Lane Splitting Legal in California. California is the only state that specifically provides for legal lane splitting. According to the California Highway Patrol, lane splitting is legal if it is done in a safe and prudent manner.. Elsewhere on the West Coast, Oregon tried to pass two separate pro-lane-splitting bills earlier this year.
The following tips can help you avoid being a victim of foreclosure fraud: 1  Remember that signing over a deed to a different person does not automatically relieve you of any mortgage payments or outstanding debt. 2  Likewise, it is not always necessary to sign over the deed to your home in order to obtain new financing.Hidden Balloon Paymentsâ : In this type of foreclosure fraud, a lender will offer to save the homeowner from foreclosure by offering a discounted mortgage refinancing plan. The plan may involve lower monthly payments, but this is because the homeowner is only paying the interest for each month.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Formally, a mortgage lender, or other lienholder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt.