The problems with the independent foreclosure review settlement checks keep coming. Most recently, it’s been exposed that over 400,000 settlement checks have been mailed to the wrong addresses. This blunder comes after other foreclosure settlement checks bounced, or we issued for far less than what the homeowner was owed. It’s unfortunate that so many homeowners who were wrongfully foreclosed on are still having to deal with the mistakes of the lenders.

One question that many homeowners who have received checks have asked our attorneys is “Can I still Sue My Mortgage Company for illegal foreclosure or predatory lending even though they sent me a settlement check?” The answer varies depending on when your home was foreclosed on. If your home was foreclosed on within the past 3 years, you can still file a lawsuit against your lender even if you received a settlement check in the mail.

For homeowners who were foreclosed on over three years ago, mortgage litigation is no longer an option due to the statute of limitations in the state of California.

Should You Cash the Check?

Cashing the check will not make any difference in the recourse options that you will have. You can cash the foreclosure settlement check and still take legal action against your lender for actions they took during the foreclosure process. Our firm has helped homeowners sue mortgage lenders such as Bank of America, Chase, Wells Fargo, and Ocwen.

If you think that you may have a case against your mortgage company, we can offer you a free legal consultation today. Our expert foreclosure attorneys in Los Angeles will evaluate your potential case, determine what options are available, and let you know what types of fees are associated with moving forward.

Find an Attorney in Los Angeles

Call our Los Angeles office today for your free consultation with a foreclosure attorney who will give your case the attention that it deserves. Our foreclosure lawyers have helped homeowners recover hundreds of thousands of dollars and can help you too.