Foreclosure does not strip you of your legal rights. Federal and state laws provide a suite of protections: RESPA Regulation X governs loss mitigation and dual tracking, TILA regulates loan disclosures, state Homeowner Bill of Rights add layers of protection, and the FDCPA regulates debt collection. Many foreclosures are defective because servicers violate these rights. At Dream Financial Management, we identify rights violations and use them to stop foreclosures nationwide since 1994.
Servicer violations of RESPA, TILA, and state laws are not just technicalities — they provide legal claims that can halt foreclosure, recover damages (up to $4,000 per RESPA violation plus attorney fees), and in some cases, support wrongful foreclosure lawsuits. Document every interaction with your servicer. Send all requests in writing. Keep records.
Right to submit loss mitigation application and have it evaluated. Dual tracking prohibition: servicer cannot foreclose while complete application is pending 37+ days before sale. Right to appeal denial. Right to be reviewed for all available options. Full CFPB rules →
Right to send Notice of Error (NOE) disputing servicing errors. Servicer must acknowledge within 5 days and respond within 30 days (7 days for payoff disputes). Right to Request Information (RFI) about your loan. $4,000 statutory damages per violation. RESPA violations →
Right to accurate loan disclosures. Right to rescind certain loans within 3 years if disclosures were defective. Right to receive periodic statements and accurate payoff amounts. TILA violations →
Protection against harassment, false statements, and unfair debt collection practices. Applies to third-party debt collectors (not original creditors in most circuits). Validation of debt rights. FDCPA guide →
Dream Financial Management identifies servicer violations and asserts your legal rights to stop foreclosure. We've done it thousands of times. Since 1994. Free consultation.