Legal Question in Credit and Debt Law in Massachusetts

Re: Contract

You should contact the Massachusetts Attorney General's Office. The fact that the MTG Co. wanted you to release any claims regarding the mrotgage itself is disturbing and sounds as if they are aware there was fraud in the process. Contact the AG's office immediately.

Re: Contract

Under Regulation Z of the Federal Truth In Lending Act ("TILA"), a borrower has the right to rescind certain types of loan transactions until midnight of the third business day after the loan documents are signed. There are exceptions to this general rule. For example, the federal right of rescission does not apply when the loan proceeds are used to purchase or build your principal home or when proceeds are borrowed from the same lender who already holds the mortgage on your home and where no additional funds are borrowed. It's a very complex area of the law and each transaction needs to be carefully analyzed by a licensed attorney. Without knowing the specific facts of your situation, it's impossible for me to ascertain whether this particular statute applies. Further, if the "agreement" between you and the mortgage company was based on false representations, the agreement would be void ab initio ( 'from the beginning') and all rights and obligations under such agreement would be null and void. Feel free to contact my office for a free consult based on the facts of your specific situation.