JACKSONVILLE (ActionNewsJax.com) -- If your home was in any state of foreclosure in 2009 or 2010, you could be eligible for up to $125,000 dollars worth of mortgage assistance.
The Federal Reserve Board and the Office of the Comptroller of the Currency will review foreclosures during that time period to see if borrowers suffered "financial harm" from errors, misrepresentations, or other problems during the foreclosure process. The deadline for homeowners to see if they qualify and apply had been the end of September, but Congresswoman Corrine Brown has successfully lobbied to push the deadline back to December 31st, 2012.
She feels it's important because only 5% of eligible homeowners are taking advantage of this program--and she wants to give you time to apply.
“When I saw this program was not getting a sufficient response, I called on my colleagues in Congress to intervene,” Brown said. “With the help of Representatives Barney Frank, Maxine Waters, Mel Watt and Brad Miller, I met with regulators to demand extension of the deadline, robust outreach to the hardest hit communities, and accountability for servicers who fail to ensure adequate participation."
To learn more about the program, you can call 1-888-952-9105 or visit the link on the left-hand side of this page.