Florida – Truth in Lending Act – Open Letter

Dear Florida Consumer Lawyers,

I run a free consumer website dealing with credit issues on the internet; it’s my volunteer work.  The site has become extremely popular and is the #1 credit blog by Google’s standards.  As a result of my work, I interact with thousands of homeowners in the State of Florida and I’m writing this letter to you because of your expertise with the Truth in Lending Act.

Attached to this letter, please find a Broken Credit Blog article that was written from a non-attorney’s perspective on April 19, 2008.  The implications of the article seem to be that the failure to include the difference between the title insurance re-issue rate and the HUD-1 actual cost for title insurance results in an under-disclosed PFC.  For borrowers going through foreclosure that amount would easily exceed the $35 tolerance.  I believe tender could be made through a pre-arranged short sale (inclusive of attorney’s fees) or bankruptcy.

I’d like to refer clients to Florida attorneys knowledgeable with the Truth in Lending Act and I am not looking for anything in return.  Please advise whether this is something that you might be interested in discussing or if I am otherwise off base in some way (which is entirely possible).  In any regard, thank you for all that you do.

Sincerely,
Paul@BrokenCredit.com
Managing Director
Broken Credit, LLC
(702) 430-9390