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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

More from the Soapbox

  • Why Your Mortgage Lender Won’t Send Statements After BankruptcyWhy Your Mortgage Lender Won’t Send Statements After Bankruptcy
  • Make Sure Your Mortgage Is Current At Bankruptcy’s EndMake Sure Your Mortgage Is Current At Bankruptcy’s End
  • Know What You Really Owe: Your Mortgage Loan RightsKnow What You Really Owe: Your Mortgage Loan Rights
  • Fix Mortgage Troubles After Chapter 13Fix Mortgage Troubles After Chapter 13
  • What You Don’t Know (Yet) About Your Mortgage LoanWhat You Don’t Know (Yet) About Your Mortgage Loan

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.

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 on how I think law should work for the consumer and small businesses when it comes to debt.

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

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