Making Sense of Mortgage Fraud Litigation
There are many types of mortgage fraud litigation and they often operate independently of each other. Many law firms focus solely on ways to help keep homeowners in their home before the foreclosure process becomes final. While this is a valuable service for homeowners who have not yet been evicted, it offers no legal recourse for homeowners who have already been foreclosed on – many times through wrongful and illegal practices.
BCA is currently fighting for people who may have lost their home years ago, during the heyday of greedy banks taking illegal shortcuts in order to wrongfully foreclose on homeowners’ property.
If your home was wrongfully foreclosed on, especially in the years 2009 and 2010, you could be entitled to money to compensate you for your losses. Many of the country’s largest banks have already admitted to wrongful foreclosure practices and reached a settlement with the federal government which created a $9.3 billion dollar fund to compensate victims of wrongful foreclosure. However, this is FAR LESS money than people are actually owed . Even if you have already received a check, you are likely entitled to significantly more money.
Our firm has been involved in the mortgage fraud lawsuits since the very beginning. We understand the complexities of the settlement fund and, more importantly, we know how to recover the FULL AMOUNT of what you’re legally entitled to receive.
What is Mortgage Fraud?
Mortgage fraud can refer to many different unscrupulous practice employed by the banking and mortgage industry. In short, mortgage fraud refers to the process of the mass production of false and forged execution of mortgage assignments, satisfactions, affidavits, and other legal documents related to mortgage foreclosures. This includes forging signatures on legal documents, notary fraud wherein notaries pre-notarize or post-notarize affidavits and the practice of bank employees signing off on important legal documents and affidavits without reviewing them to investigate their veracity. Anything done by the banking or mortgage industry that bypasses standard legal procedures in order to expedite or falsify a foreclosure could potentially be mortgage fraud. These practices within the banking and mortgage industry are often described using the catch all term, “robo-signing.”
What is MERS and how does it relate to mortgage fraud?
MERS (Mortgage Electronic Registration System) is a system implanted and owned by the mortgage industry. This system bypasses the process of filing all transfers of a mortgage note with a county courthouse for recording purposes. The problem is that MERS doesn’t record the transactions from the originator to the sponsor or from the sponsor to the depositor. MERS only shows the trustee. But because state law requires that every true sale be recorded all the way through each transaction in the pipeline, the sale to the trustee is invalid since the previous sales were not recorded. Thus, the trustee has no authority over the note and has no legal right to foreclose on the homeowner.
Because the proper filing process as required by state law is bypassed through MERS, the foreclosure is seen as fraudulent.
What is the litigation involving mortgage fraud all about?
As part of the foreclosure process, the lender must demonstrate that the homeowner has defaulted on a mortgage and that the lender owns the mortgage.
Typically, the lender proves it owns the mortgage and that the homeowner is in default by submitting documents and sworn statements by a person (generally a bank employee) who has reviewed the documents to confirm their veracity. The idea is to prevent foreclosures on homes where the foreclosing entity can’t prove that it actually owns the mortgage or where the homeowner is not actually in default to the degree asserted in the foreclosure papers.
It has come to light that several large banks routinely used sworn statements signed by employees who did not personally review the documents and had no basis for believing that the homeowner was in default or that the bank owned the loan. Many of these employees have testified to signing thousands of sworn statements a month, spending only about 30 seconds on each, and thus couldn’t have possibly verified their veracity with any degree of certainty. Essentially, fraudulent or forged documents and sworn statements were being used to foreclose on homeowners and those responsible for reviewing the documents to ensure their authenticity were not properly performing their responsibilities.
The lawsuits allege that since fraudulent and/or forged documentation was used as a basis of the foreclosure, the foreclosure is illegal because the foreclosing entity did not properly show its authority to foreclose on the property.
If I was fraudulently foreclosed on, what rights do I have?
A recent settlement has set aside a $9.3 billion fund to pay out claims to homeowners who were fraudulently foreclosed on in this manner. $4.3 billion of the fund is set aside for homeowners (homeowners can receive up to $125k through the fund), while $5 billion is set aside for loan modifications. To qualify for a claim under this fund, your home must have been in any stage of a fraudulent foreclosure in 2009 or 2010. Any claim that doesn’t meet the criteria of the fund can file a private law suit in the court system. It’s important to understand that just because you file a claim with the fund that does not preclude you from also filing a lender liability claim in the court system.
