Posted on: 01st May, 2013 02:23 am
Hi there… I received an independent foreclosure review check but haven’t cashed it till now. I don’t know what I have received this. Will it be illegal if I cash it?
Hi Nyn,
If your property has been foreclosed during 2010 - 2011, then only you will receive the foreclosure review check. Many lenders were at fault while foreclosing the properties during this time. The check is an compensation for that error. So, you can cash out the check without any issues.
Thanks,
Jerry
If your property has been foreclosed during 2010 - 2011, then only you will receive the foreclosure review check. Many lenders were at fault while foreclosing the properties during this time. The check is an compensation for that error. So, you can cash out the check without any issues.
Thanks,
Jerry
Hi Nyn!
Welcome to the forums!
You can cash in the check. If you have received the check, then it means that lenders did not follow the rules while foreclosing your property. As Jerry has said, the money is being given to you as a compensation for that error.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
You can cash in the check. If you have received the check, then it means that lenders did not follow the rules while foreclosing your property. As Jerry has said, the money is being given to you as a compensation for that error.
Feel free to ask if you've further queries.
Sussane