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http://quiettitleaction.com

 

Rescission and Quieting Title

What is a Quiet Title action?

Regarding the context of property nanced through a mortgage loan that has been rescinded thelegal action to remove the lien is known as Quieting Title. This is an operation of law. A Quiet Title

action is a Court procedure that is reuired in order to get a Court !rder conrming that theprocedures undertaken by the homeowner in performing rescission was done in accordance with

 Truth "n #anding Act. Thus$ when the %& day reuirement for the mortgage lender fails to tenderrst the the title should be free and clear of any liens or encumbrances by operation of law.

Quiet Title is a method of taking adverse possession$ 'basically changing the title 'deed( of theproperty from one person to another person without buying it but taking control though legalaction.

"t is a means of involuntary transfer by operation of law.

An action to uiet title is a lawsuit led to establish ownership of real property 'land and

buildings a)xed to land(. The plainti* in a uiet title action seeks a court order that prevents therespondent from making any subseuent claim to the property. Quiet title actions are necessarybecause real estate may change hands often$ and it is not always easy to determine who hastitle to the property.

The homeowner shall have the right to rescind

According to Title +, - +/, 'a( the obligor 'homeowner( shall have the right to rescind thetransaction and 0see - +/, 'b(1 when an obligor exercises his right to rescind under subsection'a( of this section$ he is not liable for any nance or other charge$ and any security interest givenby the obligor$ including any such interest arising by operation of law$ becomes void upon such arescission. 2ithin %& days after receipt of a notice of rescission$ the creditor shall return to the

obligor any money or property given as earnest money$ down payment$ or otherwise$ and shalltake any action necessary or appropriate to re3ect the termination of any security interestcreated under the transaction. "f the creditor has delivered any property to the obligor$ theobligor may retain possession of it. 4pon the performance of the creditor5s obligations under thissection$ the obligor shall tender the property to the creditor$ except that if return of the propertyin kind would be impracticable or ineuitable$ the obligor shall tender its reasonable value.

 Tender shall be made at the location of the property or at the residence of the obligor$ at theoption of the obligor. "f the creditor does not take possession of the property within %& days aftertender by the obligor$ ownership of the property vests in the obligor without obligation on hispart to pay for it. The procedures prescribed by this subsection shall apply except whenotherwise ordered by a court.

 Tender shall be made at the location of the property or at the residence of the obligor'homeowner($ at the option of the obligor.

"n our opinion when it comes to rescission if the lender does not respond to the rescission letterwithin the %& day reuirement to tender$ ownership of the property vests in the homeownerwithout obligation on his part to pay for it and title can be transferred to the homeowner byoperation of law in a uiet title action.

"n real estate terms$ title is the right of ownership and possession of a particular property$ so touiet title means to take legal action to settle a title dispute. A title dispute can arise when thereare con3icting claims of ownership over a piece of property. Therefore$ in a uiet title action$ a

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court proceeding removes a 6cloud6 or possible encumbrance on the title to real property tormly establish in law ownership of the property. Thus$ this action would 6uiet6 any challengesor claims to the title.

7or more information8 9stablish !wnership Quiet Title

Bank Fraud is gainst the !aw

Along with the exceptionally low interest rates of recent years has come an unfortunate

companion8 bank fraud. The commercial noise of all the competing lenders in the homemortgage loan market often obscures the very real problem of bank fraud. "f you:ve recentlytaken on a mortgage or are thinking of renancing your home$ it:s critical that you are aware ofthe inherent dangers of borrowing money.

 Though bank practices are most prevalent among those with lower incomes$ the tactics areextend to all consumers. "t:s important to educate yourself in order to avoid being taken ininadvertently. Anyone using the right terminology and o*ering great rates can appear to be alegitimate banking;related business$ but beware the many signs of those who are simply lookingto defraud you and your family.

Among some of the most common warning signs of bank fraud are the following8 excessive fees$

severe prepayment penalties$ 6<ield =pread >remiums$6 which are kickbacks to brokers$ and loan3ipping. This is the common practice of repeated renancings on one home. These transactionsgarner the broker?lender repeated prots from closing fees and more$ but are of no benetwhatsoever to the borrower.

Foreclosures Break ll"Time #igh

@any consumers with AR@ 'adustable rate mortgage( loans are beginning to have the pricereset to a higher monthly payment and inevitably$ some of the buyers can:t handle these higherpayments.

 The problem with these loans$ is that when home values goes down$ it takes all options awayfrom the property owner as far as renancing goes. The borrower has no euity.

"n e*ect$ they:re locked into a that loan. Adding to the problem is that the real estate market iscurrently soft and people who are falling behind on their payments are nding it almostimpossible to keep their homes.

@ost of these AR@ loans were given to consumers at the closing table. 2here the borrowerthought he was getting a /& year xed mortgage he was getting an adustable rate mortgage.2hen the interest rate increases it is a total surprise and the borrower and he?she cannot a*ordthe higher payment and falls behind. The lender starts to foreclose and the borrower is in troubleand may lose the home. for more information.

Banks to =eie !ne @illion Domes in %&+%

http://quiettitleaction.com is here to educate consumers and to help victims recovertheir losses and keep their homes. $% &ou are a victim o% 'ank %raud or predator&lending( it is possi'le to sue &our lender %or %ree clear title and mone& damages. Weshow &ou how to stop %oreclosure and sue &our lender.

$t is possi'le to )nd out i% &ou have 'roker %raud and/or T$! violations with a simple*+ minute phone call.

We 'elieve that i% &ou don,t know &our rights( &ou don-t know &our options.

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http://quiettitleaction.com

ction to Quiet Title

A proceeding to establish an individual:s right to ownership of real property against one or moreadverse claimants.

An action to uiet title is a lawsuit led to establish ownership of real property 'land and

buildings a)xed to land(. The plainti* in a uiet title action seeks a court order that prevents therespondent from making any subseuent claim to the property. Quiet title actions are necessarybecause real estate may change hands often$ and it is not always easy to determine who hastitle to the property.

A uiet title suit is also called a suit to remove a cloud. A cloud is any claim or potential claim toownership of the property. The cloud can be a claim of full ownership of the property or a claim ofpartial ownership$ such as a lien in an amount that does not exceed the value of the property. Atitle to real property is clouded if the plainti*$ as the buyer or recipient of real estate$ might haveto defend her full ownership of the property in court against some party in the future. Alandowner may bring a uiet title action regardless of whether the respondent is asserting a

present right to gain possession of the premises.7or example$ assume that the seller of the property agreed to sell but died before the sale wasnalied. Assume further that the seller also gave the property to a nephew in a will. "n such asituation$ both the nephew and the buyer have valid grounds for ling a suit to uiet titlebecause each has a valid claim to the property.

 The law on uiet title actions varies from state to state. =ome states have uiet title statutes.!ther states allow courts to fashion most of the laws regarding uiet title actions. 4nderC!@@!E #A2$ a plainti* must be in possession of the property to bring a uiet title action$ butmany state statutes do not reuire actual possession by the plainti*. "n other states possessionis not relevant. "n some states only the person who holds legal title to the real estate may le a

uiet title action$ but in other states anyone with su)cient interest in the property may bring auiet title action. Fenerally$ a person who has sold the property does not have su)cient interest.2hen a landowner owns property subect to a mortgage$ the landowner may bring a uiet titleaction in states where the mortgagor retains title to the property. "f the mortgagee keeps the titleuntil the mortgage is paid$ the mortgagee$ not the landowner$ would have to bring the action.

 The general rule in a uiet title action is that the plainti* may succeed only on the strength of hisown claim to the real estate$ and not on the weakness of the respondent:s claim. The plainti*bears the burden of proving that he owns the title to the property. A plainti* may have less thana fee simple$ or less than full ownership$ and maintain an action to uiet title. =o long as theplainti*:s interest is valid and the respondent:s interest is not$ the plainti* will succeed inremoving the cloud 'the respondent:s claim( from the title to the property.

A lawsuit to establish a party:s title to real property against anyone and everyone$ and thus6uiet6 any challenges or claims to the title. =uch a suit usually arises when there is someuestion about clear title$ there exists some recorded problem 'such as an old lease or failure toclear title after payment of a mortgage($ an error in description which casts doubt on the amountof property owned$ or an easement used for years without a recorded description. An action foruiet title reuires description of the property to be 6uieted$6 naming as defendants anyonewho might have an interest 'including descendants;;;known or unknown;;;of prior owners($ andthe factual and legal basis for the claim of title. Eotice must be given to all potentially interestedparties$ including known and unknown$ by publication. "f the court is convinced title is in theplainti* 'the plainti* owns the title($ a uiet title udgment will be granted which can be recorded

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and thus provide legal 6good title.6 Quiet title actions are a common example of 6friendly6lawsuits in which often there is no opposition.

From Wikipedia( the %ree enc&clopedia

An action to uiet title is a brought in a court having urisdiction over land disputes$ in order toestablish a party:s title to real property against anyone and everyone$ and thus 6uiet6 anychallenges or claims to the title.

 This legal action is 6brought to remove a cloud on the title so that the plainti* and those inprivity with him?her may forever be free of claims against the property.

 This lawsuit is also sometimes called a Try title$ trespass to try title$ or eectment action 6torecover possession of land wrongfully occupied by a defendant.6 Dowever$ there are slightdi*erences. "n an eectment action$ it is typically done to remove a tenant or lessee in an evictionaction$ or an eviction after a foreclosure. Eonetheless$ in some states$ all terms are usedsynonymously.

rounds %or a quiet title action or complaint

"t comprises a complaint that the ownership 'title( of a parcel of land or other real property isdefective in some fashion$ typically where title to the property is ambiguous G for example$ where

it has been conveyed by a uitclaim deed through which the previous owner disclaims allinterest$ but does not promise that good title is conveyed. =uch an action may also be brought todispel a restraint on alienation or another party:s claim of a non;possessory interest in land suchas an easement by prescription.

ther t&pical grounds %or complaint include:

• adverse possession where the new possessor sues to obtain title in his or her own nameH

• fraudulent conveyance of a property$ perhaps by a forged deed or under coercionH

•  Torrens title registration$ an action which terminates all unrecorded claimsH

• treaty disputes regarding the boundaries between nationsH

• tax taking issues$ where a municipality claims title in lieu of back taxes owed 'or a

subseuent purchaser of land at a tax sale les action to gain insurable title(H

• boundary disputes between states$ municipalities$ or private partiesH

• surveying errors

• competing claims by reverters$ remainders$ missing heirs and lien holders 'often arising in

basic foreclosure actions when satised liens are not properly discharged from title due toclerical or recording errors between the county clerk and the satised lien holder(

!imitations

4nlike acuisition through a deed of sale$ a uiet title action will give the party seeking suchrelief no cause of action against previous owners of the property$ unless the plainti* in the uiettitle action acuired its interest through a warranty deed and had to bring the action to settledefects that existed when the warranty deed was delivered.

!ne has to be careful about talking about uiet title actions in the context of registrationsystems. Quiet title actions really have no applicability where a registration system is in place$having been wholly replaced by the registration statutes. Quiet title actions derive in commonlaw urisdictions from a common law euitable cause of action by the same name. "n many

 urisdictions they have been supplemented or replaced by a statutory cause of action$ which may

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or may not have the same legal elements of the common law action. 2here dealing withstatutory uiet title it is more appropriate to talk about actions in the nature of uiet title.

Quiet title actions do not Iclear titleJ completely. They are actions for the purpose of clearing aparticular$ known claim$ title defect$ or perceived defect. Contrast title registration which settlesall title issues$ both known and unknown. Quiet title actions are always subect to attack and areparticularly vulnerable to urisdictional challenges$ both subect matter and personal$ even yearsafter nal court decree in the action. "t usually takes /; months depending on the state where itis done.

A uiet title action is also subect in many a Feographic Kurisdiction$ to a =tatute of #imitations. This limitations of action is often +& or %& years.0citation needed1

Quiet Title

An euitable action to determine all adverse claims to the property in uestionH a suit in euitybrought to obtain a nal determination as to the title of a specic piece of propertyH such a suit isusually the result of various individuals asserting contradictory rights to the same parcel of land."n such a situation$ the court$ in order to prevent a multiplicity of suits$ will bring all interestedparties together to determine the right and ultimately issue an inunction. +L E.2. //M$ /L+. A6uiet title6 action is distinguished from an action to remove cloud on title. The latter is brought

to determine and resolve problems of instruments conveying a particular piece of land$ ratherthan to resolve the actual claims to that land.

For more in%ormation a'out the Right o% Rescission: http8??mortgage;home;loan;bank;fraud.com?legal?RightNofNrescission.htm

0reliminar& 1onsultation Form: http8??mortgage;home;loan;bank;fraud.com?tilaNservicesNapp.html

http://quiettitleaction.com is here to educate consumers and to help victims recovertheir losses and keep their homes. $% &ou are a victim o% 'ank %raud or predator&lending( it is possi'le to sue &our lender %or %ree clear title and mone& damages. We

show &ou how to stop %oreclosure and sue &our lender.$t is possi'le to )nd out i% &ou have 'roker %raud and/or T$! violations with a simple*+ minute phone call.

We 'elieve that i% &ou don,t know &our rights( &ou don-t know &our options.

Right o% Rescission/Right to 1ancel

 The Right to Cancel or the Right of Rescission is a right given to borrowers within Regulation O of

the Truth in #ending Act. =ometimes known as a 6cooling o* period$6 the right of rescission givesborrowers of certain types of loans three business days 'in some cases three years( to cancel theloan and to receive a full refund on any money they:ve already paid up front. "t:s an extremelyimportant right$ and one that every borrower should be aware of in advance of signing loanpapers.

As experts in mortgage document auditing and with seven years of experience we strive to makesure consumers are informed of their rights before they get into trouble. "n this currentcountrywide foreclosure epidemic$ for instance$ it:s easy to get over excited about reducing yourmortgage payments and fall prey to a bad lender. Regulation O and the Right of Rescission letsyou take a couple of days to make sure your decision is the right one.

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 The Right of Rescission also applies to personal loans you may agree to that use your home ascollateral. The law gives you that crucial extra time to reconsider the loan or to even considerother options for nancing. "t:s eually important to know that the Right of Rescission does notapply in the case of loans for purchasing or building your primary residence$ or when you:rerenancing with the lender who currently holds the mortgage on your home.

 The following is a list of fees and nance charges and refunds that the broker must comply with. <ou will also be able to keep all funds transferred into your account and if the broker pays o*your old mortgage you get free clear title.

Rescission 7ees Credit

+. 7inance Charges including all 7inance Charges already accruedH

%. All closing costsH

/. =ecurity interest chargesH 9ven if it is part of the amount nanced as opposed to a nancechargeH

L. All other charges incurred for the actual credit transactionH

• @embership fees

• Commitment fees

• Appraisal fees

• =urvey fees

• Broker fees

• Credit report fees

• 7iling fees

•  Title search fees

• Attorney fees

,. Any money given as earnest money$ down payment or otherwiseH

. Credit any payment made on the entire loanH

P. All cost incurred outside of the credit transaction must be refunded or else they become anactual damage.

=ee an example right to cancel %orm.

7ailure to comply is automatic violationH +, 4=C - +L& with %&&.&& to %&&&.&& penalty perviolation at courts discretion depending on severity of the liability.

The right to rescission is granted '& 23 4.5.1. 6 27839a. 5ection 27839'( as itcurrentl& reads( details the procedure to 'e %ollowed:

'b( 2hen an obligor exercises his right to rescind under subsection 'a( of this section$ he is notliable for any nance or other charge$ and an& securit& interest given '& the o'ligor(including an& such interest arising '& operation o% law( 'ecomes void upon such arescission. 2ithin ten days after receipt of a notice of rescission$ the creditor shall return to theobligor any money or property given as earnest money$ down payment$ or otherwise$ and shalltake any action necessary or appropriate to re3ect the termination of any security interestcreated under the transaction. "f the creditor has delivered any property to the obligor$ the

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obligor may retain possession of it. 4pon the performance of the creditor:s obligations under thissection$ the obligor shall tender the property to the creditor$ except that if return of the propertyin kind would be impracticable or ineuitable$ the obligor shall tender its reasonable value.

 Tender shall be made at the location of the property or at the residence of the obligor$ at theoption of the obligor. "f the creditor does not take possession of the property within ten days aftertender by the obligor$ ownership of the property vests in the obligor without obligation on hispart to pay for it.

+, 4.=.C. - +/,'b( '+P(. 4nder the +M& amendments to the Truth;in;#ending Act$ the ten dayperiods referred to in - +/,'b( have been changed to twenty days. Also$ a sentence was addedat the end of the section which states8 6The procedures prescribed by this subsection shall applyexcept when otherwise ordered by a court.6 >ub.#.Eo.;%%+$ L =tat. +/%$ +P, 'codied at +,4.=.C. - +/,'b( '=upp. "S +M&((. These amendments do not take e*ect until !ctober +$ +M%.

