How to file a qualified written response

Before you get a loan mod, or do a loan mod, or before you get too much into a short sale, you may want to give your lender a Qualified Written Response.

The advantages and explanation can be seen in this 3 and a half minute video I just made:

 

And more specifics here:

Click here for TILA Secrets info and 365 day trial

Our gubmint has a good explanation of how to file a qualified written response including a sample qualified written response

 

As they say on the site:

Attention Customer Service:

Subject: [Your loan number]
[Names on loan documents]
[Property and/or mailing address]

This is a "qualified written request" under Section 6 of the Real Estate Settlement Procedures Act (RESPA).

I am writing because:

• Describe the issue or the question you have and/or what action you believe the lender should take.

   

• Attach copies of any related written materials.

   

• Describe any conversations with customer service regarding the issue and to whom you spoke.

   

• Describe any previous steps you have taken or attempts to resolve the issue.

   

• List a day time telephone number in case a customer service representative wishes to contact you.

I understand that under Section 6 of RESPA you are required to acknowledge my request within 20 business days and must try to resolve the issue within 60 business days.

Sincerely,

 

 

[Your name]

REMEMBER: This letter SHOULD NOT be included with your mortgage payment, but should be sent separately to the customer service address.

You SHOULD continue to make the required mortgage and escrow payment until the request is resolved.

You may bring a private right of action under Section 6, if you suffer damages due to the lender's servicing of the loan. See the RESPA statute and regulations.

 

 

 If you want to become an expert on TILA, get my TILA Secrets course for a 365 day trial.

Click here for TILA Secrets info and 365 day trial

Do you Have a Good TILA Predatory Lending Case?

How can you tell if you may have a good case against your mortgage lender for mortgage fraud or predatory lending?

This video shows you some quick way to see if TILA violations have occurred. I do not suggest you follow what is put out here. You are better off finding a lawyer. But the "poor man's TILA" audit method I talk about can help you if you don't have a lawyer who specializes in TILA violations.

Also, my product TILA Secrets will make you into somewhat of an expert on TILA. You won't be able to audit your loan papers, but you will be armed with the legal knowledge you need to go to work against your lender and try to get them to see things your way in terms of a loan mod or short sale wiith no deficiency judgment.

Click here for TILA Secrets info and 365 day trial

 

 

 

 

 

Disclaimer: I make no claims as to how much you can make or legalities. You need to do your own homework and you are fully responsible for any outcome. I try to be accurate but I cannot assure you that everything I say is correct or legal.