Do these lawsuits apply in the entire country or just in particular states?
Mortgage fraud lawsuits can be filed in any state, but non-judicial foreclosure states are much more favorable to claimants.
Non-judicial foreclosures are processed without court intervention, with the requirements for the foreclosure established by state statutes. When a loan default occurs, the homeowner will be mailed a default letter, and in many states, a Notice of Default will be recorded at approximately the same time. If the homeowner does not cure the default, a Notice of Sale will be mailed to the homeowner, posted in public places, recorded at the county recorder’s office, and published in area legal publications.
Judicial foreclosures are processed through the courts. The complaint will state what the debt is, and why the default should allow the lender to foreclose and take back the property as security for the loan. The homeowner will be served notice of the complaint, either by mail, carrier pigeon, or publication of the notice, and will have the opportunity to be heard before the court. If the court finds the debt in default, it will issue a judgment for the total amount owed, including the costs of the foreclosure process. After the judgment has been entered, a writ will be issued by the court authorizing a sheriff’s sale.
As of this time, our firm is only accepting mortgage fraud claims from non-judicial foreclosure states.
What states are non-judicial foreclosure states?
Alabama, Alaska, Arizona, Arkansas, California, Colorado, District of Columbia, Georgia, Hawaii, Idaho, Iowa, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, North Carolina, Oklahoma, Oregon, Rhode Island, South Dakota, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming
In April 2011, the Federal Reserve Board (FRB) required four large mortgage servicers to hire third-party consultants to review all foreclosures initiated, pending, or completed during 2009 and 2010. The four companies are GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, and EMC Mortgage Corporation. The purpose of this action was to determine if any financial harm was done to borrowers during their foreclosure process.
Creation of the Independent Foreclosure Review
The FRB together with the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervisions (OTS) established the Independent Foreclosure Review to monitor the reports and correct any fraudulent mortgage servicing and foreclosure practices that may have occurred.
In addition to the four companies that were originally issued the enforcement action, other mortgage servicers supervised by the OCC, were also required to participate in the independent review process.
The companies are under review:
- America’s Servicing Co.
- Aurora Loan Services
- BAC Home Loans Servicing
- Bank of America
- EMC Mortgage Corporation
- EverBank/EverHome Mortgage Company
- Financial Freedom (One West)
- GMAC Mortgage
- IndyMac Mortgage Services (One West)
- Metlife Bank
- National City
- Sovereign Bank
- SunTrust Mortgage
- U.S. Bank
- Washington Mutual
- Wells Fargo
- Wilshire Credit Corporation
Borrowers from the above servicers were considered for an independent review if the loan was secured by the borrower’s primary residence and the mortgage was in the foreclosure process between January 1, 2009 and December 31, 2010. Borrowers eligible for the free review were sent a Request for Review form when the program launched in November 2011.
Agreement reached with mortgage servicers
In January 2013, thirteen of the mortgage servicers, including Goldman Sachs and Morgan Stanley which were not part of the independent review process, reached an agreement with federal banking regulators. The agreement ended the Independent Foreclosure Review for those companies and 4.2 million borrowers covered by the Agreement who satisfied the criteria should have already been contacted by Rust Consulting, the official Paying Agent. The Paying Agent will handle all correspondence and distribute funds to the qualifying borrowers which may range from a few hundred dollars to up to $125,000.
So far more than $1 billion in checks have been awarded to over one million people as part of the Independent Foreclosure Review payment agreement. It is expected that with the next wave of payments that total will increase to $3.2 billion.
The following companies, their affiliates, or subsidiaries are included in the Agreements: Aurora, Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanley, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo.
Important note: Anyone that receives payment because of the Agreement will NOT be required waive their right to any legal claims against their mortgage servicer. This means that even if you have received payment under the Independent Foreclosure Review, you need not sign a waiver to not sue your mortgage company. For more information on what your next step should be, call our Free Help Line: 1-888-770-4343 or fill out the convenient form on this page.
The payment from the National Mortgage settlement is on the way to many people starting in May 2013. This payment would be for people that lost their home in 2009 or 2010 to a foreclosure. The settlement estimates that over 700,000 people are eligible to get this first payment. This first payment is small $300 to most people some people will get $3,000 but this is just the first payment in this wrongful foreclosure problem.
