Kansas City Mortgage Fraud Attorney

Kansas City Attorneys Defending Against Foreclosure

Recently, many banks have been found to lack standing to foreclose on mortgages. Many have not provided the paperwork necessary to proceed with foreclosing on a property. Others have violated the Truth in Lending Act and other laws. For a variety of reasons, homeowners are finding themselves able to avoid foreclosure due to administrative errors and illegal acts by their lenders.

Have you received notice of foreclosure from your lender? At Martin & Wallentine, our lawyers can help you determine whether your lender has cause to foreclose on your property. We are familiar with the Truth in Lending Act and other laws that protect consumers and how they relate to foreclosure actions. Contact us to speak directly to a lawyer from our firm or visit our mortgage fraud site at mortgagefraud.info for more information about laws and your rights.

Understanding the Foreclosure Process & the Truth in Lending Act

Homeowners facing foreclosure may find protection in the Truth in Lending Act (TILA). Under this law, lenders are required to disclose all information regarding the terms of the loan and what you owe. This law requires a transparent lending system in which lenders are required to disclose all information regarding the terms of the loan and what you owe. If a bank or lender is in violation of this, they may not have standing to foreclose on an individual's property. A Kansas City lawyer can help to determine if your bank has a right to proceed with the foreclosure process and can possibly help you avoid foreclosure and keep your home.

Moratoriums on foreclosures have already gone by the wayside and banks are processing foreclosures in short order. It is important that you understand the foreclosure process and the timelines for the actions of banks and lenders. The below table provides a snapshot for deadlines when you are likely to be contacted regarding your mortgage payment. Keep in mind that you need to confirm the specifics of your case with an attorney, but this will give you a general framework for what to expect.

The foreclosure process can be intimidating and homeowners may not always get correct information from their bank or lender. It is best to be aware of what foreclosure solutions may be available, and not rely solely on government or institutional communications when making such significant decisions.