Tonight! How the Expiration of the Federal CARES Act Will Affect You and the Economy 3PM PST 6PM EST

Thursdays LIVE! Click into the WEST COAST Neil Garfield Show

with Charles Marshall and Bill Paatalo

Or call in at (347) 850-1260 Thursdays

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 related hardships, with an admittedly band-aid approach of what amounts to a forbearance. That all ends in weeks and millions of 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 know how, where, and when certain burdens apply–BK 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 the all the wrong reasons avoiding taxes by declaring they are not in facts trusts.

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