1ase !aw ;2< Powers v. Sims and Levin, 3=* F.*d 2*27 'Lth Cir. +P($

Congress recently amended the Act so as to make this interpretation even more obvious. Aspreviously stated$ see note + supra$ Congress added a sentence to - +/,'b( which provides$6't(he procedures prescribed by this subsection shall apply except when otherwise ordered by acourt.6 >ub.#.Eo.;%%+$ L =tat. +/%$ +P, 'codied at +, 4.=.C. - +/,'b( '=upp. "S +M&((. "ndiscussing this provision$ the =enate Report states8

4pon application by the consumer or the creditor$ a court is authoried to modify this section:sprocedures where appropriate. 7or example$ a court might use this discretion in a situation wherea consumer in bankruptcy or wage earner proceedings is prohibited from returning the property.

 The committee expects that the courts$ at any time during the rescission process$ may imposeeuitable conditions to insure that the consumer meets his obligations after the creditor hasperformed his obligations as reuired under the act.

=.Rep.Eo.;/M$ th Cong.$ +st =ess. % '+P($ reprinted in +M& 4.=.Code Cong. Ad.Eews%/$ %L;,. Congress has therefore explicitly approved the application of euitable principles tothe right of rescission granted by the Act.

1ase !aw ;*< French v. Wilson$ LL 7.=upp. %+ 'U.R.".+PM(

@oreover$ the 7ifth Circuit has uestioned the continuing validity of the =osa case insofar as itholds that rescission need not be conditioned upon a return of the creditor:s property. "n Rollins v.Uwyer$ 777 F.*d 2=2 ',th Cir. +M%($ the 7ifth Circuit noted8

 The state court cited this Court:s decision in =osa v. 7ite$ => F.*d 22= ',th Cir. +PL( asauthority for relieving the obligors of the obligations of tendering the loan proceeds. "n view ofFerasta v. Dibernia Eational Bank$ 3@3 F.*d 3+ ',th Cir. +PM($ the correctness of this ruling isdoubtful$ at best.

7.%d at +LL n.,. AC

Consumer protection laws are out there$ but as you can see$ they don:t protect everyone in everycase. To learn more about your rights and you legal options if you need them$ contact the Bank7raud Sictim Center today. =imply ll out our free preliminary audit form below or call us at L&+;/L;LP+P. <ou can also email our friendly sta* at 'ank%raudDcoE.net

For more in%ormation a'out the Right o% Rescission: http://mortgage"home"loan"'ank"%raud.com/legal/Righto%rescission.htm

5ee lso: The Truth in !ending ct and Rescission

0reliminar& udit Form: http://mortgage"home"loan"'ank"%raud.com/tilaservicesapp.html

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http://quiettitleaction.com is here to educate consumers and to help victims recovertheir losses and keep their homes. $% &ou are a victim o% 'ank %raud or predator&lending( it is possi'le to sue &our lender %or %ree clear title and mone& damages. Weshow &ou how to stop %oreclosure and sue &our lender.

$t is possi'le to )nd out i% &ou have 'roker %raud and/or T$! violations with a simple*+ minute phone call.

We 'elieve that i% &ou don,t know &our rights( &ou don-t know &our options.

Bank Fraud Gictim 1enter

 re &ou a victim o% 0redator& !ending or

Hortgage 'roker Fraud?...

 

• Are you unable to Renance your @ortgageV

• Uid you get an in3ated appraisalV =ee This

• 2ere you charged single premium insuranceV

• 2ere you charged Digh 7eesV

• Are you being locked in by >repayment >enaltiesV

• 2ere you charged <ield;=pread >remiumV

• Uid your mortgage note get securitiedV 'if it did it is worthless and uncollectable( =ee

 This

 There are many di*erent ways that banks$ lenders and brokers can trick homeowners into givingup their homes.

 There is a legal remedy to recover Truth "n #ending Act violation nes$ void the lenders securityinterest in the property and collect money damages.

 <ou may be a victim of >redatory #ending >ractices...7ind out more about how your Broker or#ender may have violated the Truth in #ending Act and other consumer protection laws...Click onthis link8 http8??mortgage;home;loan;bank;fraud.com?report.html

Dave you ever thought of challenging the lending process as a scamV 

"s your Bank or @ortgage #ender 7oreclosingV <ou may be a Sictim of >redatory #ending7oreclosure Click Dere

 The 9normous Clouded Title >roblem

7or a free preliminary consultation C#"CW D9R9

Banks to 5eiIe ne Hillion #omes in *+2*

RealtyTrac "nc. released data that indicates a possible %,X increase in property repossessions inthe next year. Banks to =eie

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!ur mission is to educate homeowners about predatory lending practices and bank fraud and thelegal options available to them. 2e believe that if you don:t know your rights$ you don5t knowyour options.

2e are not a mortgage elimination company. 2e help homeowners who are victims of predatorylending and bank fraud.

2e are the leaders in document auditing and predatory lending litigation and defense. And anauthority on the subect of predatory lending practices$ foreclosure defense$ consumer protectionand debtor5s rights.

2e are a)liated with trained attorneys all over the 4nited =tates.

Foreclosure #elp

Foreclosure #elp

re &ou a victim o% a 0redator& !ending Hortgage Foreclosure?

Delp is available to borrowers who have claims against their lenders for violating the Truth in#ending Act and other laws regulating credit transactions. =uch violations may be a defense to amortgage foreclosure. "f there is a violation$ you may be able to void the mortgage and apply+&&X of your payments to principal. <ou may also be able to recover money damages.

 Jou 1an 5top Foreclosure and 0ut The !ender on The Ce%ense

 To recover on a promissory note$ the plainti* 'the #ender in the case of foreclosure( must prove8'+( the existence of the note in uestionH '%( that the party sued signed the noteH '/( that theplainti* is the owner or holder of the note in due courseH and 'L( that a certain balance is due

and owing on the note.0redator& !ending 1laims vaila'le to Borrowers in Foreclosure

"n handling mortgage foreclosure cases around the country$ attorneys and paralegals should beaware that in addition to your state mortgage foreclosure laws$ which is the main statute that isrelied on by attorneys defending a foreclosure suit$ a variety of defenses exist at both at federaland state levels. These statutes$ however$ focus more on the lending practice of the lenderrather than on the ability of the client to pay. Solunteers should therefore pay attention to thenuances between laws listed below and gure out whether the mortgage company has engagedin illegal lending practices.

Ce%ense o% Hortgage Foreclosure

@any lawyers and udges have long assumed that if a mortgage company seeks to foreclose$ thedefendant probably owes the money and has no defense. "n fact$ as recent publicity concerningthe widespread problem of predatory lending has made clear$ many mortgage lenders overreach"n a substantial portion of residential mortgage foreclosures$ the homeowner has a valid defenseto at least part of the claim. 9ither they are not in default at all...

5tate Foreclosure $n%ormation

"f you develop a denite plan of action with well;timed$ well;informed steps$ you can stop theforeclosure process and save your home. To learn about your state:s foreclosure process$ clickon your state below.

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#4C: 0redator& !ending

Are you a victim of predatory lending practices there are 7ederal agencies that can help...

Ce'tors Rights

A federal statute known as the 7air Uebt Collection >ractices Act 'often called the 67UC>A6( givesyou specic legal rights to sue debt collectors who unlawfully threaten$ berate$ intimidate orharass youH call you during odd hours$ make false representations about the the debt or their

intentions$ or otherwise act in ways prescribed by the act 'and their are many(.5ample !egal Cocuments

1lick on item 'elow to open:

Hotion to !i%t utomatic 5ta&

5ample 1omplaint

5ample Hotion %or Foreclosure '& 5ale

5ample Hotion to Reopen

 

Sample Legal Documents

Foreclosure Filing Schedule:

 

You receive a Summons andComplaint...

(The  plaintiff--bank, lender or other creditor--starts the foreclosure

by having a marshal serve the defendant--owner or borrower--witha Summons and Complaint.

Within 2 days of the Return Dateon the Summons...

!ile an "ppearance

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Within 1 days of the ReturnDate on the Summons...

!ile and send an "nswer. #e sure to put a certification of service at

the end of your answer, and that you have sent your "nswer toeveryone who has "ppeared in the case. $ou will need to sign the

certification separately from your signature on the "nswer.

%f you choose foreclosure by sale, file a &otion for !oreclosure by

Sale

OR

 

Within 2 days of the Return

Date on the Summons...

"pply to the court if you think you are eligible for protection based

on temporary unemployment or underemployment

 

SAMPLE COMPLAINT 

ABC MORTGAGE CORP : SUPERIOR COURT

VS. : JUDICIAL DISTRICT OF (YOUR CITY) TERRY HOMEOWNER : Februr! "#$ "%%# 

COMPLAINT

  &. O' Auu* &&$ "%%%$ *+e ,e-e','*$ Terr! H/e0'er$ 0e, *+e P12'*2-- -2-*! *+u', (34%$%%%) ,11r e52,e'6e, b! +2 '*e ,*e, ' 2, ,*e ', 7!b1e * *+e r,er - *+e P12'*2--$ *e*+er 02*+ 2'*ere* * *+er*e - *e' (&%8) 7er6e'* 7er ''u/ ', *e*+er 02*+ 11 6* - 611e6*2'$ 2'61u,2' re'b1e **r'e!9-ee$ 2' *+e e5e'* - -re61ure - *+e /r*e e6ur2' *+e '*e.  ". O' 2, ,*e$ b! ,ee, - *+* ,*e$ *+e ,e-e','*$ Terr! H/e0'er$ * e6ure 2, '*e$ /r*e * *+e

 712'*2-- *+e re1 e**e ,e6r2be, 2' E+2b2* ;A; **6+e, +ere* ', /,e 7r* +ere-. S2, ,ee, 26',2*2'e, u7' *+e 7!/e'* - 2, '*e 66r,2' * 2* *e'r ', 0 re6r,e, ' Auu* &&$ "%%# 2'V1u/e &"$ Pe &#< - *+e S/1162*! L', Re6r,.  #. S2, '*e ', /r*e re *211 0'e, b! *+e 712'*2-- ', *+e ,eb* 2 ,ue ', 0+11! u'72,.  <. T+e ,e-e','*$ Terr! H/e0'er$ + ,e-u1*e, u',er *+e *er/ - *+e /r*e '*e ', ,ee,.  4. A1*+u+ *+e '*e 2 2' ,e-u1* ', ,e/', 0 /,e u7' *+e ,e-e','*$ 2, ,e-e','* + 'e1e6*e,', re-ue, * /=e 7!/e'*.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>WHEREFORE$ THE PLAINTIFF CLAIMS:  &. M'e*r! ,/e ', *+* *+e /u'*$ 1e1 2'*ere* r 7r7er*! 2' ,e/', 2 re*er *+' 3&4$%%%.%%e61u25e - 2'*ere* ', 6*.

  ". S*r26* -re61ure - 2, /r*e$ bu* 2' *+e e5e'* *+* *+e U'2*e, S**e - A/er26 2 7r* ,e-e','* **+e *2/e - ?u,/e'*$ *+e' -re61ure b! 1e.  #. Pe2' - /r*e, 7re/2e.  <. A ,e-262e'6! ?u,/e'*.  4. Su6+ *+er e@u2*b1e re12e- *+e Cur* /! ,ee/ 'e6er!.  . Re'b1e **r'e!9 -ee 611e, -r 2' *+e '*e.  D*e, * S/11 C2*!$ C''e6*26u*$ *+2 "#r, - Februr!$ "%%#

NOTICE

 NOTICE: A 7er' 0+ 2 u'e/71!e, r u',ere/71!e, ', 0+ (-r 6'*2'uu 7er2, - * 1e* *0!er * *+e 6//e'6e/e'* - *+2 -re61ure 6*2') 0'e, ', 66u72e, *+e 7r7er*! be2' -re61e,

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u6+ 7er'9 7r2'6271 re2,e'6e$ /! be e'*2*1e, * 6'*2' re12e- 7r522' u',er C''e6*26u* Ge'er1 S**u*e<>#&W$ /e',e,. Yu +u1, 6'u1* ' **r'e! * ,e*er/2'e !ur r2+* u',er *+2 10. 

THE PLAINTIFF  BY:    J'e De -r   SMITH SMITH PC 

SAMPLE MOTION FOR FORECLOSURE BY SALE 

D6=e* N. ABC MORTGAGE CORP. : SUPERIOR COURT 5. : JUDICIAL DISTRICT OF (YOUR CITY) TERRY HOMEOWNER : MARCH &%$ "%%# 

MOTION FOR FORECLOSURE BY SALE  T 11 6u'e1 ', 7r e 7r*2e - re6r,:  T+e ,e-e','* Terr! H/e0'er /5e *+*$ 2- ?u,/e'* - -re61ure 2 re',ere, 2' *+e b5e e'*2*1e,6*2'$ 2* be -r -re61ure b! 1e. 

THE DEFENDANT$

 BY:(S2'*ure)

PRO SE(Only if you are filing without an attorney)

  NAME ADDRESS  

 ORDER 

  T+e -re2' /*2' +52' bee' +er,$ 2* 2 +ereb! r,ere, GRANTEDDENIED

BY THE COURT$ 

Ju,e - *+e Su7er2r Cur* C1er= CERTIFICATION

T+2 2 * 6er*2-! *+* 67! - *+e -re2' /*2' + bee' e'* *: b! -2r* 61 /21$ 7*e 7re>72, ' *+2 &% - Mr6+$ "%%#.

  

(S2'*ure)

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SAMPLE MOTION TO REOPEND6=e* N. (Copy from judgment)

 ABC MORTGAGE CORP. : SUPERIOR COURT 5.  : JUDICIAL DISTRICT OF (YOUR CITY)

TERRY HOMEOWNER : APRIL "%$ "%%#MOTION TO REOPEN

  T 11 6u'e1 ', 7r e 7r*2e - re6r,:  T+e ,e-e','* 2' *+e b5e e'*2*1e, /**er re7e6*25e1! re7ree'*:  &. O' Mr6+ &4$ "%%#$ *+e Cur* e'*ere, ?u,/e'* - *r26* -re61ure 2'* /e.  ". M! 10 ,! 2 e* -r M! 4$ "%%#.  #. S/e'e + ub/2**e, 6'*r6* * 7ur6+e *+e 7r7er*! -r /re *+' *+e -u11 /u'* I 0e$2'61u,2' 11 6ur* 6* ', -ee. T+e! 0211 'ee, * 1e* % ,! * 61e ' *+e 7r7er*!. A 67! - *+e6'*r6* 2 **6+e, E+2b2* A.

  <. I -ee1 *+* I 'ee, ' ,,2*2'1 % ,! * e11 *+e 7r7er*! ', re,ee/ *+e /r*e.

  THE DEFENDANT$  BY:   (Signature)

  PRO SE (Only if you file without an attorney)

  NAME  

  ADDRESSORDER 

  T+e -re2' /*2' +52' bee' +er,$ 2* 2 +ereb! r,ere, GRANTEDDENIEDBY THE COURT$

  Ju,e - *+e Su7er2r Cur*C1er= 

CERTIFICATION

T+2 2 * 6er*2-! *+* 67! - *+e -re2' /*2' + bee' e'* *:  b! -2r* 61 /21$ 7*e 7re>72, ' *+2 "% - A7r21$ "%%#.

  _____________________________________ 

  (Signature)

 

Sample Counter Complaint See "lso: Sample Combined 'iolations )otification and*ualified +ritten euest' etter

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Sample Combined "Violations Notification and QualifiedWritten Request" Letter  This letter has been edited to protect the clients name and certain proprietaryinformation that is used by the author. 

This letter notifies the Lender that they are in iolation of seeral proisions ofConsumer !rotection ct and the Real#$state !rocedures Settlement ct and%puts them "on notice"

"As a result of Lender’s aforesaid violations, Lender is liable to Borrower in anamount not less than $200.00 and up to $2,000.00 for each and every violationand clear title to property with fitures in fee simple as a result of theaforementioned all with dama!es. he credit transaction is also rescindable." 

 &n this case there are '( iolations )hich means the amount of iolations finesthat may be aailable to the homeo)ner )ould be *+,%---.--

 

!lease read on....... 

$ample Violations Letter/

L!"# #$%&'R( ///////// 

To: 0omecomings !inancial

  1. 2. #o/ 34567

  1hoeni/, "8 4976-4567 

e: (street address  Chester, % 766;;

 <ear Sir or &adam,

 "fter seeking advice of council, it has come to my attention that you are in

violation of several provisions of the Consumer 1rotection "ct and the eal-estate 1rocedures Settlement "ct all at =9 >SC ?=7= et se. and =6 >SC

?67= et se. as more fully set out below. 

&. The year of my loan is @une 6, 6; and is not beyond the statue of

limitations thereof.

 

". % received no signed documents at time of closing or within a

reasonable amount of time of signing.

 

#. ender failed to give to the #orrowers signed copies (#orrower and

ender of the complete loan transaction, as reuired by =9 >SC?=7= et se. within a reasonable amount of time or never during the

entire period of the loan agreement.

