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Stephen Otto
1,605 followers -
I am an attorney who represents consumers with debt-related problems.
I am an attorney who represents consumers with debt-related problems.

1,605 followers
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Discovery of social media content permitted in Lancaster County personal injury litigation.
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Best. Client. Ever.
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I think consumers should be required to complete an intensive course on mortgages prior to receiving any type of mortgage loan. The course should discuss what a mortgage is (not a simple concept -- there are plenty of lawyers who don't understand it), what a promissory note is and how it relates to the mortgage, how interest rates work, how enforcement in the event of default works, how real estate taxes affect a mortgage, how securitization works, the nuts and bolts of mortgage modifications and loan workouts, a consumer's rights under RESPA, the effect of Chapter 13 Bankruptcy, and the significance of the loan application and the importance of providing accurate information on the loan app.
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