Who Can Help. I’m Running Out of Time!!!?
Posted on June 7th, 2010 by admin
I am trying to avoid a foreclosure on the home I have lived in for 16 years. I might have to sell it on a Short Sale. Are there any condos/town-homes in Oakland County that will rent to people with less than good credit?
You might want to consider a forensic audit of your loan process. Lenders have many requirements that they are supposed to follow when making a loan and in the last few years have not fulfilled their requirements.
Nearly all loans that were – ARM’s, Stated Income, Investor, No Doc, had a prepayment penalty, were made to someone speaking a foreign language – were made out of compliance. The audit will show what the lender has done in violation of the lending requirements.
You use their violations of RESPA, TILA and Predatory Lending laws to give yourself a position of strength in dealing with them, instead of being under their thumb begging for help.
People can use this information to force a lender to negotiate a reduction of the principal amount, interest rate, the payment, or to complete a short sale.
Good Luck!
June 7th, 2010 at 7:43 pm
most ghetto areas will rent to people with bad credit.
As for the rest, if you have time for a short sale you need to find a RE agent who specializes in them.
Find one at http://www.cdpe.com
References :
June 7th, 2010 at 8:04 pm
You might want to consider a forensic audit of your loan process. Lenders have many requirements that they are supposed to follow when making a loan and in the last few years have not fulfilled their requirements.
Nearly all loans that were – ARM’s, Stated Income, Investor, No Doc, had a prepayment penalty, were made to someone speaking a foreign language – were made out of compliance. The audit will show what the lender has done in violation of the lending requirements.
You use their violations of RESPA, TILA and Predatory Lending laws to give yourself a position of strength in dealing with them, instead of being under their thumb begging for help.
People can use this information to force a lender to negotiate a reduction of the principal amount, interest rate, the payment, or to complete a short sale.
Good Luck!
References :