Loan Modifications, TARP, MERS and Foreclosure Defense Attorneys in Utah

Wasatch Advocates Trial Attorneys

4525 Wasatch Boulevard, Suite 300 Salt Lake City, Utah 84124 USA

 (801) 590-4723 or (866) 583-3650
 (801) 662-0082

www.homeowner-defense.com
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Law Firm Overview Free Consultation

Homeowner Legal Defense Advocates is the place to turn for help in Utah, Arizona, California and Nevada for homeowners in financial trouble. The firm is one of the nation's leading comprehensively focused homeowner defense groups. Made up of highly experienced financial, legal and real estate professionals from every element of the business, they have what it takes to protect homeowners' rights.

In the past few years, subprime mortgage lending has forced the American economy to the brink of a depression, and the big banks are to blame. A host of dubiously underwritten mortgage loans helped inflate a bubble in residential real estate values. As a result, millions of homeowners have been unable to pay their home loans, and it's not their fault. The loans were crafted for them by commission-hungry brokers who took advantage of them at every turn.

At the Homeowner Legal Defense Advocates in Salt Lake City, Utah, we protect homeowners' rights under federal and state laws. Our clients include people throughout Utah, Arizona, California and Nevada who have become the victims of predatory lending, as well as borrowers who are being treated unfairly in the loan modification process. We also represent people who are in danger of losing their homes to foreclosure.

Practice Areas

Practice Areas Description

- Foreclosure Law

Utah primarily operates as a title theory state, meaning that the property title remains in trust until the borrower has paid the mortgage in full. If the borrower defaults on the loan, the trustee has the authority to sell the house at auction and is not required to take action through the court system to foreclose. This is called non-judicial foreclosure. At the Homeowner Legal Defense Advocates, we defend homeowners against foreclosure in these states. Our lawyers fight hard to protect homeowners' rights under federal and state laws. Our clients include people who have become the victims of predatory lending, as well as borrowers who are being treated unfairly in the loan modification process.

- Troubled Asset Recovery Program

TARP — the Troubled Asset Relief Program — allowed the United States government to purchase troubled assets from the big banks to strengthen its financial sector. In total, as much as $700 billion went to these lenders who were deemed "too big to fail." The big banks took billions, and now they're using your tax dollars to foreclose on the predatory and fraudulent mortgages that caused the original bailout problem. If you are having problems paying your mortgage, call the Homeowner Legal Defense Advocates.

- Home Affordable Modification Program

In a recent court case, California courts ruled that a private right of action exists for violations of CA Civil Code 2923.5. The court said that homeowners do have standing to sue banks under HAMP when those banks take advantage of them, failing to work with them in good faith to resolve problems with mortgage loans. At the Homeowner Legal Defense Advocates, we represent these homeowners in courts, holding banks accountable for negligent representation, bad faith and unfair dealing. Many of the cases we handle involve claims brought under HAMP.

- Loan Audits

At the Homeowner Legal Defense Advocates in Salt Lake City, our team is composed of a broad spectrum of industry insiders — highly experienced financial and legal professionals from every element of the business. These professionals have nearly 70 years of combined experience in the mortgage industry and know mortgage documents inside and out. If you are in trouble with your lender, if you are confused about your loan, a forensic loan audit can help you understand what you signed. Even more, every document is potentially critical to your mortgage. Some documents are so important that, if they are missing, the law provides that you can walk away from your mortgage.

- TILA Rescission

The right of rescission is a consumer protection law found within the Truth in Lending Act (TILA), which is part of the Consumer Credit Protection Act. The Act promotes the informed use of consumer credit and requires disclosures about the terms and costs of loans. TILA is intended to allow borrowers to truly understand their mortgages. If you are overwhelmed by hidden costs and fees you never signed up for, you might have the right to rescind your mortgage under the Truth in Lending Act (TILA). Taking successful legal action automatically extinguishes the lien and your responsibility for your mortgage.

- MERS Lawsuits

Property owners facing foreclosure are often confused about something — and it turns out that it's something critically important. The foreclosure paperwork mentions a company they have never heard of, a company called Mortgage Electronic Registration Systems, or MERS. It's not their mortgage lender. It's not their bank. But somehow, it's taking action against them. If you are being foreclosed on by MERS, you might have a legal reason to have the action dropped. But it is critical to contact a lawyer at the Homeowner Legal Defense Advocates as soon as possible about protecting your rights.

Attorneys

Mr. Abraham Bates Attorney Credit and Mortgage, Foreclosure, Real Estate

More Information on Wasatch Advocates Trial Attorneys

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