Homeowner Suit vs. Bank CEPersVid-22

A homeowner threatened with a mortgage foreclosure can start his/her own foreclosure action against the bank. Such action if successful would foreclose the bank from foreclosing on the mortgage or encourage the bank to enter into a modification agreement to which it otherwise would not agree. A borrower's foreclosure action is more suitable in California, Nevada, Arizona, Michigan, Washington DC and other states which permit mortgage foreclosures without a court action (called "non-judicial foreclosures"). 29 states permit non-judicial foreclosures. In the other 21 states, including NY (called "judicial foreclosure states"), homeowner-borrowers usually wait for the bank to start a mortgage foreclosure action before asserting their defenses, offsets and counterclaims. This video is by attorney Carl Person who advises homeowners in various states how to oppose mortgage foreclosures.

Category:

News & Politics

Tags:

• non-judicial
• judicial
• foreclosure
• action
• homeowners
• mortgage
• California
• Michigan
• Texas
• Nevada
• Georgia
• Tennessee
• Wisconsin
• Washington
• DC
• Arizona
• carl
• person
• CEPersVid

[PukkPukk]

How is this, All of these people that are loosing their homes should rally and declare the law to force banks to renegotiate loans. Our economy was sent into the crap valley by the banks going haywire with sub prime loans and derivative investments. Why should we foot their bill for their risky stupid business actions. The bailout was to relive the banks so they could give these loan modifications. They raped the country in and out.

[ntshadow7]

A non lawyer attempting to explain the difference in a deed in trust and the normal process of securing a mortgage with a mortgage that requires a judicial proceeding. Interesting but still a general discussion.

[Sinead522]

That was fascinating. I am in a mess just like a lot of people. I will be visting your site Mr. Pearson, thanks so much.

[PlainSight52]

God Bless You Carl The world Needs More People Like You.. & I

[hirjournee]

This video was informative.

First Franklin sold my loan to Select Portfolio Servicing. Since then I have had nothing but trouble. It seems my payments are missing and other bad business stuff is going on. Any suggestions?