GMAC, SunTrust, HSBC, and EMC borrowers can now complain directly to the Federal Reserve. It certain situations they may even be awarded financial compensation. Read the article for details:
Robo-signed foreclosures have recourse WASHINGTON – Nov. 1, 2011 – The Federal Reserve Board announced today that some borrowers who think lender robo-signing hurt them during foreclosure can complain directly to the Federal Reserve.
The independent reviews apply to ex-homeowners who went through foreclosures serviced by four large mortgage service firms: GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage and EMC Mortgage Corporation. Click here for the full article