Truth In Lending Act

[JacMac]

[QUOTE]JacMac, maybe we can review your docs also as a test and see if we can start using this as a tools to stick it to these lenders.[/QUOTE]


Gosh, Moe, I would be so grateful. I was just thinking I needed to have them reviewed by somebody. I'm sure a knowledgeable person would find a lot of interesting things in them. How would I go about getting that done?

[Andrew]

Brian I will send over the rest of the docs today. I had them all in one file and it was about 32mb my email server wouldnt let me send them out. Ill break them up into files. Its 61 pages total.

[Andrew]

oh boy oh boy. Countrywide called today. They want your info Brian (Address etc.) Should i supply it? It was on my voicemail. By the way i taped the phone call yesterday my phone enables phone recording and puts the beep in every 10 seconds lol.

[Brian K.]

you need to call me.

[Moe]

sswiz, talk with Brian first and see how he wants you to do this. What's the deal with the beep, is this a law in PA or a fed law?

[Moe]

JacMac,

Let's have Brian review them for you. He has agreed to review loan docs for a few select members of Loan Safe, because we are going to team up on my plan with this website and we are going to use the law to stick it to these lenders that do not want to play ball.

We will make them play our game!

[Andrew]

yeah I called your office yesterday and left a message. Just tried calling again and left one message and tried the locate you thing on your voicemail.

[Andrew]

Moe,

btw PA is both party consent

One-Party Consent
One-party consent means that at least one person is aware of the phone recording. The laws and regulations on phone call recording differ by federal and state governments. These regulations are based on wiretapping and eavesdropping legislation. Only one party consent is required in thirty-seven states and the District of Columbia; this means that you are allowed to record conversations which you are party to without informing the other party. Additionally, regardless of the state, it is not legal to record a call to which you are not a party, or a call that you do not have permission to record. It is not legal to disclose the content of an illegally recorded conversation, except where litigation is concerned.

All-Party Consent
All-party consent involves notification that the phone call is being recorded. This may be verbal notification or in the form of an intermittent beep that both parties on the line can hear. Twelve states in the United States require all party consent, whereas most states have only one-party consent. If the telephone call recording is on an interstate level, make sure you follow the regulations of both states.

[Andrew]

it just keeps on getting weirder and weirder. Countywide called me again the hope now dept. Saying they need to update my financial's meanwhile I gave them Brian's info earlier after I spoke to him. They said they are forwarding my updated financial's to the negoitor. But its the same info they had already. They are showing that I only have 35 left over a month. Will see but its not a rate reduction which would have been good. Interest will stay at 8.29

[Moe]

I would wait for Brian. He may be able to get that lower and get some cash???? If they violated the law, they shall pay, no?

If you gave them a check that was fraudulent or something of the sorts, I'm sure they would take action against you.

[Andrew]

Yes I am going to wait for Brian.

[Andrew]

Wow. Maybe things may be changing. Received another call from countrywide today (In the meantime before i said i had submitted my docs to a lawyer I never got calls). Well my negoitors supervisor called and was very nice. She said she will go over my case and look for rate reduction now. She gave me her direct phonen umber and even extension. And I tried calling back that number and it did patch me straight through to her. So we are keeping our fingers crossed.

[Andrew]

I was just reading over the truth in lending disclosure. It says amount financed was 212,791.91 but my loan was for 221,000.00. What's up with that?
Also under impound authorization I pay my taxes separately. And it is marked that impounds and mortgage insurance is required. But I haven't paid mortgage insurance. My house appraised at 260,000 for that loan so it was well over 80%. IT was 85% LTV
Don't know if this makes a difference. But first payment was to go to home loan center dba lending tree. We sent payment on time to them. Then Countrywide called and harassed us around the 5th of March. Meanwhile our payment was cashed by homeloancenter. Countrywide also charged me late fees on that month. But I was able to have them dropped but it still shows on my transaction history. Isn't the new lender supposed to give you 60 days and cant mark you late for mailing the payment to the original holder of the note?