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<. oan appears to be an A"lternative &ortgageB as defined by =6 >SC

?;4=, ;46, ;4; et se. 1rovide proof, per #orrowers income andcredit history at time of loan origination, that #orrower could only

ualify for an A"lternative &ortgageB and that this oan meets the

definition of per above and applicable !ederal egulations governingsuch loans.

 

4. The ender did not acuire a >CC-= ien on the property as reuired

by revised "rticle D. The #orrower must sign the >CC-= papers for

the 2riginal oan and each time the )2TE is sold. The #orrowermust sign again for each new assignee.

 

. The #orrower did not sign papers acknowledging receipt of )otice of

the >CC-= ien.

 

. The disclosures made in relation to the consumer credit transaction

were not presented in the manner reuired by law. The disclosures

were not grouped together and were not segregated from everythingelse as reuired by Title =6 Code of !ederal egulations, (reference

!ederal CodeFegulation

 

. There were no interest disclosures provided as reuired by ......

(reference !ederal CodeFegulation

 

. ender failed to give to the borrowers the reuired ; day cool off

period as reuired by egulation 8, 1art ....(reference !ederalCodeFegulation.

 

&%. There was no Good !aith estimate given as reuired by =6 Code of

!ederal egulation, ?667.=4H, =6 >SC ?67= et se. and ....

 

&&. The finance charge, using that term, and a brief description as to the

dollar amount the credit will cost the #orrower was not given, as

reuired by .....

 

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&". ender failed to disclose the amount of its Afinance chargeB because

no disclosure statements were given, using the term AfinancechargeB...(reference !ederal CodeFegulation

 

&#. There was not contained in the loan documents a disclosure of the

total sales price....(reference !ederal CodeFegulation

 

&<. There was no separate disclosure given for the prepayment penalty

as reuired by....(reference !ederal CodeFegulation

 

&4. The #orrower was not given the option....(reference !ederal

CodeFegulation

 

&. There was not statements that the consumer should refer to the

appropriate contract document and clause for information about

nonpayment, default, the right to..... !ederal egulation, ?///.//(p.

 

&. There was no T% disclosure given as reuired by.... Title =6 Code of

!ederal egulations ?///.// and .........(reference !ederalCodeFegulation

 

&. The two reuired statements under =9 >SC ?=7;D(a(=(" and (#

are completely missing.

 

&. The reuired disclosure statements are completely missing under =9

>SC ?///.//......and egulation 8, 1art ///.// et se.

 

"%. ender failed to disclose in or with the disclosure statements, becauseno disclosure statements were given, the amount of the balance to

which the rate was applied and an e/planation of how that balancewas determined. ender further failed to disclose the fact that the

balance is determined by first deducting all credits and paymentsmade as reuired by Title.....(reference !ederal CodeFegulation

 

"&. ender has failed to use the proper forms, approved by the !ederal

eserve #oard, as reuired by egulation 8, 1art 667 et se. and theforms used do not display 2&# numbers.

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"". ender failed to give all the reuired sentences in the unsigned loan

documents as reuired by =9 >SC ?=7= et se. and egulation 8,1art 667 et se.

 

"#. The ender failed to disclose to the #orrower that the finance fee, ifadIusted to ma/imum allowed by the )ote, would be usury asreuired by egulation ......(reference !ederal CodeFegulation

 

"<. ender failed to disclose that the margin added to the inde/ e/ceeded

the amount allowed by =9 >SC ?=76 et se.

 

"4. ender failed to disclose that the detention of any money over the

disclosed amount would amount to usury as reuired by Title =6 Codeof !ederal egulations ?667 et se.

 

". There was no )2T%CE of the ight to escind in the case of usury in

the transaction as reuired by Title =6 Code of !ederal egulations?667.6;.

 

". There was no !2& for rescinding the contract in the event of usury

as reuired by Title =6 Code of !ederal egulations ?667.6;(b(=.

 

". ender failed to disclose to the #orrowers that the settlement fees

could not be a part of the amount financed as reuired by

egulation ....

 

". There were no preliminary disclosures given as reuired by =9 >SC

?=7= et se., egulation .....

 

#%. ender has failed to make the disclosures reuired by =9 >SC ?=7=

et se. and Title =6 Code of !ederal egulation, ?667.=4, clearly and

conspicuously in writing, in a form that #orrowers could keep as

reuired by =9 >SC ?=7= et se. and Title =6 Code of !ederalegulation, .......(reference !ederal CodeFegulation

 

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#&. 0ave, you the creditor, kept evidence of compliance with egulation

8 and the regulation disclosure reuirements for a period of 6 yearsas reuired by Title =6 (reference !ederal CodeFegulation

 

#". 0ave, you the creditor, provided all reuired disclosures to #orrower

when the note was sold, assigned or servicing transferred as reuired

by egulation 8.

 

##. "s a pro/imate result of the foregoing, the #orrower herein has the

right to rescind the entire transaction and have the title to suchproperty restored to its original condition.

 #ecause of this and other reasons that lead me to believe that % may be a

victim of predatory lending. % am disputing the validity of the current debtyou claim % owe. #y debt % am referring to the principal balance claimed

owed, my calculated monthly payment, calculated escrow payment and anyfees claimed to be owed by you or any trust or entity you may represent.

 To independently validate my debt, % need to conduct a complete e/am,

audit, review and accounting of my mortgage loan from its inception throughthe present date. >pon receipt of this letter, please refrain from reporting

any negative credit information Jif anyK to any credit reporting agency untilyou respond to each of my reuests.

 % also reuest that you kindly conduct your own investigation and audit of

my account since it inception to validate the debt you currently claim % owe.% would like you to validate this debt so that it is accurate to the pennyL

 

1lease do not rely on previous servicers or originators records, assurances orindemnity agreements and refuse to conduct a full audit and investigation of

my account. 

% understand the potential abuses by you or a previous servicer could have

deceptively, wrongfully, unlawfully andFor illegally: 

%ncreased the amounts of my monthly payments,%ncreased the principal % owe,

%ncreased by escrow payments,%ncreased the amounts applied and attributed toward interest on my

account,<ecreased the proper amounts applied and attributed toward principal on my

account andFor assessed, charged andFor collected fees, e/penses andmiscellaneous charges % am not legally obligated to pay under my mortgage,

note andFor deed of trust. 

% want to insure you that % have not been a victim of such predatorypractices.

 To insure this, % have authoriMed a thorough review, e/amination, accounting

and audit of my mortgage loan, N/////////, by mortgage auditing andpredatory lending e/perts. This e/am and audit will review my mortgage

loan file from the date of my initial contact, application and origination to thepresent date written above.

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 "s such, please treat this letter as a *ualified +ritten euest (*+ under

the eal Estate Settlement 1rocedures "ct, codified as Title =6 ?679(e(=(#(e and egulation O ?;9.6=(f(6 of the >nited States Code as well as

a reuest under Truth %n ending "ct JT%"K =9 >SC ?=7= et se. ES1"provides substantial penalties and fines for non-compliance or failure to

answer my uestions provided in the attachment to this letter within si/ty(7 days of its receipt.

 

1lease provide me with the documents % am reuesting and a detailedanswer to each within the reuired lawful time frame. >pon receipt of thedocuments and answers, an e/am and audit will be conducted that may lead

to further document reuest and answers to uestions under an additional*+ letter.

 Copies of this *ualified +ritten euest, alidation of <ebt, T%" and reuest

for accounting and legal records, <ispute of <ebt letter are being sent to!TC, 0><, all relevant state and federal agencies, other consumer advocates

and my congressmanFsenator. 

%t is my hope that you can answer my uestions, validate and document mydebt to the penny and correct any abuses or schemes uncovered.

 Since this letter and before, you as the ender, has continued and so

continue, to violate Title =9 >nited States Code, Section =7= et se.,

egulation 8, Title =6 Code of !ederal egulation, 1art 667, =6 >SC ?67= etse., =6 Code of !ederal egulations, part ;9 and ;= >SC ?=D= which

was adopted pursuant to the Consumer 1rotection "ct by failing to properly

make disclosures. 

"s a result of enders aforesaid violations, ender is liable to #orrower in anamount not less thaP6. and up to P6,. for each and every

violation and clear title to property with fi/tures in fee simple as a result ofthe aforementioned all with damages. The credit transaction is also

rescindable. 

Sincerely yours,

 

<ated the QQQQQQ, of QQQQQQQQQQQQQQQQQQ, 65 

 QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ(0omeowners )ame

 

"ttachment: *uestions to be answered and documents to be provided perthis *ualified +ritten euest and alidation of <ebt.

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 Bank Fraud Victim Center

 

%otion to Lift "utomatic Stay Description

 

What is a %otion to Lift the "utomatic Stay) * " creditor may mailyou a copy of document with a title such as &otion 'to ift' or 'to

emove,' or 'for elief from' the "utomatic Stay, or a similar title. The

section of the code dealing with the automatic stay (?;76 will usually beincluded in the title or elsewhere in the document. This motion means

that the creditor is attempting to take the property listed in thedocument.

#ote(  The documents which you receive will usually include a )otice

describing the motion, and, in many cases, the order which the creditor

is asking the court to enter. You have only 1 days from the mailingof the notice in +hich to respond. 

What can , do a-out it)  1ossible responses to the motion dependupon the Chapter under which you have filed and the kind of property in

which the creditor holds a security interest. 

Chapter 3

Chapter =; - eal 1roperty (0ome, andChapter =; - ehicles 

C"/0'R  

The stay under ?;76 prevents creditors from taking taking property such

as your house, car, and personal possessions. The stay is not intended

to allow you to keep secured property in Chapter 3. $ou are entitled tokeep secured property only if you make all of the payments on loanssecured by the property +hen the payments are due, unless the

creditor agrees to other arrangements. The creditor may file the motionbecause of payments you missed before or after the case was filed, or if

you have failed to maintain insurance on the property or if you havedone or failed to do anything else in violation of the contract. 

%f the creditor asks the court to remove the stays, as it is asking in themotion, the court is almost certain to lift the stays. +hile it is possible to

respond to the motion in an attempt to delay the creditorRs action, thiscan be done only at additional e/pense and it is ordinarily not worth that

e/pense. "s stated in the "greement for egal Services, this office does

not respond to these motions unless you meet with your attorney andmake arrangements for these services. 

,f you +ant to eep the property descri-ed in the motion and are

not a-le to immediately mae all re3uired payments4 you shouldimmediately contact your attorney to discuss the possi-ility of

converting to Chapter 15. 

C"/0'R 15 6 Real /roperty 7home8land9 

%t is the stay under ?;76 which allows you to keep this property. 2ncethe stay has been removed, the creditor may proceed with foreclosure.

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%f a trusteeRs sale was previously scheduled, the sale may be conductedimmediately upon the removal of the stay without any further notice to

you. %f the stay is lifted, you will not be able to keep this property unlessyou pay all missed payments (including any which were to be paid by

your Chapter =; 1lan, all of the creditorRs attorneysR fees and costs, andall collection and foreclosure costs. This payment would have to be

made in cash before the foreclosure sale date. %f a sale date waspreviously scheduled, the sale date may have been continued so that the

sale can be conducted immediately upon the removal of the stay without

any further notice to you. 

%t may be possible to prevent the stay from being lifted by filing aresponse to the creditorRs motion. $ou have only fifteen (=9 days from

the service of the notice of the motion in which to file the response. %fyou wish to file a response, you must schedule an appointment with your

attorney immediately. %f regular appointments are not available, ask foran emergency office or phone appointment on a motion to lift stays. 

%f you have not missed any payments to this creditor, you should bringcanceled checks or other evidence showing that you have made each

monthly payment from the time that your case was filed. %f you havemissed payments, we may be able to propose a stipulation with the

creditor to allow you to make the regular payments plus an additionalamount to catch up the arrearage. 

>nfortunately, the creditorRs action will cause you to incur additionalfees. Since this matter was not originally contemplated in your case,

there will be additional attorneyRs fees. The charge to file a response tothe motion is listed in your fee agreement. "dditional charges will apply

if the hourly charge for services e/ceeds this amount. These fees shouldbe paid before your response is filed. The creditor will also e/pect you to

pay its attorneys fees and costs if you keep the property. 

0o eep the property4 you must schedule an appointment +ith

your attorney immediately. $ou should schedule this appointmentright now, even if you cannot pay the response fee at this time. %f you do

not talk with your attorney, a response will not be filed and you may losethe property. 

C"/0'R 15 6 :ehicles 

%t is the stay under ?;76 which allows you to keep this property. 2nce

the stay has been removed, the creditor may proceed to repossess andsell the property in accordance with applicable non-bankruptcy law. 

%t may be possible to prevent the stay from being lifted by filing aresponse to the creditorRs motion. $ou have only fifteen (=9 days from

the service of the notice of the motion in which to file the response. %fyou wish to file a response, you must schedule an appointment with your

attorney immediately. %f regular appointments are not available, ask foran emergency office or phone appointment on a motion to lift stays. 

The most common reasons for motion to remove the stays to be file onproperty being paid for in the plan is a default in plan payments or a

lapse in insurance. %f you are behind in plan payments, it will benecessary for you to catch up in plan payments in order to prevent the

lifting of the stay. %n some cases, this may be done by the filing of amotion to modify your plan. %f your insurance has lapsed, you must

obtain comprehensive coverage on the vehicle naming the creditor as a

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loss payee, and provide evidence, such as the policy cover page, to thecreditor. Even if you address the issue that caused the creditor to file the

motion, you must still file a response to the motion if you seek toprevent the lifting of the stays. 

>nfortunately, the creditorRs action will cause you to incur additional

fees. Since this matter was not originally contemplated in your case,there will be additional attorneyRs fees. The charge to file a response to

the motion is listed in your "greement for egal Services. "dditional

charges will apply if the hourly charge for services e/ceeds this amount.These fees should be paid before your response is filed. The creditor will

also e/pect you to pay its attorneys fees and costs if you keep theproperty. 

0o eep the vehicle or other property4 you must schedule anappointment +ith your attorney immediately. $ou should schedule

this appointment right now, even if you cannot pay the response fee atthis time. %f you do not talk with your attorney, a response will not be

filed and you may lose the property.

Debtors Rights

False Statements an Fra!!lent Debt Colle"tion Pra"ti"es

A -e,er1 **u*e ='0' *+e F2r Deb* C11e6*2' Pr6*26e A6* (-*e' 611e, *+e ;FDCPA;) 25e !u 7e62-261e1 r2+* * ue ,eb* 611e6*r 0+ u'10-u11! *+re*e'$ ber*e$ 2'*2/2,*e r +r !u 611 !u ,ur2' ,,+ur$ /=e -1e re7ree'**2' bu* *+e *+e ,eb* r *+e2r 2'*e'*2'$ r *+er02e 6* 2' 0! 7r6r2be, b!

*+e 6* (', *+e2r re /'!). F1e **e/e'* /! 2'61u,e *+re* *:

A**6+ !ur 0e 0+e' u'10-u1 r '* 2'*e',e,.

T+2 2'61u,e *+re* * *=e /re 0e *+' 2 7er/2**e, b! *+e -e,er1 12/2**2' (0e **6+/e'* -r 6re,2* 6r, ,eb*$ ''>*u,e'* 1' r -r ' b12*2' *+* 2 '* u77r* 2 e'er11! 211e1 2' /'! S**e$+0e5er$ '0 *+* 10 + bee' e7',e, * re'* ', 1ee ,/e 2' /e 6e>!u +u1, 6+e6= *+e **u*e* be ure)

C'*6* !ur e/71!er bu* *+e ,eb*

C11 !u ;e5er!,! u'*21 *+e ,eb* 2 72,;

Se11 *+e ,eb* * '*+er 6/7'! -r *+e 7ur7e - 6'*2'u2' 611e6*2' ' *2/e>brre, ,eb*

C'*6* 'e2+br bu* *+e ,eb*

C'*6* *+e I//2r*2' ', N*ur12*2' Ser526e bu* !ur 12e' **u

T+re*e' 2/7r2'/e'* r 6r2/2'1 7u'2+/e'*

7/23/2019 The Enormous Clouded Title Problem

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Re7r* -2''6e, 5e+261e ;*1e'; be6ue !u /2e, 'e r /re 5e+261e 7!/e'*

F21e r *+re*e' * -21e 6r2/2'1 b, 6+e6= 6+re ' 7* ,*e, 6+e6= *+* *+e 611e6*r 1262*e, -r/ !u

I//e,2*e e526*2' (b! ' e'* -r 1',1r,) 16=u*$ r e2ure - 7er'1 7r7er*! 0+ere u6+ re12e- 212/2*e, b! **e 10

A ,2u2e, *+re* - u2* e.. A 611e6*r re@ue*e, ;e**1e/e'* 7r2r * 72b1e 1e1 6*2'; 0+ere *+e

611e6*2' e'6! +, ' u*+r2*! * ue r * re*2' 6u'e1 0 +e1, b! Fe,er1 D2*r26* Cur* 2'C''e6*26u* * be ,e6e7*25e ', 521*25e - *+e FDCPA.

Here9 'e !u /! '* +5e '*2627*e,: A *+re* 2/71!2' *+* *+e 611e6*2' e'6! + /u1*271e e/71!eer 2'5e*2*r 0r=2' * 611e6* *+e ,eb*$ 0+ere '1! 'e r *0 7e71e 0r= -r *+e e'6!.

T+re* * 611e6* r ue -r ;611e6*2' 6*$; ;**r'e!9 -ee$; (ee 1 be10) 2'*ere* '* 7re>ree, * 2'e6e - *+* 110e, b! **u*e$ ;-2'e$; r '! *+er -ee 2' e6e - *+e 6*u1 /u'* ,ue$ u'1e *+e r22'1ree/e'* 7r52,e -r *+e /u'* *+e 611e6*r *+re*e' * 611e6*. Fr 2'*'6e$ *+e 611e6*r 6''* *+re*e'* ,, **r'e!9 -ee r +2 -ee 0+ere *+e ree/e'* !u 2'e, ,e '* 7e62-2611! 7r52,e -r *+e/. Le*9! !u 0e'* * *+e ,e'*2* ', ?u* 2'e, 6'e'* -r/ ', /e,261 +2*r!. Yu ree, * 7! -r 11 6+re

2- !ur 2'ur'6e ,2, '*. N*+2' 2 /e'*2'e, bu* '!*+2' e1e. T+e 611e6*r 6''* ,, '! *+er -ee re5e' ', e7e6211!$ +2 6*$ late fees r *+er 6+re.

T+re* ,,2' ;611e6*2' 6*$ **r'e!9 -ee; ', 2/21r ,,2*2'1 6+re +5e 1 bee' +e1, * be,e6e7*25e ', /21e,2'$ be6ue *+e! , '* **e e6*1! 0+* ,eb* 2 be2' u+*.

Sue r br2' '! =2', - 1e1 6*2' 0+ere *+e *+re* 2 '* -110e, *+ru+ (2.e. 6re *6*26)$ r '! 'u/berr *+er *+re* ,e2'e, * ,e/r12e$ +u/212*e$ ,er,e e/brr r 2'*2/2,*e ,eb*r 2'* 7!/e'*.

A'! *+re* 0+ere *+e 611e6*r ! +e 2 1e1 6u'e1 r ' **r'e!10!er 0+e' +e 2 '*

T+e *+re* r **e/7* * /21e, ,eb*r *+* 612/ 0211 be *r'-erre, * ' **r'e! r e7r*e ,e7r*/e'* - 611e6*r (e.. ;T+2 0211 be *r'-erre, * ur 1e1 ,e7r*/e'* -r -ur*+er 6*2';). Le**er /2re7ree'*2'*+* *+e 66u'* + bee' *r'-erre, * ' **r'e! /! 2'61u,e ' **r'e!9 1e**er+e, 02*+ *+re* - 1e16*2'. H5e !u e5er re6e25e, 1e**er -r/ 10!er 0+ 7ur7r*e,1! 611e6* -r /?r 6re,2*r H *+e10!er bee' u*>->**e H *+e 10!er *+re*e'e, * ue 2- 7!/e'* 0 '* /,e

Other Little#$no%n Ta"ti"s That Are Illegal&

I* 2 u'10-u1 u',er *+e FDCPA * *+re*e' u2* 2- ' u6+ 6*2' 2 2'*e',e,. T+e **r'e! 6''* ue !u 2' **e *+* 2 '* !ur +/e **e$ u',er *+e FDCPA. T+ere-re$ *+e *+re* 2 ' e/7*! 'e. E/7*! *+re* re 7u'2+b1e u',er *+e FDCPAK

I* 2 u'10-u1 -r u6+ 1e**er * be e'* u'1e *+e 10!er re52e0 *+e 1e**er D !u be12e5e *+* 0+e'*+u', - 1e**er 2ue, *+e 10!er re52e0 e6+ 'e 'here the "orres(onen"e is not re)ie%e b*

"o!nsel+ the "orres(onen"e )iolates the FDCPA, 

L= * *+e 1e**er !u re6e25e -r/ 10!er. Were *+e! 2'e, b! +', I- '*$ 7er+7 *+e! 0ere '* re52e0e, b! 10!er. Yu /! +5e 6e u',er *+e FDCPA.

T+e 611e6*r9 *+re* * ;/=e *+2 1e1; r * ;*ur' *+e /**er 5er * *+e 1e1 ,e7r*/e'*; /! 521*e *+eFDCPA 0+ere *+e 611e6*r + ' 1e1 ,e7r*/e'*. D !u *+2'= *+* *+e 611e6*r /! be 611e6*2'

7/23/2019 The Enormous Clouded Title Problem

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7er*2' '1! I- $ 7er+7 *+e! +5e ' 1e1 ,e7r*/e'*$ 2.e.$ *+e 1e1 7e6* 2 +',1e, u*2,e - *+e6/7'!. I' *+2 6e'r2 2 '*+er 521*2' - *+e FDCPA.

I* 2 1 521*2' * e', 1e**er **2' *+* *+e 611e6*r 0211 ;re6//e', 12*2*2'; r ;,52e *+e 6re,2*r* ue.; S/e - u6+ 6rre7',e'6e + bee' -u', * 521*e *+e FDCPA be6ue 2*$ 2' ee'6e 7ur7r* *25e 1e1 ,526e * *+e 6re,2*r. T+e 611e6*r 2 '* 7er/2**e, * 25e 1e1 ,526e$ u'1e$ - 6ure$ 2- *+e611e6*r 2 ' **r'e! +2/e1-.

The Least So(histi"ate Cons!mer Stanar&

D2, !u 1 ='0 *+* 2* ,e '* /**er 2- !u be12e5e, *+e *+re* r *+* 7er' - !ur 2'*e112e'6e 0u1,'* +5e be12e5e, *+e *+re* (2.e. *+e 611e6*r *+re*e' * +5e !u rre*e, -r '* 7!2' *+e 6re,2*r. Yu ' 2'*e112e'* 6'u/er be12e5e *+e *+re* 2 r2,26u1u 2'6e *+e U.S. C'*2*u*2' 7r+2b2* u6+ 6*2'). T+eFDCPA9 *',r, 2 *+e ;1e* 7+2*26*e, 6'u/er *',r,.; T+* 2$ 0u1, '!'e be12e5e *+e *+re*.

T+2 0u1, be e'u+ * u*2' *+e *',r, ', !ur bur,e' - 7r- 2- *+e 6ur* be12e5e *+* *+e *+re*66urre,.

S!((orting Case La%

T+e 6'6e7* - ,e6e7*2' 7r*e6* e5e' *+e 2'r'*$ u'*+2'=2' ', *+e 6re,u1u$ 1e* 7+2*26*e,6'u/er. See Je*er 5. Cre,2* Bureu$ I'6.$ % F.", && (&&*+ C2r. &4)

I* 2 1 u'10-u1 * ue 6'u/er 2' ?ur2,26*2' *+* 2 '* *+e ?ur2,26*2' 0+ere *+e 6'u/er re2,e r*+e 'e 2' 0+26+ *+e 6'*r6* 0 /,e. E/71e: PA RD E'*er7r2e$ I'6. ', *+e2r 2*er 6r7r*2'Ju,/e'* Bu*er$ I'6. (7re**! ,e726b1e u',2' '/e$ +u+) ee/ * be 2' *+e bu2'e - 7ur6+2'u'611e6*2b1e ?u,/e'*. I' 'e 6e$ PA RD 7ur6+e, ?u,/e'* -r re'* 2'* 6'u/er 2' De10reCu'*!$ PA. PA RD e7r*e, *+e ?u,/e'* * Luer'e Cu'*!$ /e &&4 /21e 0! -r/ *+e 6'u/er. PARD *+e' ,,e, 3&$%%% * *+e ?u,/e'* ;**r'e!9 -ee.; T+ere 0 12+* 7rb1e/: Ne2*+er PA RD 'r2* --26er 0 ' **r'e!. I' e--e6*$ *+e! 5e *+e/e15e 7! r2e$ ?u* 12=e C'reK PA RD ,e62,e, *+e

 ?u,/e'* +u1, be +2+er *+' 2* 0$ 2* ?u* 7u* 2* 2' *+e Luer'e Cu'*! ?u,/e'*K W0$ 'e* *r26= PARDK PA RD 1 *= *+e ?u,/e'* * re/*e 16*2' 0+26+ 1 521*e, *+e FDCPA &"2 PA RD', ee6u*e, ' *+e 6'u/er9 0e -r *+e re*er /u'*. T+e e/71!er b1=e, (1u6=21!)$ bu* *+e /**er be6/e /* 0+e' *+e 6'u/er 1e-* *+e e/71!/e'* - *+e e/71!er. T+2 6e 0 re6e'*1! -21e, ',5err! 7r6ee,2' ( 62521 6*2') be-re *+e B'=ru7*6! Cur* -r *+e E*er' D2*r26* - Pe''!15'2. T+e/**er 2 7e',2' ', 02*2' ' A'0er -r/ *+e ,e-e','*$ 0+26+ 2'61u,e PA RD$ Ju,/e'* Bu*er ',6er*2' --26er - *+e 6r7r*2'. T+e 6/712'* 11ee 521*2' - *+e FDCPA$ Pe''!15'2 F2r Tr,ePr6*26e A6*$ ', 6//' 10 -ru,.

Fr *+e F2r Deb* C11e6*2' Pr6*26e A6* 12* - -1e **e/e'*$ ee: TITLE &4 &"e. F1e r /21e,2're7ree'**2'.

T+e 6ur* +5e ,e62,e, *+u', - 6e ' *+e ub?e6* ', 2* 2 2/72b1e * 12* 11 7r+2b2*e, *!7e -*+re*. Su--26e 2* * ! *+* 2- 2* ee/ 0r'$ 2* 2 0r*+ 7e=2' * 6'u/er 7r*e6*2' 10!er 2' !urre.

We +5e ee' /! 2'*'6e - *+2 *!7e - 6',u6* ', 6' +e17 !u re65er /'e!. T+ere re 12*er11! ,e'- 0! 2' 0+26+ ,eb* 611e6*r 6' bre= *+e 10. E6+ *2/e 611e6*r bre= *+e 10$ !u /! be e'*2*1e, *,/e 2' ' /u'* 6//e'ur*e 02*+ *+e r52*! - *+e 521*2' (+0e5er$ /* 6ur* 12/2* *+e 12@u2,*e,,/e * 'e 2'*'6e 2' e6+ 6e>ee !ur 10!er bu* *+2). S/e 611e6*r +5e 'e -r **+re*e' rre*$ ?21$ r +r/ * 15e, 'e$ 2'61u,2' 2'-r/2' -r2e', ', 0r= 62*e - *+e ,eb*r9

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-2''621 e/brr/e'*. A'! *+re* * , /e*+2' *+* 2 '* 110e, b! 10 2 r2e5u ', 6*2'b1e (!u6' br2' u2*).

The -Mini#Mirana 'arning-

E6+ *2/e ,eb* 611e6*r 6'*6* !u$ +e /u* 25e !u 0+* 2 ='0' ;M2'2>M2r', Wr'2'; T+20r'2' re6e25e, *+* '/e be6ue 2* 2 re/2'26e'* - *+e 0r'2' *+* 7126e +u1, 25e !u 2- !u rerre*e,$ +0e5er$ ;M2'2>M2r', Wr'2'; +5e '*+2' * , 02*+ 6r2/2'1 10. A ;M2'2>M2r', Wr'2'

/u* 6'*2' *+e -1102' 0r, (r 0r, 2/7r*2' *+2 /e'2'):

;He11$ I / ('/e - 611e6*r). I / (r *+2 --26e 2) ,eb* 611e6*rre7ree'*2'(6re,2*r). I'-r/*2' b*2'e, ,ur2' *+e 6ure - *+2 611 0211 be ue, -r *+e 7ur7e - 611e6*2' *+e ,eb*.;

I- *+e 6re,2*r + '* bee' ,522' !u b5e$ !u /! +5e r2+* * ue.

Le**er !u re6e25e 2' *+e /21 -r/ 611e6*r 1 /u* 6'*2' 2/21r 0r'2' u6+ :

;T+2 2 ' **e/7* * 611e6* ,eb*. A'! 2'-r/*2' b*2'e, 0211 be ue, -r *+* 7ur7e. U'1e 02*+2' #%

,! - !ur re6e27* - *+2 '*26e$ !u '*2-! u *+* !u ,27u*e *+e 512,2*! - *+2 ,eb*$ 2* 0211 be u/e, * be 6rre6*. I- !u '*2-! *+2 --26e 02*+2' *+2r*! ,! *+* !u ,27u*e *+e 512,2*! - *+e ,eb*$ 0e 0211 b*2'5er2-26*2' - *+e ,eb* r 67! - *+e ?u,/e'*. I- !u re@ue* 2* 02*+2' #% ,!$ 0e 0211 7r52,e !u 02*+ *+e'/e ', ,,re - *+e r22'1 6re,2*r (2- ,2--ere'* -r/ *+e 6urre'* 6re,2*r).;

I- *+e 1e**er ,e '* **e *+e b5e$ r 0r, 2/21r r 61e * *+e b5e$ !u /! 1 +5e r2+* - 6*2'.Fur*+er/re$ ,2, !u ='0 *+* ' b211 611e6*r r 6re,2*r + *+e r2+* * 6'*6* '! *+2r, 7er' bu* !ur,eb*$ e6e7* * e* 2'-r/*2' 1e1! * 16*e !u T+2 /e' *+* 2- b211 611e6*r r 6re,2*r *e11 '!e6e7* !u *+* !u 0e *+e/ /'e!$ *+e! * 6' be ue,.

Debt Colle"tor.s Calls at 'or/ 

T+e FDCPA **e:

0'itho!t the (rior "onsent o1 the "ons!mer gi)en ire"tl* to the ebt "olle"tor or the e2(ress (ermission

o1 a "o!rt o1 "om(etent 3!risi"tion+ a ebt "olle"tor ma* not "omm!ni"ate %ith a "ons!mer in

"onne"tion %ith the "olle"tion o1 an* ebt-

S2/71! 7u*$ '!'e 6' *7 611e6*r -r/ +r2' *+e/ * 0r= b! 7u**2' *+e 611e6*r ' '*26e *+* *+ee/71!er - *+e 6'u/er ,e '* 7er/2* +2/ r +er * re6e25e *+e 611.

D !u *+2'= !ur e/71!er 110 !u * be +re, * 0r=

I *+2 0+! !u re 72, Prbb1! '*K Te11 *+e ,eb* 611e6*r *+2 ', 6'-2r/ 2* 2' 1e**erK T+e' /=e '*e * e6+ *2/e *+e 611e6*r 521*e *+2 0r'2'. Br2' !ur '*e * !ur **r'e! ', +5e +2/ ue 2* 2'**+e 611e6*r 2' 6ur*.

Yo!r Rights to Sto( 4arassment b* the Debt Colle"tors

I'-r 611e6*r re 6'6er'e,$ *+ere 2 ' re' 0+!:

Yu 'ee, * ,26u '!*+2' 02*+ 611e6*r 2- !u ='0 !u 6''* 7!

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Yu +5e * '0er 7+'e -r 611e6*r (*+2 0r= 02*+ 611er ID).

Yu +5e * 7e= 02*+ *+e 611e6*r 2- !u , '0er.

Yu +5e * '0er '! @ue*2' * 11 7e, b! *+e 611e6*r.

Yu +5e * ! ;,>b!e; be-re !u +' u7.

Yu +5e * be *ru*+-u1 bu* !ur 7er'1 ', -2''621 --2r (!u , '* +5e * ,261e 7r25*e2'-r/*2' bu* e* r 2'6/e).

I/7r*'*: T+ere 2 ' re' !u 'ee, * 6='01e,e *+* !u 0e *+e /'e!K T+2 2 5er! 2/7r*'* 2- *+e,eb* 2 1,. B! 6='01e,2' *+e ,eb*$ !u /! 6*u11! e*e', *+e *2/e *+e 6re,2*r 6' ue ' 2*.

A11 **e +5e **u*e - 12/2**2' ' ,eb* 611e6*2'. A -e0 **e re /re *+' 2 !er. M'! re 1e.

Yu 6' e*e', *+2 12/2**2' b! 6='01e,e *+e ,eb* r e5e' b! /=2' 7r*21 7!/e'*K

I' -6*$ !u , '* e5e' 'ee, 10!er * *7 611e6*r -r/ 6112' !u (1*+u+ 'e 2 5er! +e17-u1)K A11 !u

'ee, * , 2 * /21 *+e 6re,2*r r 611e6*r ;6ee 6//u'26*2'; 1e**er. T+2 re@ue* 6' be /,e '!*2/e$ bu* 2* /u* be /,e 2' 0r2*2'. I* 2 10! 7re-erb1e * e', *+e re@ue* b! 6er*2-2e, /21 ', =ee7 67!. T+2 67! 0211 be 7r- - !ur re@ue* +u1, !u 'ee, * ue *+e 6re,2*r. O'6e *+e 611e6*r re6e25e!ur 1e**er$ *+e! 6' '1! 6'*6* !u * 2'-r/ !u - '! 6*2' 2* 2'*e', * *=e r * *e11 !u *+* 2* 2*er/2'*2' 2* e--r* * 611e6* *+e ,eb*. T+2 1e**er 2 e'u+ !u 1e1 *7 -ur*+er 6'*6* r ,u''2' 1e**er.

