Volunteers Needed (New Haven Region)
The Real Options, Overcoming Foreclosure Project (ROOF), is is a
nonprofit collaboration working to prevent and mitigate the effects of
foreclosures on families and communities in South Central Connecticut.
1. Invite ROOF staff to come speak at your community meeting, organization, or event.
2. Post and distribute informational flyers in libraries, city halls,
schools, grocery stores, social service centers, on community boards,
etc. in the region. (Great opportunity for a supervised youth group, or
club to get involved with their community, acquire service hours, and
make a difference in the lives of thousands of Connecticut families.)
3. Donate your skills and technical assistance to The ROOF Project. The
ROOF Project is currently looking for assistance with marketing, website
design, graphic design, video projects, etc. (Great 'resume builder'
for high school and university students!)
4. Have another idea? Contact The ROOF Project, we would love to hear from you!
(203) 789-8690 ext. 124 - Karah@gnhclf.org
Foreclosure is a traumatic, stressful and isolating event that triggers
feelings of helplessness, failure, hopelessness, and distress. The ROOF
Project's goal is to connect homeowners with the free and trustworthy
resources that will give them the best opportunity to save their homes,
while teaching them about the many foreclosure related scams and how to
*To see a list of our leaders and partners, or learn more about The ROOF Project, visit, http://www.theroofproject.org
Sept. 18, 2012 was the last free foreclosure prevention clinic in the series. Stay tuned for updates on future clinics! Call (203)789-8690 x125 for any questions or to get in contact with a HUD & CHFA certified housing counselor.
of Governors of the Federal Reserve System,
Office of the Comptroller of the Currency
FOR IMMEDIATE RELEASE
August 2, 2012
Request Independent Foreclosure Review Extended to December 31
Borrowers seeking a review of their mortgage foreclosures under the
federal banking agencies' Independent Foreclosure Review now have until
December 31, 2012, to submit their requests.
The Office of the Comptroller of the Currency (OCC) and the Board of
Governors of the Federal Reserve System (Federal Reserve) today announced
that the deadline for submitting requests for review under the Independent
Foreclosure Review has been extended. The new deadline provides
additional time for borrowers to request a review if they believe they
suffered financial injury as a result of errors in foreclosure actions on
their homes in 2009 or 2010 by one of the servicers covered by enforcement
actions issued in April 2011.
The deadline extension provides more time to increase awareness about the
Independent Foreclosure Review and how eligible borrowers may request a
review, and to encourage the broadest participation possible. The agencies
will work with the servicers to expand their outreach and marketing efforts
through the end of the year to encourage as much participation as possible.
As part of enforcement actions issued in April 2011, the agencies required
14 large mortgage servicers to retain independent consultants to conduct a
comprehensive review of foreclosure activity in 2009 and 2010 to identify
borrowers who may have been financially injured due to errors,
misrepresentations, or other deficiencies in the foreclosure process. If the
review finds that financial injury occurred, the borrower may receive
remediation such as lump-sum payments, suspension or rescission of a
foreclosure, a loan modification or other loss mitigation assistance,
correction of credit reports, or correction of deficiency amounts and
records. Lump-sum payments can range from $500 to, in the most
egregious cases, $125,000 plus equity, according to guidance issued by the
Requesting a review does not preclude borrowers from taking other actions
related to their foreclosures. A servicer is not permitted to require a
borrower to sign a waiver of the borrower's ability to pursue claims against
the servicer in order to receive compensation under the Independent
There are no costs associated with being included in the review. More
information, including how to apply online, is available at http://www.independentforeclosurereview.com
# # #
Office of the Comptroller of the Currency (OCC) charters and oversees a
nationwide system of national banks and federal savings associations and
assures that these banking institutions are safe and sound, competitive, and
capable of serving the banking needs of their customers in the best possible
manner. OCC press releases and other information are available at http://www.occ.gov.
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Did you miss yesterday's Homeowners Mortgage Assistance event? Don't worry! Call Karah or Brianna at (203) 789-8690 x124 or x125 and we will get you set up with a free HUD & CHFA-certified housing counseling agent.