Loan Rescission - When Three Days Really Means Three Years - Page 2 - Loan Modification Forum

JessPhil · 12-15-2008, 10:53 AM

It was a refi.

Moe Bedard · 12-15-2008, 11:57 AM

You should have received the ROR............but in these cases the back up funding would need to be in place...........which most are not able to do........and to fight it............it can become very costly in legal fees..........

and it really isn't useful for a short sale negotiation.

MtnMan · 06-11-2009, 09:34 PM

Is there any case history for a successful loan recission under TILA where the borrowers copies of the notice of right of recission were never removed from the borrowers package and signed? (they were correctly dated and the banks copy was signed and returned to the bank)

The return of two years of payments due to a loan cancellation might just be enough to recover from being upside down so we could sucessfully sell the property.

12-15-2008, 10:53 AM	#26 (permalink)
JessPhil Member Join Date: Sep 2008 Posts: 12 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Rescission - When Three Days Really Means Three Years It was a refi.

12-15-2008, 11:57 AM	#27 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Rescission - When Three Days Really Means Three Years You should have received the ROR............but in these cases the back up funding would need to be in place...........which most are not able to do........and to fight it............it can become very costly in legal fees.......... and it really isn't useful for a short sale negotiation. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer 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 Here.

06-11-2009, 09:34 PM	#28 (permalink)
MtnMan Member Join Date: Apr 2009 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Rescission - When Three Days Really Means Three Years Is there any case history for a successful loan recission under TILA where the borrowers copies of the notice of right of recission were never removed from the borrowers package and signed? (they were correctly dated and the banks copy was signed and returned to the bank) The return of two years of payments due to a loan cancellation might just be enough to recover from being upside down so we could sucessfully sell the property.

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