Shocking information reveals TILA fraud violations still occurs in most foreclosure matters and powerful defenses to challenge foreclosures.
FOR IMMEDIATE RELEASE / PRURGENT
(Atlanta, GA) -- Majority of mortgage lenders fail to even make a judicial appearance on the record to conduct foreclosures, oppose to simply sending attorneys on their behalf. Often there is no fact witness appearing on the record to give testimony in foreclosure cases. Mortgage Cancellation Secrets today announced to reveal TILA fraud foreclosure defenses. Exposing TILA fraud violations still are occurring in most foreclosure matters.
Homeowners experiencing financial problems are often denied loan modifications, facing foreclosures, and have upside down mortgages (owe more than the property is worth). A foreclosure typically remains on a credit report for up to 7 (seven) years. Which the mortgage borrower can expect to receive a tremendous drop in their credit score. Making it hard to obtain credit or having to pay much higher rates to obtain credit.
Mortgage Cancellation Secrets Forms:
In 2013, there were 15 mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing, who reached an agreement in principle with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to provide approximately $10 billion in cash payments and other assistance to help borrowers.
Securitization of mortgage loans is a process where many mortgage lenders can conceal the identity of who is actually the true mortgage lender funding the mortgage loan at closing. A new foreclosure defense is to raise the argument that TILA fraud violations occurred at loan origination closing table.
Truth in Lending Act (TILA) of 1968 is a United States federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.
The TILA "three-year statute of limitation" can be challenged with the involvement of fraud. Allowing borrowers who didn't Rescind and Cancel before the deadline of three years. When fraud is involved this vitiates the mortgage loan contract entirely.
The mortgage loan is canceled by operational law the moment notice is given to rescind and cancel. Which requires the lender to return all payments including interest and void enforceable security interest within 20 days.
Mortgage Cancellation Secrets Forms offers a step-by-step method to rescind and cancel a mortgage loan contract for TILA fraud violations.
This forms system was developed by Kyle Ransom from his success as a best-selling author on Amazon and Barnes & Noble of Wall Street Mortgage Cancellation Secrets - What Smart Rich People Don't Tell and Big Banks Will Steal To Not Let You Know, financial blockbuster hit.
The site has become the go-to digital media platform to learn how-to rescind and cancel mortgage loans. Visitors to the site can access instructional preparation forms for instant download.