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Five Ways To Make Qualified Written Requests Ineffective

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A qualified written request known as a QWR is used to address concerns about a ...

A qualified written request known as a QWR is used to address concerns about a
mortgage loan. Generally, a letter is sent to the mortgage servicer as a qualified
written request under RESPA 6 violations.The QWR addresses issues concerning the
mortgage loan. Watch this slide presentation to learn what not to do when submitting a QWR

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Five Ways To Make Qualified Written Requests Ineffective Five Ways To Make Qualified Written Requests Ineffective Presentation Transcript

  • What Is a QWR? A qualified written request known as a QWR is used to address concerns about a mortgage loan. Generally, a letter is sent to the mortgage servicer as a qualified written request under RESPA 6 violations. The QWR addresses issues concerning the mortgage loan. Only the mortgage servicer responds to the QWR complaint and not the lender. Which is why sending a QWR to the lender and holder of the mortgage note is incorrect. However, if the servicer is also the lender and holder of the mortgage note it would be proper to send the QWR.Simply sending a QWR to the servicer does not stop foreclosure.
  • It must be addressed which issues with the loan are improperIt must be addressed which issues with the loan are improper that also makes thelender and holder of the mortgage note not the proper party.Important issues concerning the loan to address are1) Robo Signers,2) Improper Assignment Transfers,3) Foreclosure Fraud,4) Improper Mortgage Securitization - Separation of Promissory Note and SecurityInstrument, etc.
  • Today more homeowners are starting to challenge their foreclosures.Today more homeowners are starting to challenge their foreclosures. Which putsmortgage lending under fire because most homeowners dont really understand who is themortgage lender. When challenging foreclosure it is important to know what role themortgage servicer plays. This is extremely important because any questions about theloan is required to be directed to the mortgage servicer first.The Real Estate Settlement Procedures Act often referred to as RESPA governs mattersconcerning questions about loans.The most widely used method for communicating withmortgage servicers are QWR known as a qualified written request letter which is underRESPA section 6.They are also readily available in generic form online as QWR letter orqualified written request sample. Being very basic and not effective for homeownerswho really need to challenge foreclosure.
  • Here Are Five Most CommonThings That Make Qualified Written Requests Ineffective:1. RESPA Statute Limits... When a QWR lists violations that are outside of the statuteof limitations for RESPA, no recourse for damages.2. Lack Errors or Omissions... Every true QWR must explain what specific errors oromissions that the homeowner is concerned about regarding the loan in the QWR letter.3. RESPA Provision Requirements... Under RESPA Section 6 by statute QWR applies toonly servicers of a mortgage loan. Sending a QWR to the lender does not require thelender to comply. However, the servicer is responsible for contacting the lender togather information that may be needed in a QWR. Homeowners often mistakenly send theQWR to the lender over the servicer!!!4. QWR Lien Requirements... QWR are intended only for first position liens, the firstsecured mortgage ONLY. If the QWR includes second mortgage, subordinate lien loans, orlines of credit it is invalid as these loans are exempt from all RESPA requirements.5. QWR That Harass... QWR should never be used to harass the lender through theservicer in any manner.Every QWR must be specific in nature about the concerns ofservicing of the loan.
  • A QWR is never intended to delayforeclosure or dispute the validity of a foreclosure.A QWR is never intended to delay foreclosure or dispute the validity of aforeclosure.However, if the QWR addresses specifically why the borrower feels thatpayments are being made to or demanded by the wrong lender it is valid.Only a lender with enforceable security interest has authority to everforeclose. Homeowners often mistakenly send the QWR to the lenderover the servicer!!!
  • Use can submit an effective QWR today with QWR Attack!. Just log on to http://qwrattack.gofightforeclosure.com
  • Use can submit an effective QWR today with QWR Attack!. Just log on to http://qwrattack.gofightforeclosure.com