The Law Office of Carol A. Molloy

Tennessee Foreclosure Defense

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Month: October, 2010

Initial Foreclosure Prevention Actions

15 October, 2010 (21:06) | Uncategorized | By: Carol

Once I Receive a Notice of Foreclosure, What Are My Next Steps? You suffer some type of setback (divorce, etc.) or your adjustable rate mortgage has just increased to the point that you will have great difficulty making future payments on time, what do you do? (See Foreclosure F.A.Q. for further frequently asked questions) Take […]

The Problem with MERS Mortgage Electronic Registration Systems

15 October, 2010 (21:04) | Uncategorized | By: Carol

Securitization Makes the Process of Litigating Predatory Lending More Costly for Consumers A critique of the effect of securitization lies in the impact it has on civil procedure. Discovery, negotiation, and litigation in general is more expensive for consumers with securitized loans than it is for loans funded by the traditional secondary market. Legal scholars […]

Mortgage Securitization Process

15 October, 2010 (20:50) | Uncategorized | By: Carol

The Process While most people just view taking out a mortgage as a simple credit transaction, nothing could be further from the truth. If your mortgage has been securitized, technically you are actually an issuer of an unregulated security in a highly complex structured financial transaction In fact, it is my theory that during the period of time roughly […]