Ron Littlefield | March 8, 2009
We are providing information about state foreclosure laws. This information is designed to help you understand the process in each state. However, legal information is not legal advice. We are not giving legal advice. The laws of every state are different and frequently change. If necessary, seek legal or professional advice according to your situation.
We [...]
Ron Littlefield | March 8, 2009
The following are legal defenses to foreclosure to beat the bank:
1. Truth in Lending Act (TILA) violations enabling rescission. If your loan is a refinance, the bank must have provided you a set of disclosures at the time of closing. If these disclosures are inaccurate, the loan is statutorily rescindable under TILA. For example, [...]
Ron Littlefield | March 7, 2009
Many homeowners are wondering what President Obama’s $75 billion foreclosure plan will mean for them. The Plan’s executive summary clearly states the problems that the Obama administration foreclosure plan is designed to address:
Due to falling property values, many homeowners cannot refinance into mortgages with lower interest rates.
Nearly six million homeowners are facing foreclosure, primarily due [...]