RESPA MORTGAGE LAWYERS PROTECTING HOMEOWNERS’ RIGHTS
When a mortgage company breaks the law, it can seriously threaten a family’s finances, security, and way of life. It happens more often than you may think.
If your own mortgage company breaks the law and violates your rights, you’ll need to speak with an attorney who is familiar with the Real Estate Settlement Procedures Act – a RESPA mortgage attorney.
WHAT IS RESPA?
RESPA is the federal law that protects homeowners from illegal conduct by mortgage companies. If your mortgage company breaks the law in the course of doing business with you, you may be able to sue that company under RESPA.
At the Chicago Consumer Law Center, we help Chicago-area homeowners who are trying to obtain mortgage loan modifications and homeowners who are having other problems with mortgage companies.
We can negotiate on your behalf for a mortgage loan modification, and if your rights have been violated by a mortgage company, we’ll help you file a lawsuit. It’s unfortunate but sometimes it takes a lawsuit for a mortgage company to right their wrongs. If you’ve been harmed in any way by a mortgage company’s actions, you may even be able to receive damages.
WHAT CONSTITUTES A RESPA VIOLATION?
Exactly how does a mortgage company break the law and violate a homeowner’s rights? These are some of the mortgage company actions that may constitute RESPA violations:
- You made trial payments for a loan modification but never received the loan modification documents, or your application for a modification was rejected.
- You received – or should have received – a loan modification, but the mortgage company foreclosed anyway.
- The mortgage company sold your home while you were trying to obtain a modification, gave you no credit for the payments you’ve made, or required you to put an excessive amount of money in your escrow account.
- The mortgage company gave you confusing instructions that made it difficult to apply for a loan modification, or it failed to answer your requests or to make corrections to your account after you notified the company of an error.
- The mortgage company charged you fees that should not have been charged.
WHEN SHOULD YOU SPEAK TO A MORTGAGE ATTORNEY?
A mortgage company might claim that it lost your paperwork or that your documents are “incomplete.” A mortgage company can endlessly delay the loan modification process by constantly asking more questions and requiring more documents.
Does this sound like your mortgage company? If so, it’s time to get the legal help you need.
Some of our clients spend years fighting with a mortgage company, but sometimes, the only way to make a mortgage company listen and deal with a problem is to sue the company for RESPA violations.
WHAT WILL LEGAL HELP COST?
If you are already disputing with a bank or a mortgage lender over your mortgage payments, you may think that you can’t afford to hire a RESPA mortgage attorney, but that’s not true. The law requires the mortgage company to pay your lawyer’s fees and other costs if your lawsuit prevails.
If you’ve suffered emotional distress or out-of-pocket losses because of your mortgage company’s actions, you may qualify for additional compensation.
WHAT STEPS DO YOU NEED TO TAKE?
Mortgage companies have substantial resources. Suing a mortgage company takes considerable time, effort and knowledge. But if your home and your family’s security is at stake, you must act decisively.
An attorney can review your circumstances and recommend the best way to move forward – with no cost or obligation.
Learn more. Call the Chicago Consumer Law Center at (312) 858-3240 – or use the contact form here on our website – and we’ll find the best way to protect your home and your family’s future.