what type of attorney would you use to siue a mortgage company who misled you

by Gerhard McDermott IV 9 min read

Do I need a lawyer to sue for mortgage loan fraud?

Suing Your Mortgage Company As a homeowner, you have many legal rights that you can and should assert against your mortgage company. With skilled and Rating: 4.9 · ‎380 votes (2) … Feb 14, 2016 — Yes, you can sue your mortgage company under RESPA.

What do mortgage fraud lawyers see in a fax?

Basically, if you lie on your mortgage loan application, you may be charged with the crime of mortgage fraud. Additionally, mortgage lenders may also be charged with mortgage fraud, such as forging a mortgage contract. If a mortgage lender commits mortgage fraud, the mortgage borrower may use the mortgage loan fraud as a legal defense to ...

What can a mortgage attorney do for me?

Share Your Story with a Mortgage Lawyer. We offer free legal consultations for anyone who may need a mortgage lawyer to sue mortgage company. We diligently get a full timeline of events, collect and review all documents related to the case, and give free advice on how our clients should proceed. Call us today to speak with a mortgage litigation ...

What to do if you have a dispute with a lender?

If the mortgage company violates RESPA, you can sue them. Which is very powerful, because for every violation of RESPA, the mortgage company has to pay up to $2,000 in “statutory” damages even if you can’t show any actual harm. This is to discourage your mortgage company from violating the law.

Can a borrower sue a lender?

With the arrival of lender liability, borrowers became just as likely to sue lenders for those breaches. ... If the loan contract was breached, the lender can be sued if it was the breaching party. The most common remedy pursued by borrowers when a breach of a loan agreement has occurred is the recovery of damages.

Does a mortgage broker have a fiduciary duty?

California courts have held since 1979 that a mortgage broker owes a fiduciary duty to a borrower. ... A mortgage broker providing mortgage brokerage services to a borrower is the fiduciary of the borrower, and any violation of the broker's fiduciary duties shall be a violation of the mortgage broker's license law.

What is a fiduciary lender?

FIDUCIARY RELATIONSHIPS Lender liability laws say that a fiduciary duty exists for the lender when borrowers have faith in the lender to uphold their end of the deal, when borrowers are in a position of inequality or dependence on the lender, and when the lender controls the borrowers' affairs.

How do I file a complaint against a mortgage company in Florida?

To submit a complaint, consumers can: Go online at www.consumerfinance.gov/complaint/ Call the toll-free phone number at 1-855-411-CFPB (2372) or TTY/TDD phone number at 1-855-729-CFPB (2372)Apr 26, 2016

What is an advantage of a piggyback loan?

Pros Of Piggyback Loans. Avoiding PMI. One of the most common reasons to get a piggyback loan is to avoid paying private mortgage insurance (PMI), which protects the lender from default. It's cheaper for the homeowner to get two mortgages and the interest is usually tax deductible.Dec 2, 2020

What is a mortgage banking company?

A mortgage banker is a company, individual, or institution that originates mortgages. Mortgage bankers use their own funds, or funds borrowed from a warehouse lender, to fund mortgages. ... A mortgage banker's primary business is to earn the fees associated with loan origination.

Can I sue my mortgage company for false information?

Additionally, you may be able to sue your mortgage lender if they or one of their officers negligently made false representations in order to induce you into making an otherwise unreasonable loan.Sep 10, 2019

What must a lender disclose pursuant to TILA select all that apply?

Under Truth in Lending, the lender must disclose all finance charges which might include buyer's points, loan fees, finder's fees paid to the person bringing the borrower to the lender, service charges, mortgage insurance premiums and interest.

Do lenders have a duty of care?

A lender does not generally owe a duty of care to a borrower. ... In rare instances, however, a lender may exercise control over the borrower's business to such an extent that a court may find a fiduciary relationship to exist.Apr 29, 2020

Who regulates mortgage companies in Florida?

Office of Financial RegulationThe Office of Financial Regulation (OFR) is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry.

How do I file a complaint with the Florida Attorney General?

Citizens with general inquiries, or who want to file a consumer complaint, should contact the Office of Citizens Services by calling (866) 966-7226, (850) 414-3990 or filing out an online form here.

Can a mortgage company refuse payment?

Mortgage lenders don't refuse payments from borrowers in good account standing. If you can't convince your mortgage lender to accept payments from you, and your loan is in danger of default, you may need to speak with a qualified attorney to discuss your options.

Can I sue my mortgage company?

One of the questions that may come to mind is, “Can I really sue my mortgage company under RESPA?” The answer is “Yes” — if your mortgage company has violated RESPA then you can sue and that may stop a foreclosure against you.

Is RESPA a law?

RESPA is a powerful law. It’s very helpful when you’re facing foreclosure, and especially if the mortgage company has made any mistakes. Usually they do make mistakes, or at least they make things confusing. Maybe you’ve sent Notice Of Error and Request For Information letters which they haven’t responded to.

Loren M. Dickstein

You need a civil litigation attorney with real estate experience. You can use Avvo to find a lawyer in your area who can help you.

