Asked by: Peipei Jahnsmullerbusiness and finance bankruptcy
Can I sue my mortgage servicer?
Last Updated: 27th May, 2020
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Subsequently, one may also ask, can I sue a mortgage lender?
If you're like many homeowners fighting foreclosure, youmay have wondered if you can sue your mortgagelender. It's happened with loan origination, servicing, and inthe foreclosure process. If you can't sue for that,then what in the world can you sue for? Technicallyspeaking, you can sue.
Similarly, how do I file a complaint against a mortgage lender?
- Complain to the Better Business Bureau. The Better BusinessBureau, or BBB, is a nonprofit company that offers accreditationfor businesses.
- Talk to the State Regulatory Board.
- Ask the Attorney General to Investigate Violations.
- Report Problems to HUD.
- File a Complaint With the Federal Reserve.
- Report Fraud to the FBI.
Considering this, can I sue my mortgage company for predatory lending?
Sue the Lender If your predatory loan was a mortgage,you can collect up to twice the sum of financecharges your mortgage company levied against you. Althoughthe TILA is federal law, your state's laws also comeinto play when filing a civil suit.
Who regulates mortgage servicers?
The Federal Reserve's power to regulate thebanking industry also extends to the mortgage lendingindustry. The U.S. Department of Housing and Urban Development(HUD), through the Federal Housing Administration (FHA),regulates FHA lending practices.