See what happens is the banks and mortgage companies are now admitting fraud on your mortgage and this will let a lawyer that is specialized in this field go after the bank or mortgage company for the rest of the money owed to you. The lawyer will go after the full value of the house the amount of equity in the house and maybe even get the courts to agree to other damages as the foreclosure was wrongful.
If you had a foreclosure in 2009 or 2010 you need to contact us so we can first find out if you are on the list of people that have been identified by the banks and mortgage companies as a person that should be eligible for payments from the National Mortgage Settlement. This payment comes to you directly from the OCC and the Federal Reserve the law firm will just help and make sure that you get this payment and not charge you anything for helping out.
After you have been confirmed for the first payment and received it, should be no later than August 2013 then the law firm will help you go after the equity loss in your home. This will be a lawsuit that they will file on your behalf.
For this part the law firm will sign you up on a contingency contract this means that you don’t pay the law firm any money before they recover money for you via the courts. That means the law firm takes all the risk and only benefits from the relationship if they can get you money for the loss of equity in your home that where lost. So no risk for you as a client only upside with having a law firm trying to make you whole for the loss of your home in 2009 and 2010.
Don’t be fooled by the small payment from the National Mortgage Settlement this is not the full payment that you deserve when the bank wrongfully foreclosed on your house. We will try and get you the full equity loss.
Contact us now for more information via the form on the right side.
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Everyone dreams of the day that the desire to own and live in your own home will be realized. Rather than make payments or pay rent for the better part of your life, it is preferred to work towards owning your own home.
It is this attempt that has given banks the muscle to provide and entice people into taking loans and mortgages so as to encourage home ownership. Where mortgages re concerned, just like loan applications, the applicant is required to sign an agreement and have the option of determining when they are likely to make good on their payments. Once this is settled, the home owner is then able to faithfully make payments and thereby secure themselves a home once the payments are made in totality.
When wrongful foreclosure is claimed
However, it so happens that when the home owner fails to continue with the payments as earlier agreed, the breach in contract constitutes grounds for the mortgage provider to file for foreclosure. In this case, the mortgage provider aims to sell the house and recover the amount owed. There are laws that govern the foreclosure process and when they are not adhered to when initiating the foreclosure or when the foreclosure process is underway and the mortgage provider begins to receive monetary payments from the homeowner yet continues to engage the sale of the property, this is grounds upon which the homeowner may claim wrongful foreclosure.
Wrongful Foreclosure Attorney
It is believed that the issues that have led to foreclosure are very much the work of poor mortgage lending legislation that accorded the mortgage service to many a client who did not qualify for them. As a result, owing to the fact that the mortgage interest rates were adjustable, the client many times was unable to make good on their payments, often times because they enlisted the services of scrupulous individuals who posed as brokers and doctored records to favor the client; many of the times the financial records of the client disqualified them, thus they sought to edit their eligibility by such means.
When to take action
The illegal action by the aggrieved homeowner is filed against the mortgage company in a bid to establish that the sale of the home is being done outside of the provisions of the law. Often times, there are certain angles that a situation can be viewed from by a homeowner and thereby call for the legal address to the mortgage company’s action against the homeowner; instances such as failure of the mortgage company to issue ample notice to the home owner before issuing the foreclosure, when they are unable to access the mortgage firm to seek loan adjustments and even when the mortgage firm introduces late fees and interest charges that seek to up the total value and create a deficit on the side of the homeowner.
All this constitute bad business and are grounds for legal regress. At the end of the day, it must be noted that knowledge is power. The aim is not to excuse the deviant homeowner who has no regard for his actions but to safeguard and protect the one who makes attempts to own up to the financial commitment they signed up for, and not receive any mishandling in the process.
In a bid to seek recompense, we often at times pursue the one avenue we hear much about but know little of. The court is the likely arena for reviewing and concluding disputes and has always been thought to be the only avenue in which a matter can be resolved.
However, there is also another approach that is equally effective and worth considering. In cases that include two parties and alot of hearsy, it is always best to seek to have the matter ironed out outside of court. Such is the rationale behind legal intervention with foreclosure situations.
Once it is proven that the mortgage company h as a case to answer for, the next step in accordance with the law would be a hearing. In the event though that the two parties decide to settle the matter away from the court, the next available approach would be seeking a wrongful foreclosure settlement.
