Posts Tagged ‘Foreclosures’

Las Vegas Foreclosures and Robo-Signing

Friday, November 4th, 2011

In most recent news, it has been announced that an independent group of consultants along with federal bank regulators will be looking into homes that were foreclosed upon by 14 major lenders between January 1, 2009 and December 31, 2010. Anyone keeping up with the real estate market knows that Las Vegas foreclosures were numerous during that specific timeframe.

After various complaints and suspicions, further investigations decided to be conducted to uncover any foul play by the lenders and their employees. Many of these corporations are being accused of “robo-signing,” the illegal processing and obtaining of signatures on foreclosure documents quickly without going through the proper procedures.

If, after thorough review of these foreclosures, the lender is found to have repossessed a home without going through the proper channels, former homeowners may be entitled to compensation.

Homeowners who lost their homes between the dates of January 1, 2009 and December 31, 2010 with 1 of the 14 listed lenders being investigated who believe that their primary residence was unfairly foreclosed upon can call 1-888-952-9105 and request a form to fill out and return no later than April 30, 2012. If the complain meets the requirements, more action will be taken to determine compensation.

For additional information such as the list of lenders and call center hours head to independentforeclosurereview.com.



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