5aliation o1 ebts an Sam(le 5aliation Re6!est Form

T+e FDCPA 7r52,e *+* ,eb* *+* re 7urue, b! ,eb* 611e6*r be 512,*e, ', &4 USC &".V12,*2' - *+e ,eb* 2 e5er! ,eb*r9 r2+*. Yu ,'9* 'ee, re'. T+e -6* *+* !u re@ue* 512,*2' 2@u2*e e'u+ * e5=e * 7r*e6*2' - *+e FDCPA. T+e A6* 7r52,e *+* (7r7+r2'$ 02*+2' -25e ,! -*er

*+e 2'2*21 6//u'26*2' 02*+ 6'u/er 2' 6''e6*2' 02*+ *+e 611e6*2' - '! ,eb*$ ,eb* 611e6*r +11(u'1e 1re,! 7r52,e, 2' *+e 2'2*21 6'*6*)$ e', *+e 6'u/er 0r2**e' '*26e 6'*2'2' >

(&) *+e /u'* - *+e ,eb*

(") *+e '/e - *+e 6re,2*r * 0+/ *+e ,eb* 2 0e,

(#) **e/e'* *+* u'1e *+e 6'u/er$ 02*+2' *+2r*! ,! -*er re6e27* - *+e '*26e$ ,27u*e *+e 512,2*! - *+e,eb*$ r '! 7r*2' *+ere-$ *+e ,eb* 0211 be u/e, * be 512, b! *+e ,eb* 611e6*r ',

(<) **e/e'* *+* 2- *+e 6'u/er '*2-2e *+e ,eb* 611e6*r 2' 0r2*2' 02*+2' *+e *+2r*!>,! 7er2, *+* *+e

,eb* 2 ,27u*e,$ *+e ,eb* 611e6*r 0211 b*2' 5er2-26*2' - *+e ,eb*.

T+2 /e' *+* 2- !u 0r2*e ,eb* 512,*2' re@ue*$ /71e - 0+26+ 2 521b1e u7' re@ue*$ 116//u'26*2' ', e'-r6e/e'* /u* *7 u'*21 *+e ,eb* 2 512,*e,. Ye$ *+* /e' 10u2* 1.

'hat ha((ens i1 the "olle"tor re1!ses to )aliate the ebt7

Yu +u1, '1! be 1u6=!. I- -*er 512,*2' re@ue* u',er *+e FDCPA$ *+e 6re,2*r re-ue * 67er*e$*+e' *+e 6re,2*r /! '* 1e11! 611e6* *+e ,eb*. I- *+e 611e6*r ,e$ *+e' *+e 10 2 521*e, ', u2* -r,/e /! be bru+*.

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Su6+ u2* 0 bru+* 2' -e,er1 6ur* 2' Ne0 Jere! 2'* MRS A62*e$ ,eb* 611e6*r -r 6/7'!2' b! *+e '/e - L=e C= Pr*'er. L=e C= e'e 2'$ 0+* 2 ='0' 2' *+e bu2'e $ ;b**/-ee,2'.; B**/ -ee,2' 2 *er/ ue, * /e' *+e 6@u22*2' - ;,e,; r 0r2**e' -- ,eb*. L=e C= 7ur6+e *+e ,eb* -r/ 6re,2* 6r, 6/7'2e (', 7er+7 *+er 6/7'2e) -r 7e''2e ' *+e ,11r. L=eC= *+e' ue MRS A62*e * /=e ,eb*r9 12-e 1252' +e11.

W+* 2- *+e ,eb* 611e6*r 2're *+e re@ue* ', 611e6* *+e ,eb* '!0!

T+* +77e'e, 02*+ MRS A62*e. MRS 0 re@ue*e, * 512,*e ,eb* 11ee, 0e, b! +ub', - 612e'* 0+ re6e25e, b'=ru7*6! ,26+re. T+e +ub', 612/e, *+* +2 02-e +, 7712e, -r *+e 6r,$ '*+2/. N* *+* 2* 0u1, /**er '!0! *+e +ub', 0 e'*2*1e, * 512,*2' u',er *+e 10. I- 512,*2' 0'* -r*+6/2'$ * b, -r *+e 611e6*r. MRS be12e5e, *+* *+e bur,e' 0 ' *+e ,eb*r 2'6e *+e 6r, +, bee' 7e' -r ;"& !er.;

 N*e: MRS **e, *+* *+e ,eb*r +, *+e 66u'* -r "& !er$ *+e -6* *+* 2* ;2 +2+1! 2/7rbb1e; *+* MRS0u1, +5e bee' b1e * e* 67! - ,6u/e'* *+* *+e ,eb*r 2'e, "% !er ,2, '* e6ue MRS -r/b*2'2' 0+* 512,*2' *+* *+e! 6u1, e*. I' *+2 6e$ MRS ,2, '* e5e' **e/7* * e* '!*+2'. Per+7MRS ,2, '* 0'* * be b*+ere, * 6/71! 02*+ -e,er1 10. I ue 2*9 e2er *+* 0!.

Ou*6/e: T+e -re2' /ee 0 2' 1re 7r* *+e re' *+* MRS e**1e, 02*+ *+e ,eb*r -r 3<$4%%. Nee,1e * !$ *+e ,eb* 0 'e5er 512,*e,. T+e ,eb*r 0u1, +5e bee' -r6e, * 7! 5er 3&%$ %%%. Yu 6'ee 67! - *+e 6/712'* +ere.

De1ense o1 Mortgage Fore"los!res& Fre61ure De-e'e 

Sto( thir (art* ebt "olle"tors 1rom "olle"ting one (enn*8& S*7 Deb* C11e6*2'

La/e Coo/ 9"ontin!e:

 N* e5e' *0 0ee= -*er *+e 3<$4%% 7!/e'*$ *+e /e 612e'* 0 6'*6*e, b! Cre,2*r9 I'*er6+'e$ I'6.$

(;CI;) ,eb* 611e6*2' u*-2* 2' Bu--1$ NY. T+e 611e6*r 611 *+2 --26e ', *+2 2 0+* *r'72re: A611e6*2' e'* b! *+e '/e - R26+r, er' 0+ ! +e 0r= -r CI 611.

We '0er *+e 7+'e !2' ;10 --26e; 2 611e, -r b! ur bu2'e 7r6e,ure.

er' =e, -r *+e ,eb*r ('/e 02*++e1, -r 7r256!).

I 2,e'*2-2e, /!e1- ;Mr. (,eb*r9) **r'e!.

er' !$ ;I ,2, '* ='0 +e +, ' **r'e!.;

er' 2 ure, b! /e *+* I re7ree'* *+e ,eb*r -r 11 7ur7e.

er' = 2- I / ' **r'e!.

I *e11 +2/ *+* I / ', = -r ,eb* 512,*2'.

er' *+e' ,e/', 7!/e'* -r/ *+e 612e'*.

1 !$ ;0e re re@ue*2' 512,*2' - *+* ,eb*.;

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er' **e$ ;V12,*2' W+* 512,*2' He 0e ,eb*K;

er' *+e' **e$ ;L2*e' /r* u!. Yu ='0 0+* I9/ 2' * 611 !ur 612e'*K;

He ,e.

I 1er' *+* er' 2 611e6*2' *+e same ebt that MRS %as tr*ing to "olle"t. A /**er - -6*$ *+e /e6re,2*r$ L=e C=$ 2 '0 611e6*2' u',er ,2--ere'* 6r7r*e '/e$ H216 Re6e25b1e.

Ou*6/e: CI H216 e**1e *+e 'e* 6e -r 34$%%% -r 'e 7+'e 611. T+* 2 3$4%% 2' e**1e/e'* 72, * *+e/e 612e'* ' *+e /e ,eb*.

Damages Uner the FDCPA

T+e FDCPA 7r52,e -r 7r25*e r2+* - 6*2' 2'* 521*r. T+2 /e' *+* !u 6' e* 10!er ',ue -r ,/e. A 7r*21 12* - ,/e *+* re 0r,b1e re:

S**u*r! ,/e u7 * 3&$%%% -r e6+ 6e. T+2 /e' *+* *+e 521*r 6' be 6+re, e5e' *+u+ *+ere re' *+er ,/e (ee be10).

A**r'e!9 -ee. Yu 6' /=e *+e 521*r 7! -r !ur 10!er. T+2 2 b2 ,5'*e 10!er re e7e'25eK

A6*u1 ,/e 2'61u,2':

• S*re re1*e, 2'?ur2e:

• Her* **6=$ '2'$ 6+e* 6'*r26*2'

• M26rr2e

• U16er$ ,2be*26 -1re>u7

• S+6=

• L - 77e*2*e

• Cr!2'

•  N2+*/re 2'/'2$ '2+* 0e*

• E/*2'1 7r1!2

• I'b212*! * *+2'= r -u'6*2' * 0r=

• He,6+e

• S+r*'e - bre*+

• A'2e*!$ 'er5u'e -er ', 0rr!

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• H!7er*e'2' (e1e5*2' - b1, 7reure)

• S*re * 6+21,re'

• Irr2*b212*!

• H!*er2

• E/brr/e'*$ +u/212*2'

• I',2'*2' ', 72' ', u--er2'.

An this is 3!st a (artial list8

Monetar* amages&

P!/e'* - ,eb* brre, b! *+e **u*e - 12/2**2'

T=2' 'e9 7r7er*! u'10-u11! r 2'*2/2,*2' ,eb*r * re*ur' 7r7er*! b! 521*2' *+e FDCPA$ e.. ;I-!u , '* re*ur' !ur DVD 71!er * *+e *re$ 0e 0211 br2' 6r2/2'1 6+reK;

L' ,2*'6e *e1e7+'e 6+re -r 7+'e 611 * 611e6*r 0+ **e *+* !u /u* 611 +2/ b6=.

A**r'e!9 -ee * ,e-e', 7r2r u2* bru+* 2' 521*2' - *+e FDCPA

D/e -r 2'*e'*2'1 2'-126*2' - e/*2'1 ,2*re e'er11! (ee b5e).

Yur **r'e! /! ue /e,261 (7!6+2*r267!6+1261) *e*2/'!$ bu* ,e '* 'ee, *. D/e -re/*2'1 ,2*re 6' be 612/e, e5e' 02*+u* /e,261 u77r*. T+2 ,e '* /e' *+e! 0211 10! be

 be12e5e,$ - 6ure. I* 2 u7 * *+e ?u,e r ?ur! * ,e62,e 2- *+e 712'*2-- 2 *e112' *+e *ru*+. A'!0!$ *+e 712'*2--2' *+e FDCPA 10u2* *r* 02*+ *re/e',u ,5'*e.

Free Cease Comm!ni"ation Letter

S*211 re '* ure 0+* * , Yu9re 2' 1u6=. Ju* +ere (*+2 -r/ 0211 be e'er*e, 2' 'e0 br0er 02',0$ 6/e b6= +ere 0+e' !u re ,'e) e,2* 02*+ 7er'1 ', *+e re1e5'* ', 7r2'* u* *+e -r/$ 2' 2* ',/21 2* * *+e ,eb* 611e6*r. Be ure * =ee7 67! ', /21 !ur -r/ 6er*2-2e, /21.

Sam(le FDCPA Cases+ Com(laint Forms an Their Res!lts

T+e 10 **e *+* FDCPA 6e 6' be bru+* 2' '! 6ur* - 6/7e*e'* ?ur2,26*2'. T+2 /e' *+* !u 6' br2' 6*2' 2'* +r2' 611e6*r$ ', u',er /e **e 10$ 6re,2*r 0e11$ 2' /11 612/ 6ur*e5e' 02*+u* ' **r'e!. Yu , '* 'ee, * ue /11 612/ 6ur* Fe,er1 D2*r26* Cur* re *+e '*ur1;+/e; -r *+2 *!7e - 12*2*2'. I* 2 '* re6//e',e, *+* !u *r* ' FDCPA 10u2* 02*+u* ' **r'e! be6ue 2* *=e /e -1ue'6! 2' *+e 6* * ='0 0+* * = - *+e 6ur*.

M'! /2*r*e r /11 612/ 6ur* ?u,e re u'-/212r 02*+ *+e 6*. I- !u 0'* * +e, ,e72*e *+20r'2'$ !u 6' ee +0 *!7261 6*2' 0 bru+* 2' D2*r26* Ju*26e Cur* 2' Pe''!15'2. ;DJ; Cur*re e'er11! /11 612/ 2' PA$ +52' ?ur2,26*2' u7 * 3$%%%. T+2 6e 0 bru+* 2'* 611e6*r 2' Ne0 Yr= -r 521*2' - *+e FDCPA9 5er2-26*2' ', 6ee 6//u'26*2' 7r522'. A 67! - *+e

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6/712'* 6' be 2'7e6*e, +ere 2' PDF (A,be) -r/*. T+e 6e e**1e, -r r u/ - 34.%% 0+26+2'61u,e, 6u'e1 -ee - ' u'7e62-2e, /u'*.

I- !u re 2' *+e **e - Pe''!15'2 ', 'ee, 2/21r (b1'=) -r/ (*+2 6' be ue, 2' '! *!7e - 625216*2')$ +ere. T+2 7e + -212' 2'*ru6*2' 0e11. Be 6re-u1 *+u+. Be 0re *+* 2- *+e 6re,2*r + 612/ 2'* !u ' ,eb*$ *+e 6re,2*r /! 6u'*er ue !u ' *+* ,eb*. T+2 /e' *+* 2* /! be be**er * br2' *+2 6*2' 6u'*er612/ ', '* ' 2',e7e',e'* 6*2' 2- !u 0e /re *+' *+e 612/K

I' /* 6e$ 2* 2 be**er * br2' *+e 6e 2' U.S. D2*r26* Cur*. T+2 --26e re6e'*1! ue, '*2'1 10 -2r/ 2'*+e D2*r26* Cur* 2' P+21,e17+2. T+e '/e - *+e -2r/ 2 02*++e1, u* - 6ur*e!$ 2'6e *+e 6e 0 e**1e,02*+2' -ur ,! -*er u2' * 1e* *+e -2r/ +, *+e 2'*er2*! * ,/2* *+e errr ', 6rre6* 2*. T+2 -2r/ 2e'e, 2' ,eb* 611e6*2' 7r6*26e ' '*2'1 61e. T+e! re be, 2' L' I1',$ NY ', + --26e 2'P+21,e17+2 ', e1e0+ere. T+e2r 0eb2*e 612/ *+e! +5e ;'*2'1 b212*!.; I' re12*!$ *+2 ;'*2'1 b212*!; 7re52u1! 1e, * 7re52u 61 6*2' 2'* *+2 -2r/ ('* bru+* b! *+2 --26e) 0+26+ e**1e, -r /re*+' 3<4#$%%%K (E.D. P. "%%%). T+2 -2r/$ /' *+er *+2'$ *+re*e'e, +5e ' e'* - *+e2r 6/e ;6/e* *+e 712'*2--9 +ue; ', 2'5e'*r! 11 - 712'*2--9 7er'1 7r7er*! -r 1eK JeeK W+* 70erK W+*bueK O- 6ure$ *+2 /,e 712'*2--9 02-e 7'26. I* 1 ,2, '* 2* * 0e11 02*+ *+e 712'*2--9 'er5e$ e2*+er.

Ce u*6/e: T+e ,e-e','* 72, 712'*2-- 3&$4%%$ 71u 3"$%%% 2' **r'e!9 -ee (*+e be* 7r*) ', 1 72,

-- *+e '*! u! * Fr, M*r Cre,2*. V1ue - e**1e/e'* 11 *e*+er Abu* 3$4%% >. N* b, -r -e0 7+'e 611 ', 1e**er.

A!to Re(ossession Notes&

 N*e Q& W+e' ,eb* 611e6*r (6*u11! *+2 2 re7 u*-2*) 2 **e/7*2' * re7e 5e+261e.

T+e 611e6*r r 6re,2*r 6''*$ ;2ue 0rr'* * *+e +er2-- -r !ur rre*.;

T+e 611e6*r 6''* e/71! 6r2/2'1 7r6e * 611e6* 62521 ,eb* (02' /'e! ', re-u2' * 7! 2* 2 '* 6r2/e.

T+e 611e6*r 6''* *+re*e' * , /e*+2' +e ='0 +e 6''* 1e11! , (ee b5e).

T+e 611e6*r 6''* 1e5e *+re* ' ' '0er2' /6+2'e 0+ere *+er 6' +er 2*.

T+e 611e6*r /! '* 2/71! *+* *+ere 2 /e 1e1 ,u*! *+* *+e ,eb*r /u* 611 b6= (...;/u* +er -r/!u;). T+ere 2 ' 1e1 ,u*! * re*ur' 611e6*r 7+'e 611.

