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Rolling Default

  • Broadcast in Legal



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Hello folks.  Thank you for joining me for the ADR-NOW! Internet Radio Webinar.  I am your host, Anthony Johnson.

In this Foreclosure Dispute Resolution Webinar, we will discuss "rolling default" and how it can force homeowners into foreclosure. 

"Rolling default" occurs when you fall behind on payments and when you pay, your lender will apply the new payments towards fees, fines, interests and penalties, not towards the principal, so the next payment period you will be in default again.  Hence, the term, "rolling default."

We will illuminate how to uncover whether your lender has been engaging in "rolling default" and what you can do to remedy the situation.  One judge has awarded $3.1 million against Wells Fargo as punishment for engaging in this practice.  You may be a candidate to be awarded the same.

Be sure to tune in!

DISCLAIMER: We are not attorneys.  We are not engaged in rendering legal advice.  We are Online Dispute Resolution Practitioners.  If legal advice is required, the assistance of a competent, qualified, legal professional should be obtained.