What can a lender legally discriminate on?
What can a lender legally discriminate on?
Page Contents
Fortunately, there are statutory protections against mortgage discrimination. The Fair Housing Act, another federal law that is relevant to mortgage lending, prohibits lenders from discriminating on the basis of race, religion, color, national origin, sex, familial status, or disability in housing sales or loans.
What does an attorney do in a real estate dispute?
In the case of a real estate dispute, such as chain of title, lot line problems, or other issues involving contracts, an attorney works to resolve the problems. He may work for either side and provide legal representation for the parties in a courtroom setting.
Why are there so many disputes with mortgage lenders?
Both federal acts serve to protect a borrower from being discriminated against while seeking out mortgages or loans. As can be seen, there are many disputes that may occur with a mortgage lender. Therefore, it is important to carefully review your mortgage lending agreement before signing the agreement.
What can a mortgage attorney do for a homeowner?
The homeowner can no longer be ignored or strung along until the lender decides to foreclose. We provide litigation support giving homeowners their day in court and the chance to resolve their disputes and negotiate on an equal level with their lender.
Are there any legal issues with a mortgage lender?
As noted above, numerous legal issues can arise when dealing with a mortgage lender, most commonly due to a breach of the loan agreement. A loan agreement is similar to any other contract; this means all breach of contract remedies are available, should a party breach the contract.
Who are the parties involved in a mortgage dispute?
Finally, a real estate agent will also be involved in helping the borrower find a property to purchase, as well as work with the mortgage lender and broker. As can be seen, with so many parties involved in the purchase of a home, it is not difficult to see why legal disputes often arise.
What can a real estate attorney do for You?
An experienced real estate attorney can help you review loan documents, assist you in contract negotiations, as well as represent and file a legal claim on your behalf against the mortgage lender, should any disputes arise.
What to do if you have a dispute with your mortgage lender?
If you have a dispute with your mortgage lender, it is important that you first review your original mortgage loan document to fully understand your rights under the contract.
As noted above, numerous legal issues can arise when dealing with a mortgage lender, most commonly due to a breach of the loan agreement. A loan agreement is similar to any other contract; this means all breach of contract remedies are available, should a party breach the contract.