this article, about $1 billion in Independent Foreclosure Review settlement checks
remain uncashed. The checks are only valid for 90 days. Checks issued
in April have started expiring. If you've received an IFR check, but
haven't cashed it, then be sure to cash it before it expires.
While some articles I've read indicate that the uncashed checks may
be a form of protest against the entire IFR fiasco, I'm not so sure.
More likely is that most of the uncashed checks never made it to the intended
recipients. If a homeowner never submitted any paperwork when the IFR
was in its earliest stages, then it's highly likely that the only
address on file is the address of the foreclosed-upon home. You know,
the one that the homeowner left years ago. The odds of that person receiving
the check? Slim to none.