The bank must answer your questions about the loan and agreement; however, they don’t want to because the answers may reveal mistakes fraud, misrepresentations, unjust enrichment and a host of Truth in Lending disclosure violation and violations or other law like RESPA, HOEPA, Fair Debt Collection Practices Act, etc…. However, they are required to answer your “Qualified Written Requests” and this can be used in your foreclosure or pre-foreclosure situation to bring the bank to the bargaining table.
There are special rules or special rights that apply to different types of mortgages that when used properly can to help stop a foreclosure. There are special rules and rights that apply to variable rate mortgages, fixed rate mortgages, FHA, VA, and RHS mortgages and special workout options with Fannie Mae, Freddie Mac, HUD, VA, and RHS mortgage situations and tactics for the negotiation of pre-foreclosure workout agreements.
You can stop bankers, creditors and debt collectors from foreclosing and taking your home and property. There are typically numerous violations of the law in mortgage agreements closings and pre mortgage settlement activities. Don’t let the mortgage company get away with taking your home when you may have thousands of dollars due you in refunds and damages because of the mortgage company’s and debt collector’s mistakes and wrong doings.
It is estimated by government studies that over:
40% of homeowners are due refunds over $1,400
20% of the refunds that are due range between $3,000 up to more than $9,000 or more
12% of people show own homes are due a refund of over $9,000
65% of escrow accounts are in violation or federal law because of holding balance overcharges.
Filed under overcharges by admin
If there are violations in your mortgage agreement you can force the lender to re-write your mortgage agreement and this time to your benefit and not the mortgage company’s benefit. When your mortgage is re-written it may include a significantly reduced principle and interest rate because of awards and refunds you are due as a result of the damages you receive because of the bank violations of the law in your situation.
The categories, pages and posts on this site contain little known tips, tricks and information concerning foreclosures and predatory lending practices that bankers’ finance companies, creditors and debt collectors do not want you to know about.