Legal Defenses to Foreclosure
Posted by admin in November 25th, 2009
Posted in: National, State, Local Tags: Bank 1, Breach Of Contract, Closing Date, Disclosures, Equity Protection Act, Estate Settlement, Finance Charge, Foreclosure Action, Foreclosure Process, Home Ownership And Equity Protection Act, Initial Rate, Kickbacks, Legal Defenses, Lenders, Money Damages, Proceeds, Rescission, Settlement Procedures, Substantial Money, Truth In Lending, Truth In Lending Act
Posted in: National, State, Local Tags: Bank 1, Breach Of Contract, Closing Date, Disclosures, Equity Protection Act, Estate Settlement, Finance Charge, Foreclosure Action, Foreclosure Process, Home Ownership And Equity Protection Act, Initial Rate, Kickbacks, Legal Defenses, Lenders, Money Damages, Proceeds, Rescission, Settlement Procedures, Substantial Money, Truth In Lending, Truth In Lending Act
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, [...]