Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with the mortgage lending process
Fair Debt Collection Practices Act (FDCPA): Federal law that restricts the actions of debt collectors and protects borrowers from abusive collection practices during foreclosure
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, including requirements for servicing and loss mitigation procedures
Servicemembers Civil Relief Act (SCRA): Federal law providing special protections to military service members in foreclosure proceedings
State Foreclosure Statutes: State-specific laws governing the foreclosure process, timelines, and requirements that vary by jurisdiction
State Property Laws: State-specific regulations governing property rights, transfers, and ownership
State Recording Requirements: State-specific rules for properly recording property documents and maintaining public records
State Notice Requirements: State-specific regulations for notifying all interested parties about the foreclosure process
State Redemption Rights: State-specific laws governing the right of borrowers to reclaim their property after foreclosure
County Recording Requirements: Local regulations for recording property documents at the county level
Local Property Transfer Regulations: Municipality-specific rules governing the transfer of property ownership
Power of Sale Compliance: Requirements for properly exercising the power of sale clause in the deed of trust
Property Description Requirements: Legal requirements for accurately describing the property being foreclosed upon
Chain of Title Verification: Process of verifying the complete history of property ownership and transfers
Waiting Period Requirements: Mandatory waiting periods between various stages of the foreclosure process
Public Sale Requirements: Rules governing the conduct of foreclosure sales, including notice, advertising, and auction procedures
Transfer Tax Obligations: Requirements for paying applicable transfer taxes when conveying property through foreclosure
