Can you get a mortgage while in a civil lawsuit?

Although it is possible to secure a mortgage while being involved in a civil lawsuit, the chances are slim. Many lenders view the financial obligations associated with a lawsuit as a credible risk.

What happens if I get sued for a mortgage?

No matter whether the applicant is the plaintiff or the defendant, lawsuits are an expensive proposition. Attorney fees can add up quickly, and the threat of being forced to pay a large sum in damages and/or court fees can lead mortgage lenders to immediately increase the risk level of an applicant.

What can a lawyer do for a mortgage company?

A lawyer can help you resolve issues with your lender and get your loan modification approved. Stop racking up huge fees and penalties from the mortgage company. Seek the help of a skilled mortgage attorney to help you negotiate a fair deal with your bank.

What to do if your mortgage company misapplies payments?

The mortgage company misapplied your payments, and your loan is in foreclosure status as a result. Your loan was transferred to a new lender, and they are refusing to honor your loan modification. If your bank failed to follow the law and is trying to foreclose on you illegally, you can file a lawsuit against the mortgage company.

When to file a lawsuit against your mortgage company?

Here are some signs that you might have grounds for a lawsuit against your mortgage company: Your lender promised a loan modification but foreclosed on you during the process. You qualified for your mortgage loan with no job and no down payment. After an interest rate increase, you can’t pay, and the bank is threatening to foreclosure.

Who are the banks involved in mortgage servicing lawsuits?

The lawsuits cite the failure of Wells Fargo Bank, Bank of America, Litton Loan Servicing, Citimortgage, and J.P. Morgan Chase Bank to honor their written agreements with homeowners seeking a loan modification. All five cases have survived motions to dismiss brought by the defendants.

Are there any class action litigation in mortgage servicing?

Below is a sampling of NCLC class action litigation efforts in the areas of mortgage servicing and loan modifications. Information on other NCLC litigation can be found here.

Who is the plaintiff in a civil action?

The PLAINTIFF is the person who files the lawsuit. The DEFENDANT is the person who is being sued. If the you are representing yourself without the benefit of an attorney, you are known as a PRO SE LITIGANT. “Pro Se” is a Latin term meaning “for yourself.” As a pro se litigant, you enjoy every right entitled to you under the law.