T+e 611e6*r /! '* *+re*e' /e*+2' +e ,e '* 2'*e',. T+e 611e6*r ,e '* 2'*e', * ;/=e *+2 *+2' 1e1$; +e '1! 2'*e', * 6re *+e ,eb*r 2'* urre',er2' +2 6r. T+e 611e6*r + 7rbb1! '* e5e'6'u1*e, 6u'e1 +2 ?b 2 * 611e6* *+e 5e+261e '1!.

A2'$ *+e 611e6*r 6''* *+re*e' * +r *+e ,eb*r e5er! ,! (;I9/ 'e5er 2' 0!...;). T+e 611e6*r2'*e', *+* *+e ,eb*r -er *+* *+e 611e6*r 0211 6/e * +2 +/e e5er! ,! (*+e 611e6*r ! *+2$ 2' /'! 0r,). ;I 0211 be * !ur ,r e5er! e5e'2'....; Yu 0u1,'9* 7u* u7 02*+ *+2 ''e'e e5e' -r/ re1*25e 0+! +u1, !u *', -r 2* -r/ ' -r/ re7 u*-2* T+e 1* *2/e I 6+e6=e,$ 7e71e , '*=ee7 /*r 5e+261e 2' *+e2r 1252' r/. T+ere 2 ' re' -r *+2 /' * *+re*e' *+* +e 0211 6/e * *+e,eb*r9 ,r ;e5er! e5e'2'.; T+e 6re,2*r ,eb* 611e6*r + ' r2+* * +r *+e ,eb*r ;e5er! e5e'2'.;Fur*+er$ *+re* * be+5e 12=e *+2 2 2*e1- -r/ - +r/e'* ', 2 6*2'b1e.

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;Yu /u* 611 +ere....; A **e, b5e$ *+e 6re,2*r r 611e6*r /! '* 2'-er *+* *+e ,eb*r + ,u*! * 611 b6=.

;T+2 2 '* *+re*...; W+* 2 2* *+e' T+2 u! ='0 +e 2 '* u77e, * be ,2' *+2.

 N*e Q" A C+e B'= 611e6*r *+re*e'e, ;-ru,; be6ue *+e ,eb*r +, bee' 2' b'=ru7*6!$ ,26+re, *+e,eb* *+ere2'$ ', *+e' +, *+e u'/2*2*e, u,62*! * +5e bee' br' 2' Pr*u1K 7K T+e 611e6*r *r2e, *e* * *+e ,eb*r b! !2' *+* +e +, 1e-* +er /*+er ;+1,2' *+e b.; O- 6ure$ *+2 0 12e. T+ere 0

' 2'*e'* * 7re6u*e -r -ru, be6ue *+ere 0 '* ,eb*.

L0u2* u',er FDCPA 110 -r 6u'e1 -ee$ ,/e$ ', 6*. E6+ FDCPA 521*2' 6' 'e* !u u7 *3&$%%% 71u **r'e!9 -ee ', 6*u1 ,/e. Re7e*e, 6',u6* 0211 uu11! re6e25e re*er ,/e ', 21e 12=e1! * u66u/b * ,e-e'e - ;2''6e'* /2*=e.; Yu +u1, be ,212e'* 2' 7r*e6*2' !ur r2+*.T+e **u*e - 12/2**2' -r br2' /* -e,er1 6*2' - *+2 '*ure 2 '1! 'e !er u'1e ue, ,e-e'e* ' 6*2' bru+* 2'* !u. T+ere-re$ !u +u1, 7r*e6* !ur r2+* be-re *+e! be6/e u'e'-r6eb1e.

 N*e Q# Fr/ C+e B'=. T+2 0/' u', 12=e +e + *+e e/*2' - 611e6*2' *er/2'*r. ;I9/ *2re, - 71!2' /e 02*+ !u ( I ue +e 2 *r*2' 'e - +er 0' +ere). I911 611 e5er! 'e2+br ' !ur b16= */=e ure !u9re 2' *+e r2+* 716e.; W0K H0 2'*2/2,*2'K H0 211e1. C11e6*r re 110e, * b*2'

16*r 2'-r/*2'. O'6e *+e 611e6*r ='0 0+ere !u re$ 0+26+ b52u1! C+e ,2,$ -*er 11 +e 06112' +er 7+'e$ '! -ur*+er 611 * 'e2+br re ' 1'er 16*r 2'-r/*2'. T+e! re ?u* u'10-u16//u'26*2' 02*+ *+2r, 7r*2e 2'*e',2' * +u/212*e ', e/brr *+e ,eb*r$ 0+26+ 2* ,2,. Fur*+er/re$*+2 ,eb*r +, ?u* re6e25e, ,26+re 2' b'=ru7*6!K N* '1! re *+ee *6*26 brre, b! **e 10$ ', *+eFDCPA$ *+e! 0ere 1 brre, b! b'=ru7*6! 10. T+e 611er *+e' re-er * ;**r'e! -ee$ ; 0+26+ 1 2/21e,2' ', u'10-u1 u'1e *+e 6*u1 /u'* 2- **e,. T+e '1! +e17 !u 0211 e5er e* -r/ ,eb*611e6*r$ 2 *+* 611e6*r +e172' 2*e1- * !ur b'= 66u'* r /*r 5e+261e.

More on "reitor;ebt "olle"tor (rote"tion&

Cer*2' **e$ u6+ Pe''!15'2$ /! +5e 10 7r*e6*2' 6'u/er -r/ +r/e'* e5e' *+u+ *+e

FDCPA /! '* be 77126b1e. T+ee 10 /! e5e' e7', (e.. Pe''!15'2) ' *+e FDCPA$ br,e'2' 2*67e ', 77126b212*!. T ee 2- !ur **e + u6+ 10$ !u +u1, 6'u1* 02*+ 161 **r'e! - ee 2- !u6' -2', *+e 2'-r/*2' b! reer6+2' !ur S**e 10.

T+2 2'-r/*2' 2 7ree'*e, * !u b! *+e B'= Fru, V26*2/ Ce'*er. Our /22' 2 * e,u6*e +/e0'erbu* 7re,*r! 1e',2' 7r6*26e$ b'= -ru, ', *+e 1e1 7*2' 521b1e * *+e/.

0eb2*e: b'=>-ru,.6/ 

Fr /re 2'-r/*2' bu* ,eb* 611e6*r ', ;+0 * e* *+e/ u* - !ur 12-e; CLIC HERE

F2', u* 2- !u re 526*2/ - 7re,*r! 1e',2' 7r6*26e:

TO GET A FREE PRELIMINARY CONSULTATION CLIC HEREK

Our /22' 2 * e,u6*e +/e0'er bu* 7re,*r! 1e',2' 7r6*26e ', b'= -ru, ', *+e 1e1 7*2'521b1e * *+e/. We be12e5e *+* 2- !u ,'9* ='0 !ur r2+*$ !u ,'* ='0 !ur 7*2'.

We re '* /r*e e12/2'*2' 6/7'!. We +e17 +/e0'er 0+ re 526*2/ - 7re,*r! 1e',2' ', b'= -ru,.

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We re *+e 1e,er 2' ,6u/e'* u,2*2' ', 7re,*r! 1e',2' 12*2*2' ', ,e-e'e. A', ' u*+r2*! ' *+eub?e6* - 7re,*r! 1e',2' 7r6*26e$ -re61ure ,e-e'e$ 6'u/er 7r*e6*2' ', ,eb*r r2+*.

We re --212*e, 02*+ **r'e! 11 5er *+e U'2*e, S**e.

Right o1 Res"ission

Reg!lation <& The Right#o1#Res"ission

T+e r2+*>->re622' ru1e re *e6+'261$ ', *+e 6'e@ue'6e - ''6/712'6e 6' be 5er! 6*1! * *+eB'=. T=e *+e *2/e * re52e0 *+e r2+* - re622' ru1e -r 61e,>e', 6re,2*.

'hat is the right o1 res"ission7

T+e r2+* - re622' 2 6'u/er 7r*e6*2' 10 -u', 02*+2' *+e Tru*+ 2' Le',2' A6*

Tr!th In Lening A"t ## Reg!lation <

T+e Tru*+ 2' Le',2' A6* (TILA)$ T2*1e I - *+e C'u/er Cre,2* Pr*e6*2' A6*$ 2 2/e, * 7r/*2' *+e2'-r/e, ue - 6'u/er 6re,2* b! re@u2r2' ,261ure bu* 2* *er/ ', 6*. I' e'er1$ *+2 reu1*2'7712e * e6+ 2',252,u1 r bu2'e *+* --er r e*e', 6re,2* 0+e' *+e 6re,2* 2 --ere, r e*e',e, *6'u/er *+e 6re,2* 2 ub?e6* * -2''6e 6+re r 2 7!b1e b! 0r2**e' ree/e'* 2' /re *+' -ur2'*11/e'* *+e 6re,2* 2 7r2/r21! -r 7er'1$ -/21! r +ue+1, 7ur7e ', *+e 1' b1'6e e@u1 re6ee, 3"4$%%%.%% r 2 e6ure, b! ' 2'*ere* 2' re1 7r7er*! r ,0e112'.

TILA 2 2'*e',e, * e'b1e *+e 6u*/er * 6/7re *+e 6* - 6+ 5eru 6re,2* *r'6*2' ', *+e ,2--ere'6e2' *+e 6* - 6re,2* /' ,2--ere'* 1e',er. T+e reu1*2' 1 re@u2re /2/u/ 2'*ere* r*e * be **e, 2'5r2b1e r*e 6'*r6* e6ure, b! *+e brr0er9 ,0e112'$ 2/7e 12/2**2' ' +/e e@u2*! 71' *+* reub?e6* * *+e re@u2re/e'* - 6er*2' e6*2' - *+e A6* ', re@u2re /2/u/ 2'*ere* *+* /! 771! ,ur2'*+e *er/ - /r*e 1'. TILA 1 e*b12+e ,261ure *',r, -r ,5er*2e/e'* *+* re-er * 6er*2'6re,2* *er/.

I' ,,2*2' * -2''621 ,261ure$ TILA 7r52,e 6'u/er 02*+ ub*'*25e r2+* 2' 6''e6*2' 02*+ 6er*2'*!7e - 6re,2* *r'6*2' * 0+26+ 2* re1*e$ 2'61u,2' r2+* - re622' 2' 6er*2' re1 e**e 1e',2'*r'6*2'$ reu1*2' - 6er*2' 6re,2* 6r, 7r6*26e ', /e' -r -2r ', *2/e1! re1u*2' - 6re,2* b2112' ,27u*e. T+2 ,26u2' 0211 be 12/2*e, * *+e 7r522' - TILA *+* re1*e 7e62-2611! * *+e

/r*e 1e',2' 7r6e$ 2'61u,2':

&. Er1! ', F2'1 Reu1*2' D261ure Re@u2re/e'*

". D261ure Re@u2re/e'* -r ARM L'

#. R2+* - Re622'

<. A,5er*22' D261ure Re@u2re/e'*

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Earl* an Final Reg!lation < Dis"los!re Re6!irements&

TILA re@u2re 1e',er * /=e 6er*2' ,261ure ' 1' ub?e6* * *+e Re1 E**e Se**1e/e'* Pr6e,ure A6*(RESPA) 02*+2' *+ree bu2'e ,! -*er *+e2r re6e27* - 0r2**e' 77126*2'. T+2 er1! ,261ure **e/e'* 2 7r*211! be, ' *+e 2'2*21 2'-r/*2' 7r52,e, b! *+e 6'u/er. A -2'1 ,261ure **e/e'* 2 7r52,e, **+e *2/e - 1' 612'. T+e ,261ure 2 re@u2re, * be 2' 7e62-26 -r/* ', 2'61u,e *+e -1102'2'-r/*2':

•  N/e ', ,,re - 6re,2*r 

• A/u'* -2''6e,

• I*e/2*2' - /u'* -2''6e, (7*2'1$ 2- G, F2*+ E*2/*e 2 7r52,e,)

• F2''6e 6+re

• A''u1 7er6e'*e r*e (APR)

• Vr2b1e r*e 2'-r/*2'

• P!/e'* 6+e,u1e

• T*1 - 7!/e'*

• De/', -e*ure

• T*1 1e 7r26e

•

Pre7!/e'* 7126!

• L*e 7!/e'* 7126!

• Se6ur2*! 2'*ere*

• I'ur'6e re@u2re/e'*

• Cer*2' e6ur2*! 2'*ere* 6+re

• C'*r6* re-ere'6e

• Au/7*2' 7126!

• Re@u2re, ,e72* 2'-r/*2'

Dis"los!re Re6!irements 1or ARM Loans&

I- *+e ''u1 7er6e'*e r*e ' 1' e6ure, b! *+e 6'u/er9 7r2'6271 ,0e112' /! 2'6ree -*er6'u//*2' ', *+e *er/ - *+e 1' e6ee, 'e !er$ TILA re@u2re ,,2*2'1 ,?u*b1e r*e /r*e,261ure * be 7r52,e,$ 2'61u,2':

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• T+e b=1e* *2*1e, C'u/er H',b= ' A,?u*b1e R*e Mr*e$ 7ub12+e, b! *+e Br, ', *+e

Fe,er1 H/e L' B'= Br, r u2*b1e ub*2*u*e.

• A 1' 7rr/ ,261ure -r e6+ 5r2b1e>r*e 7rr/ 2' 0+26+ *+e 6'u/er e7ree ' 2'*ere*.

T+e 1' 7rr/ ,261ure +11 6'*2' *+e 'e6er! 2'-r/*2' 7re6r2be, b! Reu1*2' .

• TILA re@u2re er526er * 7r52,e ube@ue'* ,261ure * 6'u/er ' 5r2b1e r*e *r'6*2' 2'

e6+ /'*+ ' 2'*ere* r*e ,?u*/e'* *=e 716e.

Right o1 Res"ission&

I' 6re,2* *r'6*2' 2' 0+26+ e6ur2*! 2'*ere* 2 r 0211 be re*2'e, r 6@u2re, 2' 6'u/er9 7r2'6271,0e112'$ e6+ 6'u/er 0+e 0'er+27 2 r 0211 be ub?e6* * *+e e6ur2*! 2'*ere* + *+e r2+* * re62',*+e *r'6*2'. Le',er re re@u2re, * ,e125er *0 672e - *+e '*26e - *+e r2+* * re62', ', 'e 67! -*+e ,261ure **e/e'* * e6+ 6'u/er e'*2*1e, * re62',. T+e '*26e /u* be ' e7r*e ,6u/e'* *+*2,e'*2-2e *+e re622' 7er2, ' *+e *r'6*2' ', /u* 61er1! ', 6'726uu1! ,261e *+e re*e'*2' r6@u22*2' - e6ur2*! 2'*ere* 2' *+e 6'u/er9 7r2'6271 ,0e112' *+e 6'u/er9 r2+* * re62', *+e*r'6*2' ', +0 *+e 6'u/er /! eer62e *+e r2+* * re62', 02*+ -r/ -r *+* 7ur7e$ ,e2'*2'

*+e ,,re - *+e 1e',er9 716e - bu2'e.

I' r,er * eer62e *+e r2+* * re62',$ *+e 6'u/er /u* '*2-! *+e 6re,2*r - *+e re622' b! /21$*e1er/ r *+er /e' - 6//u'26*2'. N*26e 2 6'2,ere, 25e' 0+e' /21e,$ -21e, -r *e1er7+26*r'/22' r e'* b! *+er /e'$ 0+e' ,e125ere, * *+e 1e',er9 ,e2'*e, 716e - bu2'e. T+e 6'u/er/! eer62e *+e r2+* * re62', u'*21 /2,'2+* - *+e *+2r, bu2'e ,! -1102' 6'u//*2' - *+e*r'6*2' ,e125er! - *+e '*26e - r2+* * re62', r ,e125er! - 11 /*er21 ,261ure$ 0+26+e5er 66ur1*. W+e' /re *+' 'e 6'u/er 2' *r'6*2' + *+e r2+* * re62',$ *+e eer62e - *+e r2+* b! 'e6'u/er +11 be e--e6*25e -r 11 6'u/er.

W+e' 6'u/er re62', *r'6*2'$ *+e e6ur2*! 2'*ere* 252' r2e * *+e r2+* - re622' be6/e 52,

', *+e 6'u/er 0211 ' 1'er be 12b1e -r '! /u'*$ 2'61u,2' '! -2''6e 6+re. W2*+2' "% 61e',r,! -*er re6e27* - '*26e - re622'$ *+e 1e',er 2 re@u2re, * re*ur' '! /'e! r 7r7er*! *+* 0 25e'* '!'e 2' 6''e6*2' 02*+ *+e *r'6*2' ', /u* *=e '! 6*2' 'e6er! * re-1e6* *+e *er/2'*2' - *+ee6ur2*! 2'*ere*. I- *+e 1e',er + '* ,e125ere, '! /'e! r 7r7er*!$ *+e 6'u/er /! re*2' 7e2'u'*21 *+e 1e',er + 6/712e, 02*+ *+e b5e.

T+e 6'u/er /! /,2-! r 025e *+e r2+* * re62', 2- *+e 6'u/er ,e*er/2'e *+* *+e e*e'2' - 6re,2*2 'ee,e, * /ee* b' -2,e 7er'1 -2''621 e/ere'6!. T /,2-! r 025e *+e r2+*$ *+e 6'u/er /u*25e *+e 1e',er ,*e, 0r2**e' **e/e'* *+* ,e6r2be *+e e/ere'6!$ 7e62-2611! /,2-2e r 025e *+e r2+** re62', ', ber *+e 2'*ure - 11 - *+e 6'u/er e'*2*1e, * re62',. Pr2'*e, -r/ -r *+2 7ur7e re 7r+2b2*e,.

A)ertising Dis"los!re Re6!irements&

I- 1e',er ,5er*2e ,2re6*1! * 6'u/er$ TILA re@u2re *+e ,5er*2e/e'* * ,261e *+e 6re,2* *er/ ',r*e 2' 6er*2' /''er. I- ' ,5er*2e/e'* -r 6re,2* **e 7e62-26 6re,2* *er/$ 2* /! **e '1! *+e *er/*+* 6*u11! re r 0211 be rr'e, r --ere, b! *+e 1e',er. I- ' ,5er*2e/e'* **e r*e - -2''6e 6+re$2* /! **e *+e r*e ' ;''u1 7er6e'*e r*e; (APR) u2' *+* *er/. I- *+e ''u1 7er6e'*e r*e /! be2'6ree, -*er 6'u//*2' *+e ,5er*2e/e'* /u* **e *+* -6*. T+e ,5er*2e/e'* /! '* **e '! *+err*e$ e6e7* *+* 2/71e ''u1 r*e r 7er2,26 r*e *+* 2 7712e, * ' u'72, b1'6e /! be **e, 2'6'?u'6*2' 02*+$ bu* '* /re 6'726uu1! *+'$ *+e ''u1 7er6e'*e r*e.

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T+e 61e,>e', re622' ru1e ,26ue, 2' *+2 r*261e re -u', 2' T2*1e &" CFR Reu1*2' ""."#

T+e 7e'>e', re622' ru1e ru1e ,26ue, 2' *+2 r*261e re -u', 2' T2*1e &" CFR Reu1*2' "".&4

'ho is able to res"in a loan7

T+e r2+* - re622' ,e'9* 771! ?u* * brr0er. A11 6'u/er 0+ +5e ' 0'er+27 2'*ere* 2' *+e 7r7er*! +5e *+e r2+* * re62',.

W+21e *+er 7r* - Reu1*2' *!72611! -6u ' *+e brr0er$ *+2 2 'e re 0+ere !u 'ee, * 1= be!', *+e 77126'*$ ', 2,e'*2-! '! ', 11 0'er - *+e +/e be2' 71e,e, ' *+e *r'6*2'. O-*e'*2/e *+2 0211 re@u2re 1=2' * *2*1e 0r= ', /=2' '*e - 11 -ee 0'er - *+e 7r7er*!.

'hat oes the right o1 res"ission re6!ire o1 leners7

T+e r2+* - re622' re@u2re 1e',er * 7r52,e 6er*2' ;/*er21 ,261ure; ', /u1*271e 672e - *+e r2+*- re622' '*26e * EACH 0'er - *+e 7r7er*!. F1102' 7r7er ,261ure$ 1e',er /u* 02* * 1e**+ree bu2'e ,! (u'*21 !u re re'b1! *2-2e, *+* *+e 0'er +5e '* re62',e,) be-re ,2bur2'1' 7r6ee,.

'hen oes the three#a* res"ission time "lo"/ begin to ti"/7

T+e *+ree>,! r2+* - re622' 7er2, be2' '6e *+e /*er21 ,261ure ', '*26e +5e bee' 25e'$ ',1* *+ree -u11 bu2'e ,!. Bu2'e ,! re ,e-2'e, b! Reu1*2' * 2'61u,e 11 61e',r ,! e6e7*Su',! ', -e,er1 +12,!. S*ur,! IS 6'2,ere, bu2'e ,! -r re622' 7ur7e$ rer,1e -0+e*+er !ur --26e re 7e'.

I' r,er * 7r7er1! 6/71e*e *+e N*26e - R2+* * Re62', -r/$ !u 'ee, * ='0 +0 * 616u1*e *+ere622' 7er2,. C'2,er *+e -1102' e/71e.

Au/e 612' 2 e* -r T+ur,!$ N5e/ber &4*+$ "%%&$ ', *+* 11 /*er21 ,261ure ', '*26e re 7r52,e, * *+e 7r*2e * *+* *2/e. T+e re622' 7er2, 0u1, ru':

Fr2,!$ N5e/ber &$ "%%&

S*ur,!$ N5e/ber. &$ "%%&$ ',

M',!$ N5e/ber &$ "%%&.

Su',! 2 '* 6u'*e, 2'6e 2* 2 '* 6'2,ere, bu2'e ,!. T+e re622' 7er2, 0u1, e', * /2,'2+* ' N5e/ber &$ "%%&.

'hen ma* a borro%er %ai)e the right o1 res"ission7

Reu1*2' 110 brr0er * 025e *+e2r re622' r2+*$ bu* *+2 e6e7*2' '1! 7712e 2' 5er! 12/2*e,62r6u/*'6e. T+e 10 2 7r*e6*25e - *+e r2+* - re622'$ ', !u +u1, be *.

Brr0er /! 025e *+e2r re622' r2+* ', re6e25e *+e2r 1' 7r6ee, 2//e,2*e1! '1! 2- *+e! +5e 0+*2 611e, ;b' -2,e 7er'1 -2''621 e/ere'6!.; T+2 /e' -2''621 e/ere'6! - *+e /'2*u,e *+*02*2' ' ,,2*2'1 *+ree ,! 0211 be 7er'11! r -2''6211! ,e5**2' * *+e brr0er. I* /2+* 2'61u,e2*u*2' 2'5152' '*ur1 ,2*er u6+ -1,2'$ r /e,261 e/ere'6! *+* re@u2re 2//e,2*e -u',.

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W+e' *+2 *!7e - 2*u*2' ,e r2e$ *+e brr0er /u* 7r52,e 0r2**e' e71'*2' - +2 r +er62r6u/*'6e * *+e -2''621 2'*2*u*2'. T+2 2 '* ,6u/e'* *+* !u +u1, ,r-* -r *+e brr0er.

W252' *+e r2+* - re622' 2 '* 6//' 7r6*26e$ /*1! be6ue ,2' 2* 0r' 6' b6=-2re ', 6re*e re62',b1e 1'$ 6u2' 11 =2', - 7rb1e/ ,0' *+e r,.

'hat ha((ens on"e the res"ission (erio is o)er7

A-*er *+e r2+*>->re622' 7er2, + e72re,$ /=e ure !u -ee1 re'b1! 6er*2' *+* *+e 6'u/er + '*re62',e, be-re !u ,2bure *+e 1' 7r6ee,. T+ere re /e r2= 2' ,2bur2' -*er *+e *+2r, ,!. Fre/71e$ *+e 10 110 6'u/er * eer62e *+e2r re622' r2+* b! /21$ ', re622' 2 e--e6*25e 0+e'/21e,. T+u$ re622' /21e, ' *+e *+2r, ,! -*er 612' 2 e--e6*25e e5e' *+u+ *+e 1e',er /! '*re6e25e 2* u'*21 *+e -ur*+ r -2-*+ ,! -*er *+e 612'. Be6ue - *+2 7*e'*21 *2/2' 7rb1e/$ Reu1*2' ue* *+* 1e',er *=e e*r 7re6u*2' * e'ure *+* *+e 1' + '* bee' re62',e,.

T 52, -ur*+er ,e1! - *+e 1' 7r6ee,$ !u /! 0'* * b*2' 6'-2r/*2' **e/e'* -r/ 11 *+e0'er **2' *+* *+e! +5e '* eer62e, *+e2r re622' r2+*. Su6+ 0r2**e' 6'-2r/*2' 7r52,e 0r2**e',6u/e'**2' *+* *+e *r'6*2' + '* bee' re62',e,.  N*26e - re622' -r/ 6'*2' *+2 6'-2r/*2'1'ue$ 0+26+ 6' be ' e--e6*25e 0! * re15e *+e re622' 2ue @u26=1!.

(N*e$ +0e5er$ *+* 0'er +u1, '* 2' *+2 6'-2r/*2' u'*21 -*er *+e *+ree ,! 7er2, 2 5er.O*+er02e$ 2* /! 1= 12=e *+e! +5e 2/7r7er1! 025e, *+e2r re622' r2+*.)

'hat are the "onse6!en"es o1 non"om(lian"e7

T+ere re er2u 6'e@ue'6e -r -212' * -110 *+e r2+*>->re622' ru1e. F2r*$ u'*21 1e',er 7r52,e*+e /*er21 ,261ure ', *+e 7r7er N*26e - R2+* * Re62',$ *+e *+ree>bu2'e ,! re622' 7er2, ,e'* *r* * ru'$ ', *+e *r'6*2' re/2' re62',b1e -r u7 * *+ree !er. A', '6e 6'u/er re62', *r'6*2'$ *+e e6ur2*! 2'*ere* 2' *+e 7r7er*! be6/e 52, ', !u /u* re2/bure *+e 6'u/er -r 11 -*+e -2''6e 6+re 611e6*e, 5er *+e 12-e - *+e 1'.

ee7 2' /2', *+* /* re622' errr re 11ee, 2' re7'e * 611e6*2' 6*2' r *+er 12*2*2' 2'2*2*e, b! *+e 1e',er. Be6ue - *+2$ 2* 2 2/7r*'* * reu1r1! re52e0 !ur 2'*2*u*2'9 r2+* - re622'6/712'6e 7rr/ e'er11!$ 0e11 * 5er2-! 6/712'6e ' *+e 2',252,u1 1e5e1 be-re 2'2*2*2' 6*2'2'* '! 'e brr0er.

The in1ormation here is (resente b*&

The Ban/ Fra! 5i"tim Center

+**7:/r*e>+/e>1'>b'=>-ru,.6/ 

Hortgage 5ervicer Hust 0rove 4p the riginal ote

n Hon( Fe' *3( *++ at 2*:88 0H( . HaE ardner $$$ maEgardnerDmaEgardner.comwrote:

Bob "vry of Bloomberg Eews is reporting that , states have held that the @ortgage =ervicer mustprove up the original note in order to proceed with a foreclosure. The allegation of$ we own the

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note will not work anymore. The Bank must produce the actual piece of paper and it must be theoriginal. lost note aKdavit will not work.

 The industry is saying we have not really lost the notes we ust cannot nd them right now. Themortgage industry contends it is caught up in the tension between the electronic age and thepapers age but "vry says it is much more complicated than this.

All consumers should challenge the foreclosure servicer and reuire proof of the original note. The notes should be held by a named custodian but in many cases the custodians cannot nd

them. "f they have really lost them$ then the servicers should be reuired to establish how andunder what circumstances they were lost and what they have done to nd them.

. HaE ardner $$$@ax Fardner:s Bankruptcy Boot CampsEext B!!T CA@>8 April L$ %&&Mwww.maE'ankruptc&'ootcamp.com >.!. Box +&&&=helby EC %M+,+;+&&&P&L.LMP.&+ 'v(P&L.L+M.%%M 'c(MMM.MP&.+LP 'f(Check out Boot Camp >hotos at8http://picasawe'.google.com/.HaE.ardner Foogle ; !. @ax Fardner """Read @ax:s Blog8 http8??blog.ncblc.com?Fovernor !. @ax Fardner Domepage8http://www.governoromaEgardner.com/  

Bank Fraud and 0redator& !ending rticles

Quick Reconve&ance Hethod ;o here<

Too Big to Fail: The $nside 5tor& o% #ow Wall 5treet and Washington Fought to 5avethe Financial 5&stem"""and Themselves

Banks to 5eiIe ne Hillion #omes in *+2*

RealtyTrac "nc. released data that indicates a possible %,X increase in property repossessions inthe next year. Banks to =eie

Bundled Hortgages 0ose 0ro'lems

7or two years$ the Darris:s have been trying to get 2ells 7argo to modify their mortgage tosomething they can a*ord. But they face one big catch8 Though 2ells 7argo services theirmortgage and is participating in the federal modication program$ it doesn5t actually own their loan. And the investors that do own the loan$ 2ells 7argo told the Darrises$ won5t allow themodication. Bundled

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2hy @ortgage #enders =hould Be Eervous

Bank o% merica 5ettles !ending 1ase

Bank of America is getting hit with //,@ settlement over Countrywide:s discriminatory andpredatory lending. This further establishes that banks are liable for loan portfolios they acuiredfrom subprime lenders who got closed down. =ettles #ending Case

Woman in !oan Fraud 5cheme ranted Bail

#A= S9FA= ;; !ne of two accused home loan robo;signers faced a udge for the rst time2ednesday. 7ormer loan title o)cer Ferri =hepperd pleaded not guilty to more than && countsof fraud. Robo;signer.

!andmark Cecision 0romises Hassive Relie% %or #omeowners and Trou'le %or Banks

A landmark ruling in a recent Wansas =upreme Court case may have given millions of distressedhomeowners the legal wedge they need to avoid foreclosure. #andmark Eational Bank v. Wesler

@ore opinions about this decision here

Banks, Foreclosure Rights Questioned

A growing number of home;mortgage holders in foreclosure are taking their lenders to court$where they are posing fundamental uestions about the banks: legal right to repossess theirhomes$ said an attorney addressing a packed crowd of lawyers Thursday at the =tate Bar ofAriona %&& Convention in >hoenix. convention

ssignment o% a Hortgage ote Without the Hortgage in Florida and Gice Gersa

"n today:s nancial world$ the law regarding the transfer of mortgage notes and mortgages in thesecondary mortgage market is uite a relevant topic. "ssues may arise of the e*ect of theassignment of a mortgage note without the assignment of the related mortgage. !ne may alsouestion the e*ect of the assignment of a mortgage without the assignment of the relatedmortgage note. assignment

LHust #ave 0romissor& oteL 1ase !aw 5ummariesL

Foreclosure rder '& Mudges in 5ummit 1ount&( hio

 The udges of the common pleas court ; general division have determined that when aforeclosure case is led the use of a certicate of readiness is reuired to be led by partiesother than the original mortgagee and note holder. The foreclosing agent must be the originalinvestor and produce the !R"F"EA# E!T9. =ee8 Eew 7oreclosure !rder

His'ehavior and Histake in Bankruptc& Hortgage 1laims

 The data reinforces concerns about whether consumers can trust

nancial institutions to adhere to applicable laws. The ndings are a chilling reminder of thelimits of formal law to protect consumers. "mposing unambiguous legal rules does not ensurethat a system will actually function to safeguard the rights of parties. !bserving the reality thatlaws can underperform or even misre has crucial implications for designing legal systems thatproduce acceptable and ust behavior. @isbehavior

earl& 27++ hundred Washington homeowners get 'ack hidden %ees and higher rates

Eearly +&& hundred 2ashington homeowners will get back the hidden fees and higher ratesthey paid to subprime lender Eovastar. The federal class action lawsuit was settled earlier thismonth. The settlement details were announced Thursday. W4!2:s #i Kones reports.

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The 5avings and !oan Ce'acle

 The so called saving and loan debacle was the result of the 7ederal Congress under thewhimsical hand of the Eational Uemocratic >arty changing the rules for chartered savings andloans. These rule changes dramatically altered the carry loss forwards for amortiing purchasedassets that contained amortied losses. Uebacle

hio 1ourt Cismissed 2= Foreclosures

 Kudge Christopher A. Boyko of the 9astern !hio 4nited =tates Uistrict Court$ on !ctober /+$ %&&Pdismissed +L Ueutsche Bank;led foreclosures in a ruling based on lack of standing for notowning?holding the mortgage loan at the time the lawsuits were led. Uismissed

5u'prime !enders Neep 1hurning ut Bad !oans

As home foreclosures continue to rise and homeowners struggle to pay abusive subprimemortgages$ subprime lenders and some policymakers keep assuring us that the market willcorrect itselfYin other words$ that skyrocketing foreclosures and poor loan performance will beenough to make subprime lenders stop marketing and approving risky loans. =ubprime #enders

meriquest 0a&ments Ha& Be ear

9arly last year$ California;based Ameriuest @ortgage Co. and related rms agreed to paycustomers %, million and change their lending practices. That came after attorneys general inthe Uistrict of Columbia and L states Y all but Sirginia$ where the company does no business Yinvestigated the company:s lending practices. Ameriuest >ayments

meriquest CownsiIes

 Tuesday:s announcement comes on the heels of a /%, million nationwide settlement in Kanuary$in which ACC Capital Dolding Corp. and its subsidiaries agreed to pay %, million to consumersand make sweeping reforms of practices that states alleged amounted to predatory lending.Ameriuest also agreed to pay /& million to L states and the Uistrict of Columbia for costs ofthe investigation or consumer education and enforcement. Ameriuest Uownsies

5TA!$ #HA5: 5ome people unknowingl& sign awa& ownership

@etro Uetroit residents in danger of losing their homes to foreclosure$ or those looking to tapeuity from their houses to catch up on overdue bills$ are falling prey to mortgage fraud scamsthat promise to rescue them from nancial peril.

