Episode 8 – Know Your Rights Part II. Loss Mitigation and Loan Modification Through the Real Estate Settlement Procedures Act (RESPA)

In episode 8 of the FCRT we discuss regulations governing loan modifications.  The podcast highlights homeowner rights relating to RESPA and loss mitigation procedures including how to appeal a denial of a loan modification application, and rules that prohibit banks from conducting a foreclosure sale while a loss mitigation application is under review.

Real Estate Settlement Procedure Act Regulation X 12 C.F.R. 1024.41 

https://www.law.cornell.edu/cfr/text/12/1024.41

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Foreclosure defense and loss mitigation boot camp

http://www.nbi-sems.com/Details.aspx/R-69347ER%7C?ctname=SPKEM