The U.S. Treasury has begun, on November 1, 2011, sending out letters to homeowners, who were foreclosed on during 2009 and 2010, to provide them with information regarding a free audit of their foreclosure and possible compensation if the foreclosure was improperly conducted.
The process is slow and results are not immediate, but it expected that more than 3 million letters will go out to homeowners over the next few months.
Most of the big banks and foreclosure companies entered into a consent agreement as a result of an investigation and a consent order issued by the U.S. Treasury, Office of Comptroller. The consent order was issued in April of 2011.
For more information visit the Comptroller's website: http://www.occ.treas.gov/