John F. Brennan

Obviously, but Cliff Notes version of the facts is insufficient upon which to give you a firm answer.

Evan A Nielsen

You need a civil litigation attorney licensed in your jurisdiction, preferably with some experience in these types of litigations.#N#Good luck...

Sheldon Philip Starke

Please find a real estate lawyer and bring all your paperwork. The Middletown area has some decent practitioners. It may be helpful to call a lawyer in general practice. . .this is not an uncommon problem. Try the AVVO Find a Lawyer Tab. Good luck.

Gregory Adam Wetzel

You need to talk to an attorney who knows RESPA, the Real Estate Settlement Procedures Act. As of January 2014, there are new regulations that are designed to prevent you from getting the runaround about loss mitigation and having to reapply multiple times.

Jonathan Holfinger

The CFPB was created in theory to protect the consumer and they want your complaint about your lender. Ensure you have filed your complaints with specificity here: http://www.consumerfinance.gov/complaint/ Keep in mind, they will gather those and potentially investigate the lender, but they aren't going to solve every situation.

What is mortgage fraud?

Generally, mortgage fraud occurs when an institution or person misleads or deceives you into entering a misguided loan so that they can make additional profit. The institution or person can be a bank, lender, appraiser, mortgage broker, real estate broker, or other individual.

How to organize evidence?

To help organize your evidence, create a file and include the following: a copy of the police report, if you contacted the police. a copy of your credit report. a copy of your loan agreement. emails and letters from the perpetrator of the fraud. any other relevant document related to the fraud. ...

What is HECM mortgage?

Home equity conversion mortgages (HECM). The Federal Housing Authority provides reverse mortgages to people over 62 who have no loan (or only a small loan) on their property. With the reverse mortgage, you get a lump sum payment in exchange for the mortgage.

What is the job of the Attorney General?

The attorney general is responsible for protecting consumers and being the chief attorney for the people of their state. In California, for example, the attorney general expanded the prosecution of mortgage-related fraud after the debt crisis in 2008. They also established a task force to investigate these frauds.

What is the phone number for a lawyer?

Their phone number is (202) 467-8716 or (844) 529-4357. The referral line is open Monday through Friday, 8:30 am to 5:30 pm. Once you have a referral, call the lawyer and ask to set up a consultation. Also ask how much the consultation will cost.

How to start a trial?

Make an opening statement. A trial begins with opening statements. As the person bringing the lawsuit, you will go first. Your attorney will handle the trial if you have one. If you don’t, then you will need to do everything, including delivering a brief, focused opening statement.

Where to report fraud in real estate?

Report fraud to the bureau of real estate. If you worked with a real estate agent or broker who you feel defrauded you, you can file a complaint with your state's agency that regulated real estate. In California, for example, it is the Bureau of Real Estate within the Department of Consumer Affairs.

What is foreclosure fraud?

We often find that foreclosure fraud occurs when lenders violate the law by creating unconscionable loan terms. Mortgage litigation empowers the homeowner to take the lender to court. The homeowner can no longer be ignored or strung along until the lender decides to foreclose.

What happens if you fall behind on your mortgage payments?

You fell behind on mortgage payments and your lender is giving you misleading information about your options to save your home. You have applied for a loan modification and your lender is sending you foreclosure notices at the same time. Your lender lied to you about stopping foreclosure while you were being reviewed for a modification.

What is the Glaski decision?

The Glaski decision presents the idea that if some entity wants to collect a debt or foreclose on your property, they must first own the debt. Furthermore, if that entity is claiming ownership by way of an Assignment, it must prove that Assignment is valid.

How many mortgage loans are faulty?

General Overview: Upwards of 70 million mortgage-loan-contracts are legally faulty. It has now been determined that many of the entities attempting to foreclose on homes do not hold legal title to do so.

Can a company that foreclosed on millions of mortgages nationwide be sued for fraud?

For example the Washington State Supreme Court dealt a death blow to MERS: “The highest court in the state of Washington recently ruled that a company that has foreclosed on millions of mortgages nationwide can be sued for fraud, a decision that could cause a new round of trouble for the nation’s banks.

What is MERS mortgage?

MERS is the Mortgage Electronic Registration Systems it was created by banks in order to “streamline” the warehousing of loans and mortgage documents. Basically MERS is a front organization that was created to defraud homeowners and government agencies.

Can a bank dual track a loan?

A denial must be in writing and must inform the borrower of the right to appeal. The bank cannot dual track ” a borrower by posting Notices of Foreclosure and Trustee’s Sale while reviewing the borrower for a modification.

What happens when a homeowner gets a loan modification?

A homeowner gets a loan modification with one servicer and makes trial payments. The servicer advises the homeowner that it is switching servicing rights to another servicer. The new servicer claims to know nothing about the modification and delays the homeowner for months waiting to get the relevant “paperwork.”.

Do mortgagees have standing?

It’s axiomatic that in order to bring forth legal action, the plaintiff must have legal standing. Only the mortgagee has such standing. Thus various problems like false or faulty affidavits, as well as back dated mortgage assignments, and altered or wholly counterfeited notes, mortgages, and assignments all relates to the evidentiary need to prove standing.