Practicing Personal Injury Attorney at Matrix Law Firm in Los Angeles California
One of the main objectives of mortgage litigation is to stop foreclosure, or avoid foreclosure, and save your home.
In many cases, it is possible for a borrower in foreclosure to keep possession of their property without making mortgage payments for a period of time due to violations of Federal Law by the mortgage company.
The Truth In Lending Act (“TILA”) and the Real Estate Settlement Procedures Act (“RESPA”) are violated daily by lenders and mortgage companies. These loss mitigation laws are in place to protect you, the homeowner, but they are often completely disregarded. Your loan is probably unlawful, and you may be entitled to substantial damages whether or not you’re currently in foreclosure.
Not only can the Truth In Lending Act be used to immediately stop the foreclosure process (if you currently are in foreclosure), but it also lets you avoid bankruptcy and it puts money in your pocket. Once TILA and/or RESPA violations are discovered in your loan documents, your lender will be eager to discontinue the unlawful foreclosure process and settle the dispute.
The Federal Truth in Lending Act is a very specialized area of law, and only a few attorneys in the country are able to take on mortgage companies in this regard. Matrix Law is on of them.
Most loans (especially those in foreclosure) will qualify for the program, but time is critical. The program requires time to fully analyze and evaluate your mortgage documents and then prepare the lawsuit. Here is an overview of how the program works:
Our mortgage litigation attorneys scrutinize the mortgage documents you received upon the closing of your loan(s) and look for TILA, RESPA and/or HOEPA violations by your lender. Nearly every loan has at least some violations.
Then we immediately file a Federal lawsuit on your behalf, and place a Lis Pendens on the property to stop foreclosure (if applicable) and begin litigating your causes of action against the lender(s).
We reach a settlement agreement with the lender (most cases) or continue on to trial (rare situations) and demonstrate to a judge or jury how the lender has willfully failed to comply with Federal Law.
We at Matrix Law are here to help. If you have any questions, or would like to make an appointment to speak with one of our attorneys, please contact our office.
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