Can you wipe out your mortgage with a TILA rescission notice?

It’s the hot new theory on foreclosure websites: wipe out your loan with a TILA rescission notice! Can you really do that? Is it really possible to wipe out your mortgage just by sending a letter?

In the video below, Ricardo & Wasylik foreclosure lawyer Mike Wasylik explains what the TILA rescission right is, how the three-day deadline can extend to three years, and what the 20-day response date really means.