Is Your Lender on the List? Your Check Could Be in the Mail!

In April  2013, checks were mailed from the Comptroller of the Currency to borrowers whose homes were in foreclosure and were serviced by 13 banks their affiliates or subsidiaries. The payment ranged  from several  hundred dollars to $125,000. As of January 2015 more than 3.4 million of these checks had been cashed. The rest of the checks have now expired.  Nearly 600,000 of the checks remain outstanding. Replacement checks are being issued.

Borrowers whose mortgages were serviced by one of the 13 servicers that entered into agreements in January 2013 or by GMAC Mortgage should call Rust Consulting, Inc. with questions at 888-952-9105, Monday through Friday between 9:00 a.m. and 8:00 p.m. EST or Saturday between 11:00 a.m. and 4:00 p.m. EST.  Borrowers who had a mortgage serviced by EverBank should contact the paying agent for that agreement, Epiq Systems, with questions at 877-819-9754. For more information, vist this press release from the Comptroller of the Currency.

Posted on March 11, 2015 .

Top 10 Consumer Complaints in 2013 – Consumer Federation of America

Full Report Available Here

1. Auto: Misrepresentations in advertising or sales of new and used cars, lemons, faulty repairs, leasing and towing disputes

2. Home Improvement/Construction: Shoddy work, failure to start or complete the job.

3. Credit/Debt: Billing and fee disputes, mortgage modifications and mortgage-related fraud, credit repair, debt relief services, predatory lending, illegal or abusive debt collection tactics.

4. Retail Sales: False advertising and other deceptive practices, defective merchandise, problems with rebates, coupons, gift cards and gift certificates, failure to deliver.

5. Services: Misrepresentations, shoddy work, failure to have required licenses, failure to perform.

6. Utilities: Service problems or billing disputes with phone, cable, satellite, Internet, electric and gas service.

7. Landlord/Tenant: Unhealthy or unsafe conditions, failure to make repairs or provide promised amenities, deposit and rent disputes, illegal eviction tactics.

8. Home Solicitations (tie): Misrepresentations or failure to deliver in door-to-door, telemarketing or mail solicitations, do-not-call violations.

8. Internet Sales (tie): Misrepresentations or other deceptive practices, failure to deliver online purchases.

9. Health Products/Services: Misleading claims, unlicensed practitioners, failure to deliver.

10. Fraud: Bogus sweepstakes and lotteries, work-at-home schemes, grant offers, fake check scams, imposter scams and other common frauds.

Posted on October 15, 2014 .