Wells Fargo's "Independent" Review

I got my $500 dollar check from the independent foreclosure review.  Its about $ 500 more than I expected so that is great.  However, based on the OCC schedule of payments it suggests I should be compensated by $6000.  Whatever, this whole mess is comical at this point.  I made a mistake earlier when I connected the Independent Review and the Mortgage Settlement (negotiated by the states attorney generals).   The are 2 separate processes.  I would have applied to the Mortgage Settlement as well if I had understood this.  The deadline has passed.  I understand that since they are separate you could receive payments from both.  The mortgage settlement also includes money given to states to offer loan modifications, reduce principal (rare) and complete modifications.

 

Filed under: Housing, Mortgage

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