I finally found out how many families are getting compensated according to the Federal Reserve’s website that they just updated FederalReserve.Gov.
Under the section – Borrowers Covered Under The Payment Agreement it states:
Borrowers whose mortgage loan was serviced by one of the thirteen participating servicers and who were involved in a foreclosure action on their primary residence between January 1, 2009, and December 31, 2010, will receive compensation. Borrowers are included, whether or not they filed a request for review form. Borrowers are not required to take any additional steps to receive payments.
So all of us that did what we were suppose to do, and spent our time and money to get together the review request, and mail it. Were just giving the bank and government another way to just waste time and spend our money; over $2 Billion!!!
What A Disgusting Farce This Country Has Become! I will be holding my breathe in anticipation for the money that I am sure will in no way cover the theft that JPMorgan Chase Bank and its servicer, Chase Home Finance did to my family; but trust me, as soon as I get a check, I’ll post immediately the outcome!