Credit Professor Radio: Foreclosure and Your Rights
What do you do if your house is in danger of foreclosure?
Learn about your rights and how the law affects you. Listen in as host Lee Rodrigues and “The Credit Professor” Regis Sauger give juicy strategies you can use today. The show will be recorded live on April 15th at 3:00 PST you can go [...]
Lost Note Foreclosure Defense
There is a secret strategy for defending your home that the banks don’t want you to know about. When Washington Mutual took Joe to court to foreclose on his home, he asked them to produce the original note that he signed. But they had conveniently lost this note, which is his legal promise to pay the mortgage. Without this original signed document, the lender could not prove the debt, and so the judge threw out the case.
Beware Of Foreclosure Short Sale Scams
When you sign a deed in lieu of foreclosure in a short sale, the foreclosure may still show up on your credit report! Always get the bank to put it in writing.
Facing Foreclosure In Court
If you play in a baseball league, and you don’t show up for a game, the other team wins by forfeit. It works the same way in the legal system.
If you fail to defend your foreclosure simply because you did not answer the complaint, then the judge will automatically give the plaintiff (lender) a “default judgment”. Here’s how you can defend yourself.
