For many, the notion of suing their bank seems obvious, as they have witnessed first-hand the negligence and/or illegal actions taken by their lender. We have encountered jaw-dropping examples of this in our dealings with our clients.
But for many others, the notion of suing their lender is puzzling because they do not understand what has gone on behind the scenes and are only aware of the fact that they have been getting monthly bills that they are now struggling to pay. Some have even questioned the morality of suing their bank. For these people, a little bit of understanding of what has gone on behind the scenes with most loans is valuable.
Gone are the days of the small town bank that simply lends money and then collects interest on those loans. Over 95% of all loans issued over the last decade were sold almost immediately and became part of the process that created mortgage-backed securities. Unfortunately, this process accelerated the potential for greed, which was the primary motivating factor behind a lot of sloppy, deceptive, and/or illegal practices.
We do not file cases simply to be a nuisance. All of the affirmative defenses that we use are based on allegations that we make on behalf of our clients that lenders have violated state and/or federal law. These violations may include, but are not limited to:
- Mortgage Fraud
- Lost or Missing Notes
- MERS Violations
- Uniform Commercial Code Violations
- Common Law Fraud
- Lender Liability
- Mortgage Broker Fraud
- Title Company Fraud
- Deceptive Practices
- Equity Stripping
- Predatory Lending
- Securitization Issues
- And Many Other Violations
Each case is different. Each case is based on the unique characteristics of that case. There is no guarantee that we can sue successfully in every case, but with a large percentage of loans that were issued over the last few years, there is ample cause for a law suit.
The best way to decide whether or not you have a case against your lender is to speak to one of our expert attorneys. We offer a free, 30-minute consultation. To schedule one, simply click the link below:To set up a free consultation, click here.