NYS Home Equity Theft. equity. To provide homeowners with information they need. regarding the sale or transfer of their home to an. who wants to purchase the home as an. CONSULT AN ATTORNEY OR COMMUNITY ORGANIZATION.. repurchase the home the purchaser must buy out the.
The home equity theft reporter: florida supremes Send Shivers Thru Bankster Community; Kibosh Sneaky Effort To Buy Out Of Robosigning Litigation By Settling Case With Homeowner The Home Equity Theft Reporter: Lender’s Improper Calculation Of Interest Sinks Foreclosure Action, Leaves It Holding A Criminally Usurious Mortgage Loan Subject To.
In the second, “the homeowner knowingly signs over the deed, with the expectation of temporarily renting the property and then being able to buy it back, but soon. ability to offer deeds in lieu to homeowners in appropriate cases. See, e.g., Bruce J. Bergman, “Home Equity Theft Prevention Act: Measures.
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Section 265-A Home equity theft prevention. market values, or in some cases even sign away their homes, through the use of schemes. or transfer of his or her home to an equity purchaser; to require that the sales agreement be. restrict unfair contract terms; to provide a cooling off period for equity sellers who enter into.
In a split ruling likely to send shivers through the mortgage banking community, the Florida supreme court ruled thursday that it will hear a case involving alleged "robo-signing" by a major mortgage lender even though parties in the individual case settled and asked that the case be dismissed.
The Home Equity Theft Reporter: Florida Supremes Send Shivers Thru Bankster Community; Kibosh Sneaky Effort To Buy Out Of Robosigning Litigation By Settling Case With Homeowner. Arlene Posted in Florida FHA Loan News.
The Home Equity Theft Prevention Act (HETPA, NY RPL 265-a) is a New York State law passed on July 26, 2006, to provide homeowners of residential property with information and disclosures. Once an equity seller cancels the contract by sending the cancellation form or otherwise indicating such an intention, the equity.