Even if you are unable to make your monthly payments, do not assume the bank has the right to foreclose on your home! The bank must have pr ...
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Defend Foreclosure and Win
Get More Time
If you have been served a foreclosure lawsuit and need more time to evaluate your options, file a "Motion to Extend Time." This motion will ...
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How to Answer
A lawsuit is a legal action filed by a party seeking to enforce his or her legal rights. A foreclosure action is one whereby a lender seeks ...
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Countrywide Will Pay $108 Million for Overcharging Struggling Homeowners; Loan Servicer Inflated Fees, Mishandled Loans of Borrowers in Bankruptcy
Added on: 07-06-2010 by: tdoucet
Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will be used to reimburse overcharged homeowners whose lo
HUD's Due Diligence Requirements Pre-Foreclosure; Max Attorneys Fees
Added on: 06-06-2010 by: tdoucet
Use this letter as a defense to foreclosure by arguing that it creates a condition precedent to foreclosing. The borrower should argue that they are a third party intended beneficiary of the contract between the lender and HUD. This applies to FHA loans, Freddie and Fannie offer similar guidelines under Volume 2b, Exhibit 57a (Oct. 6, 2006) and Part III Sec. 303, respectfully.
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