At Prime Real Estate Consultants, we have helped homeowners fight foreclosure for the last 15 years. When others say that they can't, we say that we can. Losing your home can be the toughest challenge you and your family can face, Don't be discouraged there is a banking law that may be available to you.
Banking Law § 6-L (10) states: "Upon a finding by the court of an intentional violation by the lender of this section or regulation thereunder, the home loan agreement shall be rendered void, and the lender shall have no right to collect, receive or retain any principal, interest, or other charges whatsoever concerning the loan, and the borrower may recover any payments made under the agreement."
This means if your bank is found guilty of Predatory Lending practices the courts may overturn your foreclosure action and return your home to you free and clear .
