Short Sale Nightmare: Seller & Buyer sued by Fannie Mae & MERS

July 14, 2011 By 1 Comment

SHOCKER!!   Buyer of a short sale doesn’t own the property he just purchased (or does he?).  Seller of the short sale paid off the wrong party (or did he?). The below email was sent to Neil Garfield at Living Lies.  Sadly this is not shocking at we know of two other lawsuits where the seller [...]

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Federal Reserve looking to shut down TILA rescission power

December 3, 2010 By 1 Comment

This is another sad example of the strength of mortgage bankers as well as their deep reach into our government. In an article by Tony Pugh title “Fed wants to strip a key protection for homeowners” he outlines changes the Fed plans on making to the Truth in Lending Act.   Namely castrating mortgage borrower’s ability [...]

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How to Stop a Foreclosure on a Refinance Loan

April 5, 2010 By Leave a Comment

Truth in Lending Act (TILA) was does it mean to you? A friend of mine who works inside a a large bank sent this to me and asked how effective this is in Texas in stopping foreclosure. The answer is…VERY effective if the homeowner knows how to handle the steps involved in breaking your home [...]

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Free mortgage audit for Veterans!

November 11, 2009 By 3 Comments

In honor of Veterans Day and all our military members have done for this great country will are providing all Veterans with a free mortgage audit today. A mortgage audit is a forensic analysis of your Loan Application, the Good Faith Estimate, the Truth in Lending Statement, Note, Deed of Trust, HUD-1 closing statement and [...]

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