Deed in Lieu Of Foreclosure Mortgage Cancellation Secrets

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 to agree to allow a Deed in Lieu of foreclosure a good thing. However, there are many factors to consider and we will go over them. Advantages The borrower is often considered the big winner in a Deed in Lieu of foreclosure situation and this all depends on what theRead More →

Bankruptcy TILA Fraud Violations Mortgage Cancellation Secrets 1

(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 on and even evicted later down the road. If homeowners and bankruptcy attorneys would get educated on TILA fraud violations and RESPA more foreclosure situations could be resolved in bankruptcy matters. What’s very sad is that many homeowners only file for bankruptcy protection because they have fallen beyond in theirRead More →

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 to undo the event requires a Judgment against the event that occurred. TILA Rescission Usually, the mortgage lender will just send a letter to the homeowner, stating that the TILA rescission is rejected as untimely and denied. However, the Supreme Court of the United States ruled that TILA rescission is a nonjudicial remedyRead More →

(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 companies  subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing, who reached an agreement in principle with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to provide approximately $10 billion in cash payments and other assistanceRead More →