Simple interest loans

Question to Moe, Cat or anyone else who knows about TILA: Does TILA apply to HELOC on purchase of a home, i. I have questioned attorneys all over the country..... The attorney I work with used to be a title agent and swears you have a right to rescind a HELOC on a purchase.... Moe, I attended a seminar today in Orlando on defending foreclosures given by April Charney. I read an article you wrote about April - She is absolutely fantastic and I have bene following her for a while. Unfortunately, I did not get to ask her the question above because she was swamped and wanted to get out of there early. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Things have been pretty busy and hectic in my life.

My log-in here was through my e-mail with my former employer and I tried to start new i.

Some good news: I was just featured on the abc affiliate in Orlando two days ago re: inflated appraisals. I filed a complaint against the appraiser with the State and they charged him with numerous violations. The Final Hearing is in early August he is attempting to cut a deal to get 6 months probation, pay a fine and take some ethics classes but the State does not have to accept that. As I mentioned before, I had the pleasure of seeing April Charney yesterday in person at a seminar in Orlando and she had great info. I know Moe interviewed her before and knows her, so maybe he can pass my question onto her as well. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

Please Read our The attorney I work for claims there is a right of rescission on HELOC purchases.

I asked him a few times and he swears there simple interest loans is one. However, several say the HELOC is considered a 2nd mortgage and it absolutely applies......?!

In my experience Helocs are subject to TILA as any loan. However, if the Heloc was concurrently closed simple interest loans with a first mortgage on a purchase, there is no rescission. Typically on purchases there is no 3 day to cancel that cash advance no credit check is why there will not be a NORTC in your docs. There are limits to the fees that are charged on the entire transaction (1st and 2nd combined) based on Section 32, an Anti-Predatory Lending Law. My apologies, but I have very poor credit personal loans heard from attorneys all over the country, and I work with an attorney who was a title agent and there are differing opinions.

I need to hear from someone who is a loan simple interest loans officer or a title agent for verification, or an attorney who is a real estate expert. I am going to try and contact attorney April Charney on Monday via the attorney in my office (they are members of NACA). Charney is a nationwide expert in foreclosures and predatory lending. I am a Notary Public for the State of california, Loan Processor and I have been a Loan Officer, my recent job was an Escrow Officer with which I have to work closely with title officers and their assistants. I held a Real Estate License for the State of California, however it expired in 2007, I am actually renewing it now. I have been working in this applying for a personal loan industry for 11 years and I am 32. As a Notary I am certified in Loan Document Signing and it is my specialty. Basically, I know how to draw loan documents properly, work them up as an Escrow Officer, sign them as a Notary, Fund as a Processor etc....... Unfortuantely our industry has been hit hard and I went from living comfortably to barely surviving and that is why I am fighting Indymac for my loan modification. My friend had a HELOC with Chase and sold the house that it was secured by.

She is in another home and has used that HELOC after she had called Chase explaining that she no longer owns that home. She is now struggling with her current mortgages in which she already has a 1st and a 2nd, trying to work out a loan modification. What would be the reprocussions of defaulting on that loan?

Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years need fast money now either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. My first mortgage is with Citi and they just agreed to modification I am now in trial payment period.

My question is payday loans no very bad credit payday loans faxing do I have any negotiating power with my Chase HELOC if I am not upside down on mortgage??? My question is do I have any negotiating power with my Chase HELOC if I am not upside down on mortgage??? If not, I would recommend you simple interest loans contact a local real estate agent and request a CMA (i. Unfortunately, if you do have equity in the property Chase has the authority to foreclose on the property if you were to default on the account. But that does not leave out the possibility for a settlement, and you will find many others who have pursued this option in the following thread: The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Get free mortgage help today.

Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. I think your friend must have papar work from Escrow when she sold her house. If the HELOC was paid off, the final HUD should show it is paid through Escrow. When is the best time to try to negotiate a short payoff of a HELOC? This question is in respect to a situation where you have both a 1st and a 2nd with the same lender. Any advantages or disadvantages either way and how will the lender react?

If you negotiate a short payoff on a HELOC, will the same lender delay or accelerate a foreclosure or take a different path like decide to go after a payday loans no brokers bad credit deficiency?


Pay advance

What will happen If I stop the payement in order to process for ssi payday loans loan modification? You will have to look at your loan documents simple interest loans to see what type of loan you have............. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our When is the best time to try to negotiate a short payoff of a HELOC?

This question is in respect to a situation where you have both a 1st and a 2nd with the same lender. Any advantages or disadvantages either way and how will the lender react?

If you negotiate a short payoff on a HELOC, will the same lender delay or accelerate a foreclosure or take a different path like decide to go after a deficiency? I hope you are still viewing and participating in this Thread. I quoted the Message above, because I have exactly the same question, except that my 1st and HELOC are not the same lender. What will happen If I stop the payement in order to process for loan modification? The refinance was probably for your main mortgage on the home.

My suggestion is to call your lender ASAP and let them know what your situation is and let them know you are struggling and need a modification.

You will have to look at your loan documents to see what type of loan you have............. I have same lender first and Heloc and try to simple interest loans loan md. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.