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366 Kinderkamack Road
Westwood, NJ 07675
Phone: 201-664-8855
Fax: 201-666-8589
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Foreclosure
Opinion Letter
Homeowners facing foreclosure need to educate themselves in order to
put up the best defense available to them. The following is provided
for informational purposes only. Everyone in foreclosure should hire an
attorney to represent them in the proceeding.
What
is
a Foreclosure Opinion Letter (FOL)?
An FOL is a written legal opinion that is the product of an
investigation in to the closing of your loan. We will take your closing
documents and analyze them to uncover violations of federal and state
law. The FOL will give you a detailed analysis of any violations that
we uncover and the potential remedies that coincide with each
violation.
How much
is an FOL going to cost
me?
We charge $500 for an FOL. There are many companies out there today
that purport to offer similar types of analysis. However, none of
them are in New Jersey, and none of them, are law firms that actually
represent foreclosure clients in New Jersey courts! We are a law
firm, not a former loan officer or other professional that has decided
to venture into the foreclosure maelstrom to make a quick profit.
We are in the business of ultimately helping homeowners defend
foreclosure actions, not simply a business trying to sell audits.
The FOL will be the basis of your case should you ultimately hire us to
defend you in court. Therefore, we take great care and
consideration into crafting your FOL so that we can leverage the
information we uncover to the greatest extent possible when defending
your rights in court.
How can
an FOL help me?
The audit is used to uncover violations of the law governing consumer
mortgage transactions. Certain violations offer strong counter-claims
and defenses. For example, if your lender violated the Truth in Lending
Act (15 USC 1601, et seq.) it may have to dismiss your foreclosure
complaint or even extinguish the mortgage. In essence, the money you
spend on your audit may uncover violations of the law that can save you
thousands of dollars and prevent your lender from foreclosing on your
home.
I
already have mortgage audit that
I think shows violations of the law, can you still help me?
Absolutely! You should bring your mortgage audit to the free
consultation so we can explain what defenses and counterclaims are
available to you based upon the results of your audit.
What if
my audit does not uncover
a violation of the law?
Everyone facing foreclosure should at least consult with an attorney.
Even if your loan is legal, you still need professional advice about
your rights.
An FOL is the gatekeeper to the powerful foreclosure defenses that are
available to some homeowners facing foreclosure. Every homeowner facing
foreclosure should be armed with one in order to put up their best
available defense. Call us today to obtain your FOL and find out what
defenses may be available to you.
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NEWS
ALERTS
We are currently investigating unconscionable closing practices by lenders throughout New Jersey.
If you are in foreclosure, please contact one of our attorneys to see whether you have the right to halt the proceeding.
We are particularly interested in hearing from you if your loan was placed with or is presently owned by:
- Wachovia
- Countrywide
- World Savings Bank
- Wells Fargo
- Park National Bank
- Chase
- Washington Mutual
- New Century
MORTGAGE
FORECLOSURE DEFENSE
MORTGAGE MODIFICATION |
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