Foreclosure Road Block

Did you know that federal law protects consumers from misleading lending practices by home mortgage companies? Under one such law, The Truth in Lending Act, lenders are required to fully and accurately disclose all of the details of the mortgage agreement and other types of consumer loans. When a lender doesn't comply with the Truth in Lending Act, you may be able to rescind or renegotiate the loan without damaging your credit.

Did you know that the lender foreclosing on your home may not have a legal right to do so? In many cases the lender servicing your mortgage is not the owner of the "Note" and under the law may not have any legal right to foreclose on you. A simple examination of your mortgage documents to identify the entity that has a right to sue you in foreclosure could delay the process or even stop foreclosure.

Members of You Be Aware have access to information that arms those facing home foreclosure and debt problems with helpful information that may assist you in understanding the law so you can discuss matters intelligently with your lawyer. If you believe your mortgage company may not have complied with the Truth in Lending Act, you should check out our "Document Audit" service. This service examines your mortgage documents for errors, omissions and predatory lending practices that could be used to force your lender to restructure your mortgage in your favor or even rescind the mortgage altogether.

If your lender failed to comply with all of the requirements of the Truth in Lending Act, you may be able to use these errors and other favorable laws to stop foreclosure of your home and fight back to restructure your loan in your favor.

What Are Truth In Lending Act Violations? Here are examples of lending practices that are illegal under the Truth in Lending Act (also known as TILA):

• Failure to disclose annual percentage rate and payment amounts
• Failure to disclose prepayment penalties, due dates and late charges
• Failure to disclose service or loan application fees
• Failure to write in an expiration date of your notice of right of rescission (right to cancel) on the loan document

This is only a partial list of Truth in Lending Act violations. If you are facing home foreclosure or debt problems and feel you have been taken advantage of, or if you're behind on your mortgage payments and concerned about what can happen to your family, you need to become a member of You Be Aware and let the "Power In Numbers" work for you and your family.

What is my next step?

There are 2 ways in which you can become a member and have the peace of mind and protection offered by our program.

First, you can become a member and register for and attend one of our free educational workshops at no obligation or cost to yourself. The 2 hour workshop held in any one of a number of venues in Florida each month will provide you with all the information you need to decide which program will best protect you and your home.

Click Here to register for a FREE workshop

Second, since our workshops are currently only held in a limited number of venues it may be too far for you to travel to attend at short notice and in this case you can follow the process outlined below. This method allows you to satisfy yourself that our programs can be of help in your situation.

NOTE - You will certainly want to attend a workshop at your earliest convenience in order to ensure you fully benefit from your member services and become educated about how you can save your home or fight back against your lender.

If you are unable to attend a workshop in the immediate future you will need to become a free member and request a personal interview with one of our processing agents. Click Here to become a free member. The Agent will take a brief application and collect information about your personal situation.

We will need some basic information about your mortgage, like how far behind are you, have you had a recent hardship, your mortgage interest rate, your payments, and the name of the lender. We will also need to know whether you have more than one mortgage and other basic questions that will allow us to review your application to see if we can help you.

Within two to three days your application will be processed, and if you get a tentative approval you will have the opportunity to discuss your case on the phone. We will fully explain how our program works, why we believe we can help you and this service is FREE to you.

You are under no obligation and it is up to you if you would like to become a member and take advantage of our services. If you do decide to join us, you will have the opportunity to be part of the You Be Aware family where "Power In Numbers" makes a difference.

The next steps?