Best Foreclosure Defense Available to Consumers

Best Foreclosure Defense Available to Consumers

TILA rescission is one of the best statutory consumer foreclosure defense because it enables homeowners to unwind their entire mortgage transaction and get a refund of nearly all money paid to the lender, including monthly interest and closing costs. A subset of TILA, called HOEPA, offers even greater benefits that can generate substantial damages for the homeowner.

To qualify, the loan must have been used for your primary residence and not be older than 3 years old (HOEPA loans can be longer). Most importantly, the loan must have been used to refinance the home. That is, the loan must be a refinance under three years old. If those things apply, you should have your loan evaluated for TILA rescission based on faulty disclosures.

The book 23 Legal Defenses to Foreclosure walks you through that evaluation process. If you are in Ohio, contact Attorney Troy Doucet at (614) 944-5219.

 

Did you like our article? Please follow us on Facebook and Linkedin to catch our most recent articles!