Fannie Mae and Freddie Mac Update COVID-19 Mortgage Forbearance Guidelines

By MCS12

Many homeowners who needed to refinance their Fannie Mae and Freddie Mac mortgage loan or even buy a new home were all left in limbo because of the COVID-19, Coronavirus pandemic. Leaving most mortgage borrowers with not knowing what to do next about the uncertainty of refinancing or purchasing a new home. Fannie Mae and Freddie Mac announced…

Stop A Manhattan Foreclosure In 10019 Zip Code

By MCS12

(For informational purposes only and not intended as legal advice or legal consulting.) Do you have a Clinton or Chelsea, 10019 zip code foreclosure lawsuit? If so this is now the highest concentration of foreclosures in Manhattan! Surprisingly, there were 20 first-time foreclosures last year in the 10019 zip code, which represented 13% of the…

Win A New York Foreclosure Raising Lack Of Standing Defenses

By MCS12

(The following is for information purposes and not legal advice) First thing, if you have a pending foreclosure in New York you need to act fast. If you do nothing, the lender will win and you will lose.  “Just that simple, do nothing you 100% will lose!” Having a foreclosure in New York is a…

FHA Loan Credit Score Qualifications, Do This To Get Approved Faster

By MCS12

An FHA Loan is a smart solution to obtain financing to purchase a home. However, you need to have the right credit score to meet all the qualifications to be approved faster. This is because all FHA loans are issued by an approved lender and insured by the Federal Housing Administration (FHA). These loans are…

Deed in Lieu Of Foreclosure, What You Need To Better Understand

By MCS12

The following information is not legal advice and should not be used as legal advice, please consult an attorney for legal advice.  A Deed in Lieu of Foreclosure has advantages and disadvantages. Generally, lenders don’t often offer a Deed in Lieu of foreclosure to homeowners. Some homeowners or real estate investors, consider getting a lender…

Bankruptcy TILA Fraud Violations, RESPA Foreclosure Help

By MCS12

(The following is not legal advice or meant to be utilized as legal advice)  Bankruptcy is often used by many homeowners to stop their mortgage foreclosure in the United States. Most often bankruptcy doesn’t exactly stop the foreclosure from happening forever, it’s simply a delay tactic. Where many homeowners even after filing bankruptcy are foreclosed…

Why Lenders Have No Legal Standing Against TILA Rescission

By MCS12

Not legal advice, for informational purposes only. TILA rescission is effective by optional law, the moment it is sent to the lender. So, what does all this really mean for mortgage loan contracts? Once a letter to rescind and cancel a mortgage loan contract is sent, an event has occurred that can’t be easily undone. So…

How-to Use TILA Fraud Violations To Cancel Mortgage Interest Payments Forever 

By MCS12

(This is not legal advice, for informational purposes only). What if you could cancel every single mortgage interest payment for the life of your loan forever? How about also being able to completely erase your mortgage loan entirely??  “Bet that really got your attention?”  Cancel Mortgage Interest Payments  Back in 2013, there were 15 mortgage servicing…