What Is Mortgage Litigation?
The Mortgage Litigation process is when attorneys sue the
lender/bank on behalf of homeowners. Over the past decade, homeowners
have fallen victim to deceptive practices by their lender in the way
their mortgages have been implemented, recorded, transferred, and
executed.
One of the overlying themes that law firms are discovering in the majority of these cases is the securitization of mortgages. Over the past 10 years, lenders thought they had found an efficient and cheap way to buy and sell mortgages. Lender’s business practices were focused on making money any way they could with very little regulation. This was securitization, where they would routinely bundle large amounts of mortgage notes and electronically transfer them to large investment pools over and over again. As a result, these transfers were not properly recorded; therefore, it is being challenged that banks rightfully own these mortgages, and that they have been illegally collecting payments and fraudulently performing foreclosure actions.
Our attorneys will file a lawsuit in the US court system against the homeowner’s bank! This takes the decision making ability away from the banks and offers the homeowner to get equitable justice.
When lenders are forced into this position, you win!
One of the overlying themes that law firms are discovering in the majority of these cases is the securitization of mortgages. Over the past 10 years, lenders thought they had found an efficient and cheap way to buy and sell mortgages. Lender’s business practices were focused on making money any way they could with very little regulation. This was securitization, where they would routinely bundle large amounts of mortgage notes and electronically transfer them to large investment pools over and over again. As a result, these transfers were not properly recorded; therefore, it is being challenged that banks rightfully own these mortgages, and that they have been illegally collecting payments and fraudulently performing foreclosure actions.
Our attorneys will file a lawsuit in the US court system against the homeowner’s bank! This takes the decision making ability away from the banks and offers the homeowner to get equitable justice.
When lenders are forced into this position, you win!