When considering what is a U4 Disclosure; a Form U4 is a signed statement that discloses the specific property owned or held in exchange for a loan or other financial transaction. When the document is signed by an individual, it becomes a Public Record an
U4 disclosure expungement may also aid with employment separations, tax liens & customer disputes. This form may also assist with discrimination & defamation claims. If you have been the victim of discrimination in a workplace, you can use a U4 to pursue your claim. You may also want to consult a New York securities lawyer who specializes in financial law. They will be able to assist you in understanding your rights and your options.
During these trying economic times, many individuals are choosing to "sell their homes" and turn around and "buy another" in search of financial freedom. However, while some people are doing well, others are not so fortunate. In order to protect their interests, and the interests of their families, they need legal counsel. In u4 expungement , there are no new jobs, and the only thing new is a new filing of U4 forms.
What is a form U4? The answer is not simple. It basically is a form that is filled out by a buyer, seller, mortgage company, or credit union and then submitted to the appropriate offices. It then becomes an official document that must be filed with the appropriate county in order to complete the entire process. Once filed, the purchaser or seller will not be allowed to refinance, buy, or lend any type of money to any person or institution for more than three years. If an individual or business does have to file, the new petition must be filed with the same county where the previous complaint was filed.
What are the benefits of what is a form U4 disclosure expungement request? The main benefit is protection from foreclosure. Many lenders have been reporting incredible forms of non-payment or bankruptcy. When this information becomes public record, lenders are less willing to lend money. On the flip side, when the homeowner files a U4 expungement request and the lender receives it, they are then required to verify that all information contained in the form is true and correct. If so, then the lender is then allowed to proceed with the loan.
An expungement request will only work in some situations. In most cases, one will be unable to obtain either a loan modification or refinance on a home due to some type of legal issue. A court order may be required, which will require one to turn over some types of documents, such as income tax records, copies of tax liens or bankruptcy records. An expunged form can become an important tool in obtaining these documents, but is only one of the many options available for saving a home.