How does the Truth In Lending Act help stop an Alabama foreclosure?
We’ve talked in other articles about various laws that can help stop a foreclosure, such as RESPA, the FDCPA, and the FCRA.
Today we’re going to talk about TILA, the Truth In Lending Act.
There are a couple of provisions that come to mind when we talk about the Truth In Lending Act that may be able to help you if you’re facing foreclosure.
One provision is that,… (Read more)
Why checking your credit reports before and after a foreclosure is vital
A large part of our practice at Watts & Herring is helping people who are facing foreclosure in the state of Alabama.
In addition, we help consumers with credit reporting errors.
Are these two practice areas completely separate, or do they merge together from time to time?
Sometimes they merge.
This is why we recommend checking your credit reports whether you’re facing a foreclosure, or you’ve just gone… (Read more)
Should I ignore lawyer advertisements that are telling me I’m facing foreclosure?
If you’re getting advertisements from bankruptcy lawyers, or any lawyer for that matter, you should take them seriously.
Most of the time, if you’re getting these letters, that means that there’s a public record out there that says you’re being foreclosed on.
That most likely has the date of your foreclosure as well.
Because of this public record, these lawyers are mailing you letters about their services.
Whether… (Read more)
Let’s say that you have a first mortgage.
This is also your main mortgage, and you have a second mortgage.
Then you go through some hard times, and the first mortgage forecloses on you.
You don’t have to pay off the second mortgage, and once the foreclosure happens you don’t own the property anymore.
This makes the second mortgage an unsecured debt since there’s no dirt to tie to the debt.
Naturally, the question is asked, “Can I be sued… (Read more)
Can I be sued for a deficiency from a deed in lieu of foreclosure in Alabama?
We’ve talked in other articles about if you can be sued for a deficiency, and about if you can be sued for a short sale in Alabama.
The answer is yes to both of those questions.
What about if you do a deed in lieu of foreclosure?
This is where you take your deed and give it to the mortgage company and say, “I’m… (Read more)
Suing your mortgage company under the authority of your mortgage can be a very powerful tool to stop an Alabama foreclosure.
We explain why this is a secret that your mortgage company does not want you to know about.
But it is sometimes helpful to see something, not just hear about it. So here is the text from a lawsuit we filed against Lakeview Loan Servicing, LLC to stop a foreclosure in Alabama.
These are the allegations — I’m sure… (Read more)