Patricia Rodriguez Tonight! What Happens After Notice of Rescission under TILA?

See www.livinglies.wordpress.com --- the largest site on the internet providing information and support to homeowners for more than 8 years. 4,500 articles, together with free forms and resources. I  will be discussing THE RULES OF THE ROAD FOR TILA RESCISSION AND WHAT HAPPENS AFTER A NOTICE OF RESCISSION IS MAILED. When that notice of rescission is mailed, THAT is when the rescission is effective and THAT means that the note and mortgage are void. The trick here is to avoid getting drawn into an argument about whether there was something wrong with the rescission. Nobody has a right to raise that unless they have standing. And then it is a question of fact whether they prove that the rescission was defective in some way. All rescissions are effective when sent whether they are disputed or not. Raising the issue of a statute of limitations is a dispute. So what happesn after notice of rescission is given? Rodriguez Law Group, Inc., 1961 West Huntington Drive | Suite 201 Alhambra, CA 91801  phone: (626) 888-5206fax: (626) 282-0522