Nov 5, 2020

THIS IS REALLY SIMPLE: WHO DO YOU WANT OPERATING ON YOUR BRAIN? IS IT SOMEONE WHO IS THINKING OF GOING TO MEDICAL SCHOOL OR SOMEONE WITH A MEDICAL DEGREE, INTERNSHIP, RESIDENCY AND 10 YEARS OF EXPERIENCE? 

Thursdays LIVE! Click into the WEST COAST Neil Garfield Show

with Charles Marshall and Bill Paatalo

Or call in at (347) 850-1260, 3PM PST 6pm EST

Every Thursday

 

Host Charles Marshall returns with Bill Paatalo to discuss among other matters how the Federal CARE Act will expire at the end of this year. It protected millions of mortgage loans from imminent foreclosure due to COVID-19 hardships, with an admittedly band-aid approach of what amounts to a forbearance. That all ends in weeks and millions of the loans so protected are expected to go into active foreclosure with the back payments not being paid, and the current payments not affordable either, due to the continued sluggishness of much of the economy.

To fight this, homeowners will need to revisit and clarify strategies to defend their homes, and legally attack those who would foreclose on them. Essential approaches will be

1. facts to look for in your homeowner situation;

2. pleading a defense or going on offense with a plaintiff’s lawsuit;

3. discovery options;

4. motion practice.

So to bring this fight homeowners will need to how, where, and when certain burdens of proof of apply–Bk court vs. civil court for example. Then the most relevant facts to a given case should be alleged which are provable, or which it can be shown the other side can’t prove. In many cases, discovery can be used to expose the inability or unwillingness of the opposition to answer simple questions about the ownership and status of the loan account.

Bill Paatalo will first discuss how in New Jersey securitized mortgage ‘trusts’ are for all the wrong reasons avoiding taxes by declaring that they are not in fact trusts.

EDITOR’S WARNING: While a few people are correctly reading the writing on the wall, most homeowners who are or will shortly be facing foreclosure or eviction are trying to “wait it out.”

This is a dangerous mistake and a foolish risk to take with your largest asset.

When the time comes for aggressive defensive strategies, those who waited and didn’t prepare will be steamrolled the same way tens of millions were steamrolled in 2004-2012. Start the process of investigation, reporting, and analysis now. Prepare your strategy in advance. Become one of the winners.