New FHA Foreclosure Defense In Massachusetts

The Massachusetts Courts Have Given The Green Light To A New FHA Foreclosure Defense Strategy

FHA Foreclosure DefenseFHA foreclosure defense is easier than conventional foreclosure defense because the FHA lending rules are codified. This means that that the United States Congress has voted on it and made it law.
However, that doesn’t make the process of saving your home any less painful. You still need to deal with local judges who are clueless when it comes to lending laws. 
One particular FHA foreclosure defense strategy that seems to be working with the courts is 24 CFR 203.604.
24 CFR 203.604 requires a face-to-face meeting between the lender and the homeowner within the first 61 days of the default to find a solution. If they don’t comply with this law, then they can’t foreclose. However, most mortgage servicers and foreclosure mills ignore this law and for good reason. It delays them from cashing in on the FHA insurance claim.
This where you can strike your servicer with the poisonous venom of a Scorpion and stop them in their tracks. Courts in both Ohio and Massachusetts have upheld the argument that the face-to-face meeting is mandatory.

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