truth in lending lawyer: Contreras v. US Bank, Arizona Wrongful Foreclosure Lawsuit - Case Brief! - 01/25/11 08:28 AM
Here is a brief of a case that deals with Arizona wrongful foreclosure law.  This is not intended to serve as legal advice, or a substitute for legal advice.
Contreras v. US Bank, No. CV09-0137-PHX-NVW. (Dist. Ariz. 2009).
Facts: Mr. and Mrs. Contreras purchased a home located at 8220 West Georgia Avenue, Phoenix, AZ in January 2006. To purchase the property they obtained a mortgage through Act Lending Corporation doing business as “Act Mortgage Capital”(ACT). The loan amount was $488,000. The mortgage Deed of Trust identified ACT as the Lender and the Trustee. It also names MERS as the beneficiary under … (0 comments)

truth in lending lawyer: do you have the legal right to know who owns your loan? Under New Truth in Lending (TILA) Amendment, the answer is AMAZINGLY, YES! - 06/02/10 10:08 AM

           Under a recent amendment to Truth in Lending Law signed into law on May 20, 2009, (The Helping Families Save Their Homes Act of 2009) a creditor that purchases or is assigned a mortgage loan (including hedge funds or other investment funds), even if from affiliate entities, must notify the borrower in writing of a sale or transfer of his or her mortgage loan, not later than 30 days after the transaction's completion.  The new subsection 131(g) of TILA is codified at 15 U.S.C. 1641(g).  
 For purposes of this disclosure obligation, the term "mortgage … (0 comments)

truth in lending lawyer: What does an attorney look for in a mortgage audit? - 08/15/09 07:35 AM
We are often asked what we look for in a forensic loan audit.
Typical items we look for when conducting a forensic loan audit:
(1)    Did each borrower or person with ownership interest in the property get two copies of the proper Notice of Right to cancel with the Rescission dates filled in?  (Federal Truth in Lending requirement - TILA).
(2)     Were the material TILA disclosures made, and were they accurate if made (APR, Finance Charge, Amount Financed, Total of Payments, Payment Schedule).  If these disclosures were not or defective in nature, an extended three year right of rescission exists in … (2 comments)

truth in lending lawyer: California Loan Modification Lawyer: Forensic Loan Audit - If your lender made serious legal errors they should be held accountable - 09/29/08 07:30 PM
California Homeowners are you facing foreclosure?  Have you received a notice of default?  Are you running late on your home loan payments?  Is your adjustable rate mortgage (ARM) about to adjust confronting you with staggering payments that you cannot afford?  Do you have investment property that you want to see if you canget a loan modification on?  Do you want to see if you have legal rights that may be able to force a meaningful principle reduction to your mortgage?

Steve Vondran, IP & Real Estate Lawyer (The Law Offices of Steven C. Vondran, P.C.)

Steve Vondran

IP & Real Estate Lawyer

Newport Beach, CA

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The Law Offices of Steven C. Vondran, P.C.

Address: 620 Newport Center Drive, Suite 1100, Newport Beach, CA, 92660

Fax: (888) 551-2252

Office: (877) 276-5084

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