"nstead of being helped$ however$ unsuspecting homeowners are tricked into believing theirhomes can be saved ;; only to later learn that they:ve lost their houses for good. =tealing Domes

Real Astate Fraud BoomsO

@ortgage scams thrive amid soaring home prices$ little regulation and$ in some cases$ complicit

borrowers. Digher rates result because of <ield =pread >remiums. 7raud Booms5chedule % !oans 0urchased From WaHu Coes ot AEist( o ssignments o%Hortgage( o llongesP

!ut of the mouth of #awrence Eardi K> @organ Chase !perations @anager8 6schedule of loanspurchased from 2a@u does not existH no assignments of mortgage$ no allonges or any evidenceof transferring ownership of loans from 2a@u to Chase.6

5ee Report here: http8??mortgage;home;loan;bank;fraud.com?articles?no;assignments;of;mortgage.htm

cwen Facing !itigation Wave

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>lainti* lawyers are currently seeking class action status for ,P federal cases being consolidatedin Chicago and the 2est >alm Beach company says it is facing //+ lawsuits altogether. !cwen'E<=98 !CE( previously wound down its savings and loan subsidiary after an enforcement actionby the !)ce of Thrift =upervision. #itigation

TeEas Mur& Rules gainst cwen

A ury in Falveston$ Texas$ has awarded ++., million to a customer of !cwen 7inancial Corp. andits former !cwen 7ederal Bank subsidiary$ after determining they committed fraud in servicing

her home euity loan. http8??mortgage;home;loan;bank;fraud.com?articles?Uavis;v;!cwen.html

R Backpedals n 0redator& !ending 5tance Will 5upport Bill That !ets 0redators The #ook.

"t:s all in the name of the bill$ stupidZ "nside sources tell us that the Eational Assn. of R9A#T!R=[will announce support for a bill that is ercely opposed by civil rights leaders and consumeractivists.!* the hook.

Belini vs. Washington Hutual Bank 

 The plainti*s$ Richard and Theresa Belini$ alleged that the defendant$ 2ashington @utual Bank$sold them a high;cost mortgage without making disclosures reuired by T"#A and euivalent

@assachusetts law. They sued in federal court$ asserting claims for damages for failure to makethese disclosures$ for rescission$ and for damages for 2ashington @utual:s alleged failure torespond properly to their notice of rescission$ under both T"#A and similar @assachusetts law. Thedistrict court held that all of the Belinis: damages claims were time barred$ without discussingseparately their claim for 2ashington @utual:s alleged failure to;/; respond to their notice ofrescission. This left the rescission claim itself and the uestion of whether there was eitherfederal uestion urisdiction or diversity urisdiction. The court found that the amount;in;controversy reuirement was not met$ so there was no diversity urisdiction$ and that there wasno federal uestion urisdiction over a claim for rescission 'as opposed to a claim for damages(because of the @assachusetts exemption from certain T"#A reuirements. Belini vs 2ashington@utual.

1ourt o% ppeals Reinstates S7 Hillion 0unitive Camage ward gainst 5ervicer

Court of Appeals Reinstates @@ >unitive Uamage Award Against =ervicer "n =tark v.=andberg$ >hoenix von Fontard$ >C  $ the Court of Appeals reinstated a six million dollarpunitive damage arbitration award against a mortgage loan servicer. 9@C @ortgage Corporationbought =tark:s loan after he was in default. The fact that the loan was in default at the time ofthe purchase made 9@C subect to the 7air Uebt Collection >ractices Act$ even though it wascollecting its own loan. The arbitrator was outraged at the lender:s disregard for the borrower:sright '+( to be free from physical intrusion into the home and '%( to be represented by legalcounsel. De decided that the prohibition in the arbitration agreement against punitive damages6. . . as to which borrower and lender expressly waive any right to claim to the fullest extent

permitted by law6 might not prohibit punitive damages because the law did not expressly permitthe borrower to waive such damages. 7urthermore$ the arbitration agreement incorporated@issouri law and public policy$ which prohibited waivers of this nature. =tark vs 9@C.

S8(+++(+++ Mur& ward gainst cwen

>lainti* Attorney8 Dilliard @uno$ #.#.>.

 Kury nds !cwen 7ederal Bank guilty of malfeasance and criminal conduct and awards plainti*/$&&&$&&&.&&. Fuman vs. !cwen

Think Twice Be%ore Telling a !ittle !ie to &our !ender

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"f you needed to stretch your actual income to ualify for a mortgage to buy the house you love$would you consider telling a little white lie$ bbing to your lenderV #ittle #ie.

0redator& !ending Bill $ntroduced

Eew Bill 9xpands Domeowners: >rotection Against >redatory #ending. !n 2ednesday @arch Rep. Brad @iller$ Rep. @el 2att and Rep. Barney 7rank introduced a bill that would protecthomeowners from predatory lenders signicantly better than current federal law. @odeled afterEorth Carolina:s successful anti;predatory lending law$ the bill would eliminate existing loopholes

in federal law. #ending Bill.

Widespread Hortgage Fraud Threatens mericas #omeowners( ew Report Finds

Dome "nsecurity8 Dow 2idespread Appraisal 7raud >uts Domeowners At Risk$ reveals troublingevidence that many American homeowners and buyers are at nancial risk from mortgageappraisal fraud. As a conseuence$ countless homeowners have borrowed more money thantheir homes are really worth. @ortgage 7raud.

S7+ Hillion 5ettlement with First lliance Hortgage 1ompan&

 The settlement$ awaiting approval by a federal court$ is expected to return %$,&& to /$/&&each to +M$&&& 7irst Alliance borrowers in +M states and the Uistrict of Columbia. =ettlement.

What $sn,t Cisclosed 4nder the Truth in !ending ct?

7ive pieces of important information that are not disclosed are identied by writer$ >rofessor of7inance 9meritus Kack Futtentag at the 2harton =chool of the 4niversity of >ennsylvania. 2hatisn:t Uisclosed.

HaUor Hortgage !ender 5ues %or Hillions in Real Astate Fraud

A maor wholesale mortgage lender is suing an "ndiana mortgage broker$ a title company and anappraiser for allegedly using in3ated appraisals to bilk the lender out of millions of dollars$ the7ort 2ayne Eews;=entinel reported. Real 9state 7raud.

FT1 5ettles Ceceptive !oan 1ase

Capital City @ortgage$ a mortgage lender and servicer has settled 7ederal Trade Commissioncharges that it deceptively induced consumers into taking loans secured by their homes$overcharged borrowers$ and$ in some instances$ caused consumers to lose their homes. Thesettlement permanently bans the defendants from future lending fraud and reuires them to payconsumer redress and other monetary relief totaling at least P,&$&&&. =ettles Case.

Fannie Hae Cismisses 1A( 1F

7ranklin Raines$ the powerful and politically savvy C9! of 7annie @ae$ was forced out Tuesdaynight by the mortgage nance company:s board of directors$ bringing an end to a contentious$

three;month public brawl over the uality of 7annie:s nancial statements. Uismiss Raines.0oll: #al% o% mericans Worr& 'out Ce'ts

2A=D"EFT!E ; Uuring a season with shoppers racing about to wrap up holiday spending$ half ofAmericans say they worry about their overall level of debt$ an Associated >ress poll found. >oll.

Hore 4.5. #ome Bu&ers Fall 0re& to 0redator& !enders and 5u'prime !oan Harketrows Cespite Trou'les.

 Two great articles about how =ubprime lenders provide mortgages or home euity loans topeople$ including high;income borrowers$ who don:t ualify for conventional nancing. =uchlenders accept credit scores below the %&;& threshold generally needed for prime nancing

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and reuire less;stringent income documentation. And how =ubprime lending 'higher;interestloans to consumers with impaired or non;existent credit histories( has been the fastest;growingpart of the mortgage industry. Domeowners 7all >rey.

meriquest ccused % ,Boiler Room, Tactics

@onday$ 7ebruary &P$ %&&, ; 4>" #!= AEF9#9=$ '4>"( ;; Ameriuest$ the largest sub;prime 4.=.lender$ has been accused of allegedly fabricating data$ forging documents and hiding fees.Copyright %&&, by 4nited >ress "nternational 4sed 2ith >ermission. Boiler Room.

Was Jour Jield 5pread 0remium Cisclosed?

9ven if mortgage brokers yield to pressure to make clear and timely disclosures of controversialyield spread premiums '<=>:s($ consumers will still have to contend with a substantial segment ofthe mortgage industry that doesn:t have to disclose <=>:s. 2as <=> UisclosedV

Hortgage Borrowers File R.$.1.. !awsuit

 Two former Tennessee customers of nationwide mortgage lender Dousehold "nternational arecharging in a Eashville federal court that the corporation was functioning as a racketeeringoperation when it o*ered misleading loan terms to its potential clients. R.".C.!. #awsuit

ation in Ce'tAll Things Considered =eries 9xplores America:s Borrowing Culture. Eation in Uebt.

Financial Aducation: o 5u'stitute %or 0redator& !ending Re%orm

As consumers today enoy more access to credit from a wider variety of sources$ opportunitiesalso have expanded for predatory lending in subprime markets. 9ducation is one way to helppeople achieve nancial literacy and avoid abusive loans$ but it does not represent a panacea. "nthis paper$ we provide a brief overview of literacy programs and discuss why education alone willnot adeuately address predatory lending issues. 9ducation.

Freddie Hac 5candal 1ould #urt #ousing Harket

2ho is 7reddie @ac$ and why should a corporate governance scandal and an =9C investigation$as well as a criminal investigation into 7reddie @ac$ impact housing pricesV =candal.

Federal Trade 1ommission !etter Cated Fe'ruar& @( *++*

 This letter responds to your reuest for information regarding the enforcement activities of the7ederal Trade Commission '6Commission6 or 67TC6( under the Truth in #ending$ Consumer#easing$ 9ual Credit !pportunity$ and 9lectronic 7und Transfer Acts '6Acts6( during the year%&&+ for use in preparing the 7ederal Reserve Board5s '6Board6( Annual Report to Congress. <ouhave asked for information regarding the Commission5s enforcement activities pursuant to thoseActs$ including methods of enforcement$ and the extent to which compliance is achieved by

entities subect to the Commission5s enforcement authority. Also$ you have asked whether theCommission recommends any changes to these laws or their implementing regulations or wishesto provide other comments or observations. 7TC #etter.

udit Review o% First 1ount& ational Bank 

 The examination report stated that the bank:s level of compliance with consumer laws andregulations was less than satisfactory. The examination report noted many violations of theR9=>A$ T"#A$ and B=A. =ince the examination$ management has taken steps to ensure correctiveaction. This review revealed that such actions have been e*ective in correcting noted violations.Audit Review.

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Brokerage Fined %or 0redator& !oans to Black #ome"Bu&ers

DARR"=B4RF$ >a. ; A state agency has hit a black;owned mortgage brokerage with nearly+&$&&& in damages and nes for so;called 6reverse redlining6 ; selling loans with predatoryterms to black families. >redatory #oans.

vervalued ppraisals in a 5o%tening Harket

 The Eew <ork Uaily Eews ran a story today on the problem of in3ated appraisals. The article

addresses run of the mill overvaluation. !vervalued Appraisals.Recent Hassachusetts Federal 1ourt 1ase Ha& 5pur Truth $n !ending 1lass ctions5eeking Rescission o% Hortgage !oans

A recent court decision may trigger a new wave of Truth in #ending litigation in @assachusetts.@c"ntosh v. "rwin 4nion Bank Trust Co.$ %+, 7.R.U. % 'U. @ass. %&&/($ holds that a suit seekingrescission of a mortgage loan due to Truth in #ending Act 'T"#A( violations can properly bemaintained as a class action. Class Actions.

abn amro?island mortgage

5earch %or 145$0 um'er

#ow do $ )nd the 145$0 num'er %or a Hortgage Backed 5ecurit&?

4nfortunately$ this can be a little di)cult as 145$0 num'ers are owned and created by themerican Bankers ssociation and operated by 5tandard V 0oor,s. To get access to thewhole database of C4="> numbers$ which mainly cover 4.=. and Canadian equities along with4.=. government and corporate debt$ you will need to pay a fee to =tandard >oor:s or a similarservice that has access to the database.

Dowever$ while gaining access to a C4="> number has been di)cult in the past$ there are now afew resources that can be used to access C4="> numbers. The rst is that individual companieswill often display their C4="> numbers to investors on their websites.

But the easiest way to gain access to this is through the active uote search on the Fidelit&$nvestments we'site. <ou do not need to be a member or have an account. =imply enter the

company you are looking for and the C4="> will be displayed for you. 7or example$ if you arelooking for the C4="> for Ford Hotor Company ust enter the name of the company and theC4="> number will be shown '/L,/P&M&(.

What is a 145$0 num'er?

" had no idea what a C4="> number was$ so this answer took me a bit of researching$ something "enoy immensely. According to the 5A1$ a C4="> 'Committee on 4niform =ecurities "dentication>rocedures( number 6identies most securities$ including8 stocks of all registered 4.=. andCanadian companies$ and 4.=. government and municipal bonds. The C4="> systemYowned by

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the American Bankers Association and operated by =tandard >oor5sYfacilitates the clearingand settlement process of securities.6

"f you:re trying to nd a C4="> number$ you:re looking for a number that identies a type ofsecurity 'for more on securities and C4="> numbers " invite you to read 'out 45 Aconom&and Business(.

7rom my research$ " found that one way to access the entire C4="> database actually takes asubscription to 5tandard V 0oor,s or a similar service that has access to the C4="> database.

Dowever$ " did nd that there are a few ways around this.

C4="> stands for Committee on 4niform =ecurities "dentication >rocedures. 7ormed in +%$ thiscommittee developed a system 'implemented in +P( that identies securities$ specically4.=. and Canadian registered stocks$ and 4.=. government and municipal 'onds.

 The 145$0 num'er consists of a combination of nine characters$ both letters and numbers$which act as a sort of C for the security ; uniuely identifying the company or issuer and thetype of security. The rst six characters identify the issuer and are assigned in an alphabeticalfashionH the seventh and eighth characters 'which can be alphabetical or numerical( identify thetype of issueH and the last digit is used as a check digit.

 The C4="> =ervice Bureau is operated by 5tandard V 0oor,s on behalf of the American BankersAssociation 'ABA(. 2hen setting out to develop the C4="> system of identication$ the ABAbasically had two main criteria it was trying to meet. 7irst$ it wanted the identication to containthe fewest number of characters possible and to be linked to an alphabetical seuence of issuernames. =econdly$ it recognied that the system should be adeuate given the current operatingreuirements while having the 3exibility to adapt to any future needs or changes in theoperating s&stems. 7or more information on the C4="> system$ visit =tandard >oor:s 145$05ervice Bureau.

#ow to 5earch '& 145$0

 <ou can use Fidelit& $nvestment,s uick look;up tool to nd a C4="> number$ as well as a fundnumber or trading symbol.

 The Bloom'erg 1enter at #arvard Business 5chool has a good basic C4="> lookup.

=tandard and >oor:s Nenn&We'is a stellar resource not only for looking up C4="> numbers$ butnancial information of all kinds. 5allie Hae o*ers a simple C4="> search.

#ow do $ get a 145$0 num'er assigned to a securit&?

"nformation about reuesting a C4="> for a new issue can be obtained from the 145$0 5erviceBureau. <ou may also refer to >art 7our$ =ection +'f( of the Purposes and Procedures Manual of

the NAIC Securities aluation !"ce for instructions on how to obtain a C4="> number.

#ow to Find a Bond 145$0

C4="> stands for Committee on 4niform =ecurities "dentication >rocedures. 9very stock or bondhas its own C4="> number$ which helps identify the specic security. According to the AmericanBankers Association$ there are over M.L million C4=">s in use. There are two ways to get theC4=">8 one reuires a fee and the other doesn:t. Both methods are reliable.

ther ptions

+. >ay a fee to the American Bankers Association to access their database of C4="> numbers. Thewebsite is referred to as C4="> Flobal =ervices 'CF=(. The fee varies according to the number ofusers$ the type of investment product 'bond$ stocks$ mortgage;backed security($ the amount

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of detail you need$ and the time you need access to the database. =ee Resources for contactinformation to reuest a uote on a subscription.

%. Fo to the 7idelity $nvestments website. <ou do not need to be a client of 7idelity in order tolook up the C4=">.

/. 9nter the name of the company and the C4="> will show up. The best way to search is byticker symbol. 7or instance$ the C4="> for Cheescake 7actory 'J5A 8 CAW9( is8 +/&P%+&+.

L. "f you cannot nd your @ortgage #oan C4="> number contact me. " will help you get the C4=">number for your securitied mortgage note for a small fee.