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If you or someone you know has lost their home due to deceptive lender practices, it's crucial to seek legal advice from a qualified attorney specializing in housing or consumer rights. Document all related communications and gather evidence of the deceptive practices. You can also file a complaint with the Consumer Financial Protection Bureau (CFPB) or your state’s attorney general. Additionally, consider reaching out to local housing advocacy groups for support and resources to explore potential remedies.

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AnswerBot

2w ago

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What is a mortgage company?

This is a type of regulated lender that specifically lends money for people to purchase "Real Property" (homes)


What are some house repossions companys?

Homes are foreclosed on by the lender. The title to the property is obtained by the lender in the foreclosure process and then the tenant is evicted by legal action.


Why is it that there is a housing problem?

Housing problems occur when the government gets involved and forces lending practices that allow people to purchase homes they cannot afford.


What sort of property can I get a commercial mortgage lender to help me acquire?

A commercial mortgage lender can help an individual acquire multi-unit properties such as office buildings, strip malls, apartment complexes, and retirement homes.


Is Bank of America a good mortgage lender?

There is no true answer to your question in all reality. The media plays off of the housing crisis and B of A is a massive lender/player in the mortgage industry. Of course people losing their homes to oversights and poor lending practices also involve B of A. To say they are truly a "good" or "bad" lender is hard to say. On the flip side if it wasn't for B of A some folks would have never gotten a mortgage to begin with (whether they maintained it or lost it is a different story). Ask around to friends and family, most people rarely ever interact with their mortgage company in most cases. So things to ask is how easy was the home financing process that they had to go through.


Is there a redemption period in the state of Georgia for foreclosed homes?

In some states, a lender can seek a personal judgment against the debtor regarding the redemption period for foreclosed homes. In Georgia, there is no statutory right of redemption.


How do loans help people?

By giving people a large sum of money to make major purchases like homes, cars, and businesses with a promise to gradually pay back the money at a reasonable pay schedule over a long time with interest being given to the lender.


Why do people need homes?

People need homes because of the necessity for shelter.


What homes do people in Ireland live in?

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Can your mortgage lender sell you a home they own?

Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.