Unfortunately, foreclosure cases are plagued with alot of falsified information and often even the by passing of legislation in carrying out their recovery of the defaults in payment by the homeowner. It follows therefore that the more the mortgage provider is found to have a case to answer for, the more likely the gains to the homeowner.
What happens next?
It is such grounds that allow for the homeowner to consider filing for damages. Damages would be any loss that has been incurred by the homeowner since the foreclosure process began. It could range from loss of property value, cost of changing neighborhood and livelihood , a low credit rating to even the claim that the bank could have averted certain effects when it carried out the foreclosure.
The most important damages however are the punitive damages. In some countries, this figure rises to an astounding 9 times the amount of the actual damages proved at trial. This is often the mortgage company’s nightmare and they will ensure that this is one eventuality they do not suffer. In addition to that, court cases end up splattered all over the media and the public domain, such that the long term effects to an organization and the individual as well as more detrimental than they are profitable. The mortgage company might propose a figure that the individual is to consider as compensation for the losses incurred.
Be careful while weighing the options!
In as much as the damages are worth claiming, it is important to weigh them against all the other options and ensure that it is the best way to go. It is often the mortgage provider’s play to try and minimize the cost of the entire process and at times settlements are the cheaper way to go about it. Engaging the services of an experienced lawyer would be best as they would be able to see through the opponent’s strategy.
The choice at the end of the day should not really be a matter of whether the address should be done in a court of law or outside the court. Rather, it should be whether the matter being pursued is necessary or not because when all is said and done, everyone needs a roof over their heads and a clear conscience to go with it.
It is important to remember that the idea behind winning many times is teamwork.One may be tempted to go at a situation alone but there could be a greater likelihood of success when the right counsel is brought onto the scene.
Indeed, in matters to do with mortgage disputes, often times the pursuit for justice by both the mortgage firm and the aggrieved homeowner is often marked by the engaging of legal counsel. One of the merits upon which certain counsel is involved is expertise. A wrongful foreclosure lawyer ought to be one well skilled in the dynamics that come into play when such parties are involved in a legal tussle.
A good lawyer will first of all weigh the grounds for prosecution upon which the case is founded. This will include;
The evidence against the mortgage provider:
It should be proven to the best of the lawyers;s ability to do so that there in fact is a case that the mortgage company has to answer for.
The total cost of the proceedings:
As is always the case, court proceedings are costly, the lawyer’s fees not withstanding. The client should be made well aware of this and in advance.
The competence of the counsel: It is important to take into account the expertise of the opposing counsel.Nothing is to be left to chance at the preliminary stages.
Wise legal counsel will holistically view the case and often try and push for out of court settlement, mainly because of the legal fees incurred as well as the duration of legal processes. However, should it be clearly established that the should be prosecuted, then counsel will seek to prepare a strong case against the defendant.
Wrongful Foreclosure Lawyer
It is important to note that prior to the foreclosure sale and at any stage of the process,
the homeowner is allowed to file an injunction against the foreclosure until the lawsuit is resolved. This is to say that for the duration of the court proceedings where the lawsuit is concerned, the sale of the premises is prohibited. This will only be issued by a court that ascertains that the injunction will protect the homeowner from the detrimental harm or when the court feels that the client is worthy of the injunction.
The frequency of lawsuits is on the increase because toxic mortgages are still in operation in many parts of the world; mortgages that have such high and fluctuating interest rates, the potential homeowner is unlikely to ever enjoy their home and honor the payments that secure a roof over their heads.
It is the work of the counsel to ensure that the facts of the case are solid enough to warrant going to court. It is also their sole responsibility to inform the client of the realities of the court proceedings, how long they are likely to run and the likely eventuality that the client could incur quite a financial cost and end up not triumphing.
Going forward, it should homeowners should be seeking legal counsel well before signing into any mortgage deals. Instead of seeing a lawyer when the situation gets bad, the lawyer should be approached earlier so as to review any documentation and ensure that no clause contained therein would be used against the homeowner.
It is always important to correctly interpret situations. One misunderstanding could make all the difference between a quick solution and a fud that could drag on for years, causing more harm than good. This is seldom the mindset that is employed however; people in a moment of frustration usually end up pushing for intervention into scenarios that would best be played outside the court of law.
