Foreclosure Errors in Loan Documents or Foreclosure Procedures

Find errors to strengthen your hand in negotiating your loan to prevent foreclosure

How can you find errors in your loan documents to stop foreclosure?

Carefully read your loan documents to find some serious errors or inaccurate information. Review the whole foreclosure process and notices to see if there is anything missing in procedures as compared to what you know after reading the information on foreclosures. This may take your time but you save quite a lot in professional fees.

Concentrate on vital information in finding foreclosure errors

• names and addresses of the parties
• legal descriptions
• dates and periods
• interest rates, maturities
• base index that is not used by other financial institutions, wrong application of base index for interest rate calculation
• dollar amounts,
• maturities, wrong number of days for one year and miscalculation of number of days between two dates
• complicated wording that can be interpreted differently

Errors made during foreclosure process

• Notice of Default (NOD) was not made as required
• Notice of Trustee Sale (NOTS) was not published
• NOTS was not published as required
  • in the right newspaper
  • in the right location
  • during the required time period

Need help? Review your options to get foreclosure help by professionals (lawyers specializing in foreclosure, foreclosure consultants registered to assist homeowners subject to foreclosure, debt counselors, and real estate agents in California), California state agencies, county agencies in California, consumer advocacy groups, and nonprofit organizations in California.