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Take that, and that, you mortgage lender

By Cathy Moran

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It was a good day at my desk, if one has to work on Saturdays.

  • I gave notice that one client was rescinding a $180,000 mortgage for Truth in Lending violations.
  • I found three clients whose second deeds of trust can be eliminated as liens on homes because they are completely underwater.
  • I sent out three Qualified Written Requests under RESPA to lenders whom I suspect have played games with the servicing on my client’s mortgages.

My conclusion about the mortgage meltdown is that there is not one universal approach to getting clients some breathing room on their mortgage debt, but there are a number of approaches that can lessen the pain borrowers are feeling, and raise the odds these people can keep their homes.

 

Image courtesy of Wikipedia

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  • Tax Fallout from Foreclosure & Loan ModificationTax Fallout from Foreclosure & Loan Modification
  • Chapter 13:  Know Who Gets Paid First Under Your PlanChapter 13: Know Who Gets Paid First Under Your Plan
  • Bankruptcy Alphabet: R is for RetirementBankruptcy Alphabet: R is for Retirement

Filed Under: Real property & mortgages

About Cathy Moran

I'm a veteran bankruptcy lawyer and consumer advocate in California's Silicon Valley. I write, teach, and speak in the hopes of expanding understanding of how bankruptcy can make life better in a family's future.

Bankruptcy Basics

About The Soapbox

You’ve arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said “try”).

Here, I allow myself to tell stories and express strong opinions. We dig deeper into how to consider bankruptcy and navigate a bankruptcy case.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

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