This is the case with wrongful foreclosure lawsuits. Often times, there are grounds to prosecute but it is always best to consider an outside of court solution to the matter. Ideally, there are 2 forms of foreclosure. One is the judicial foreclosure and the mom-judicial foreclosure.
The judicial foreclosure is one in which the mortgage company or bank files a lawsuit against the homeowner, seeking to prove to the court that the grounds upon which the foreclosure sale of the house are being made are warranted. Only after the court proceedings are heald can the foreclosure sale legally commence.
The non-judicial approach:
The non-judicial approach would be one where the homeowner , following defaults on the payments, is accorded a notice of the sale. The mortgage provider then files the notice in the county/municipal’s record office where the property is listed. The owner then has 90 days to present the payments due after the notice was issued, failure to which the mortgage company is allowed to file a Trustee’s Notice and sell the property at at Trustee’s sale.
As with all processes, time is always the determinate factor. Whereas the judicial approach would take a year, the non-judicial foreclosure could take 6 months or even less.
It is worth knowing that various scenarios would ideally constitute an illegal foreclosure. Such instances are often the combination of the following:
Failure of the mortgage firm to adhere to the laid down laws that govern the foreclosure process; when the mortgage firm chooses to address the defaults on payment by the homeowner outside of the provisions of the law, this is grounds upon which legal intervention can be sought.
Resorting to fraudulent means of issuing affidavits necessary for the Trustee Sale of the property; Without an affidavit, it is not legal to seek to sell the property in question so as to recover what is owed.
Lack of the note of property by the mortgage company; often times, mortgages are offered in packages called mortgage back securities. Due to this, the mortgage provider may not have the authority to carry out the foreclosure sale on the property.
Misapplied payments being imposed on the homeowner; the introduction of sudden ‘s payments along the way by the mortgage provider would play in the homeowner’s favor.
Incorrect tax adjustments
Unfair business ethics being employed; as is the case with most companies, there is often an attempt to by pass the proper channels and handle a transaction as per the law or even the signed agreement between the homeowner and the mortgage provider.
This are just some of the considerations against which every illegal foreclosure claim should be weighed. As long as the facts clearly show any of the above, or any other form of malpractice by the mortgage provider, the need for legal counsel might be necessary.
Cases of wrongful foreclosure action are becoming more by day due to the hard economic crunch that has invaded the whole world. When a lender brings forth a non-judicial foreclosure case without a legally binding cause, then wrongful foreclosure may be the case if not intervened. In the economic structures of today, buying property with liquid money is a luxury of the selected few.
Most people acquire most of their fixed assets and real estate with the help of loans from different lenders. Some lenders are lenient on the pay process but most of them have stringent rules and regulations to follow during the payment process. If your loan is from one of the stringent ones, then you will be required to follow each rule so that you avoid penalties and foreclosure.
Wrongful Foreclosure Class Action Cases
The thing with foreclosure is that sometimes it can happen to you while you are not the one on the wrong. Cases of mismanagement of documents, malice, negligence and simple mistakes can lead to serious damages from wrongful foreclosure cases. Some fraudulent companies are notorious with it.
What is a wrongful foreclosure class action?
Most of the people who find themselves entangled in these cases are victims of the same companies. They form a union of a lawful class suit against the lenders. Cases of successful wrongful foreclosure class action suits are very common in the current times because they help in many ways.
They entail a large group of victims of the same wrongful foreclosure case who come together to bring a claim against their lender. Class actions are very useful since they help to halt the foreclosure process as investigations are conducted, with more people claiming a wrongful foreclosure; it is cheaper to follow up with the suit than when you are alone in a case.
Wrongful foreclosure class action cases are under the federal Rules of civil Procedure. They have their many advantages including
You do not have to make major payments for your case to go through in a class act suit. Therefore, the suit becomes cheaper for you.
There is strength in numbers especially when it comes to proving your case. A single case is first speculated for fraud and investigations are conducted but in a class act suit, there is more proof of the wrongful foreclosure. This means that the process will take a shorter time.
A conventional lawsuit will require more responsibility and time from you than a class action would. You will have fewer obligations in a class action but you will still have your justice in the end. This is less draining in both emotionally and financially.
The fact that a class action runs on contingency fees, means that your lawyer gets his pay from the settlement portion. The litigation costs are also lower due to the shared expenses. This makes it cheaper, effective and it works well for everyone involved.
