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Gigi in Florida · 07-11-2008, 03:40 PM

Question to Moe, *** or anyone else who knows about TILA: Does TILA apply to HELOC on purchase of a home, i.e. the 80/20 ARM disasters...? I have questioned attorneys all over the country.....and keep getting different answers. The attorney I work with used to be a title agent and swears you have a right to rescind a HELOC on a purchase....other agree, some disagree.

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.

If you could clarify this for me I would appreciate it!!

Thank you!!

07-11-2008, 03:40 PM	#11 (permalink)
Gigi in Florida Member Join Date: Jul 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Heloc Question to Moe, *** or anyone else who knows about TILA: Does TILA apply to HELOC on purchase of a home, i.e. the 80/20 ARM disasters...? I have questioned attorneys all over the country.....and keep getting different answers. The attorney I work with used to be a title agent and swears you have a right to rescind a HELOC on a purchase....other agree, some disagree. 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. If you could clarify this for me I would appreciate it!! Thank you!!