave the property back with a Deed-in-Lieu. It is time frame sensitive. Any of these options had to be started after January 10,2014, or at least in process as of January 10, 2014, and going forward. There are conditions for Loan Modifications that began prior to that date and you continued to live in the property going forward into January 10, 2014 to also be considered for this program.
This program costs nothing out of pocket or to apply to find out if you're entitled to any Compensation. The benefits are purely financial to you. There are NO guarantees that any violations will be found, however each violation is worth $2,000 and based on what we have seen so far, the average file has between 5 - 10 violations. Since it is worth it to at least see if any violations occurred why not call now to get the the process moving forward.
I am sure you may have more questions or want to know what is involved, so please do not hesitate to contact our office and ask for more information. Hit our contact button and provide the necessary initial request and we will email you back the flyer with answers to most questions and the initial start-up form.
Trevana Properties is a placement company working with a variety of hedge funds, REIT's, commercial banks, specialty boutique lenders, private investors and other funding sources not widely known to the general public.