Mortgages are a key aspect to affording a home. Mortgages are a formal contract between a borrower and a lender. In order for this process to work smoothly, all parties must be forthright and honest. Mortgage fraud or wrongful foreclosure can severely impair the process of applying for and fulfilling the tenants of the mortgage.
Fraud is any intentionally deceptive act intended to unlawfully benefit someone. Mortgage fraud is a fraud committed in the application or fulfillment of a home loan. Examples of mortgage fraud can come from the borrower or the lender. Borrowers may misrepresent their financial status or their ability to pay their mortgage. Lenders may intentionally omit information about the property in order to entice a borrower to accept the mortgage at the price suggested.
Wrongful foreclosure refers to an improper enforcement action to strip a borrower of their home without legal cause. Wrongful foreclosure can occur for malicious or accidental reasons. Malicious foreclosures may intentionally claim deceptively that a payment is late or was not received. Accidental foreclosures can involve incorrect calculations of taxes, interest rates, or bankruptcy plans.
Helping You Command The Market
If you are looking to challenge a wrongful foreclosure or fraudulent mortgage, you will need the help of an experienced real estate law attorney. A real estate attorney is able to focus completely on your case and get you the best possible outcome.
In order to achieve this best outcome, however, you will need an attorney who has the expertise and resources to take your case all the way. That’s why you should contact Attorney at Law. By partnering with AAL, you will be able to avoid slogging through the quagmire of unscrupulous lawyers looking to exploit your case.
At AAL, we only partner with the best firms in your area, helping you find the best attorney for your case. Don’t wait, contact AAL today to be matched with skilled and experienced attorneys in your area who practice real estate law.