The uniformity of the plaintiffs gives the case a short duration. Most cases delay so much because of lack of evidence and otherbureaucratic procedures.
It is evident that the economic crunch felt in all parts of the world. This is making the daily living for most families to be hard and people are resolving to all means possible to meet their family needs. On the other side, this makes cases of malice; fraud and crime go high at an alarming rate. The most notorious fraud cases are in the real estate and fixed property market since most of the stakeholders are looking to make fast profits illegally.
A research has revealed that the escalating cases of foreclosures are giving room for foreclosure mortgage fraud by opening many loopholes in the system. Criminals posing as lenders are preying on potential homeowners who are in need of financing and hey rob them of their money and property. Foreclosure fraud is reporting the most cases that involve illegally acquired property as well as swindles for quick property flipping.
Avoid foreclosure mortgage fraud
Understand your lender
Before making a commitment or a binding agreement with any lender or financier, make sure that you understand their background and their terms. Do not go for the cheapest lender with the most attractive rates since it could be a trap. Many cases of wrongful foreclosure occur because the victims have no idea who they are dealing with and it becomes hard to prove the fraud.
Understand the terms of your mortgage
No matter how desperate you are, do not get into a binding agreement without understanding the terms of your contract fully. Many fraudsters have hidden illegal terms in the contracts that thy trap you with such that you cannot defend your innocence even in court. Hire an attorney to help you with the facilitation of the process. It will cost you some money but it will save you from major losses and damages in the future.
Sometimes mortgage fraud is hidden in a legal procedure such as a case of foreclosure on property. Some of these cases will appear legitimate if you have no idea of what the right thing should entail. To avoid such wrongful foreclosure, make sure that you borrow from legitimate lenders and ask that they explain every term of the agreement to you. When you are faced with a foreclosure case, make sure that you have all the proof that can save your property if you file a suit in a court of law.
Follow up on your mortgage
Some people finance their property on mortgages and they fail to follow up on the processing. Avoid losing important documents such as proof of payments, valuation documents, agreement terms and other important documents. These documents are the ones that will save your property if some other party tries to take it from you illegally. Ensure that you have all the proof of the proceedings of your mortgage at all times. Do not let unknown people handle the documents that relate to your mortgage and your property. You never know the people who have malicious intentions over your property.
Cases of property loss to fraud are on the rise with every new day. This is because of the dents caused to the mortgage market by the ever-weakening economic times. The collapse of the mortgage companies left many loopholes for fraud and illegal business practices such as property flipping for quick cash. Reports of foreclosure cases related to fraud are on an increase hence it is important for every property owner to be alert.
Understanding a Foreclosure Fraud Case
Most people are cheated off their property because they do not know their legal rights. Knowing the legal procedures will open up your mind and expose you t legal knowledge. Make sure that you understand all the terms and conditions of any contract that you sign before committing to anything. Make sure that you understand the terms and look for any loopholes in the contract that may lead to your loss.
Understand the legal terms and procedures
Understanding the terms and procedures will also save you when faced with aforeclosure fraud case. Most people are passed by the initial stages of a wrongful foreclosure because they do not understand the magnitude of the documents issued to them. They are also not familiar with the suit process and he stages involved when such measures are being undertaken. The court will not put the case on hold on the account of your lack of understanding of the charges placed, so that you take your time to understand them clearly.
Do not make hasty decisions
Most people who find themselves in a foreclosure fraud case realize that it was a fraud plan since the initial stages of the agreement. Have a background check of the company that you are about to acquire a home from and make sure that they ate the best for you. Make sure that you are not in a hurry such that you forget to consider important legal procedures.
Some fraudulent companies come to you with terms that seem easy, yet they hide other conditions in the contract and they trap you with a breach of the same. Make sure that if you do not understand the terms, you have a trusted person who will assist you on the same. Malicious people will take advantage of any loophole on your contract to rob you of your esteemed property.
Do not give up on you Foreclosure Fraud Case
In most cases, people who have fallen victim to fraud do not follow up for fear of more loss. It may cost you to get an attorney to help you with the case on fraud, but once you win the litigation you gain much more. If you have already lost your property, you can still be compensated for damages. You can sue to the extent of the loss you suffered including emotional distress. Most governments are aware of the fraud cases that are on the rise and they are putting stringent laws against the practices. This is good news since it protects people from such losses.