The deadline is rapidly approaching to for millions of homeowners to be compensated if they were harmed during a foreclosure process. The cutoff to submit a free, foreclosure review is midnight.
Now this just applies for people who went through foreclosures or loan modifications in 2009 and 2010.
One woman we spoke to has already filled out her application, and right now she's waiting for a refund. When Avis Ridley found out her home was going into foreclosure, she exhausted every option out there.
"I fought hard to get a loan modification," said Ridley.
The working mom was able to go through the neighborhood assistance corporation of America to submit her application, but other homeowners have been slow to respond. Out of the four-million notices sent to homeowners, only about 400, 000 have applied for reviews. At first, Ridley wasn't even sure if the notice was legit.
"It was - I was apprehensive because I had gotten letter and I had seen letter, and I thought there was just another company out there," said Ridley. "Then I got notice from NACA so I said okay, this seems to be legit. It seems to be okay if it's going through NACA because they've done a wonderful job with my modification."
The review stems from an agreement between federal bank regulators and mortgage servicers - including banks.
"They want this to work because a foreclosure an institution is very expensive," said Virginia Capital Real-Estate Broker, Brian Liggan. "They (banks) lose money every time. A foreclosure is just something they don't want to happen."
As Ridley does everything she can to keep her home of nine years, she hopes she can move others to make the same decision she did.
"If I could help somebody, that would be a great thing - I would love to," said Ridley noted.
It's still not too late to submit an application. Compensation could range anywhere from hundreds to more than $100,000.
To submit your request online, click here.
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