All homeowners who believe they have claims against one of the entities listed on EXHIBIT “A” qualify to participate in the motion to appoint a committee. There is no cost to any participant and if the committee motion is granted the debtor in this case, Residential Capital and subsidiaries will pay for the committee expenses pursuant to 11 U.S.C. § 503(b)(4).
Claimants that have lawsuits pending have standing to participate in this motion. Further homeowners who believe that they have claims, including illegal foreclosure, but do not have a lawsuit pending may still qualify. For more details click here.
For more information, you may contact:
Robert Brown 212-766-9779