What is the TILA Mortgage Debt Resolution Process?
The Mortgage Debt Resolution Process is a two stage process. Phase one is an administrative process and phase two is a judicial process. Phase One: (administrative process) An audit of your Mortgage documents is performed by a professional auditor. The Mortgage Lender is notified that there are TILA violations in the Mortgage and closing documents by the way of a series of letters. The purpose of the administrative process is to discover predatory lending practices by the Lender and put the Lender “on notice” that TILA violations have been found in the documents and that you want to negotiate “an out of court” settlement with the Lender. Phase one includes the violation letter, qualified written request letter (RESPA), detailed actions for complaint (suit), and the recession letter. In some cases a three way call to the Lender (to open settlement negotiations) from our auditor and in house attorney. Phase Two: (judicial process) Phase two is a judicial process. If the Lender does not s
