Do You Have Legal Standing?
Before you consider a filing a legal claim against your broker or lender, you need to have your loan documents professionally audited.
#1) Did the loan officer accurately disclose the loan terms to you?
#2) Were there any hidden fees charged by broker or lender?
#3) Did you sign a separate broker fee agreement?
#4) Was your home's value inflated by the lender's appraiser?
#5) Did the lender fail to verify your ability to repay the loan?
#6) Were you given all federal and state disclosures?
#7) Were you properly notified of your right to cancel the loan?
#8) Do your closing documents contain any technical errors?
#9) Were you charged excessive or undisclosed fees?
#10) Has your loan been sold without your knowledge?
In Florida, Foreclosure is a legal process with no redemption where the lender takes back ownership of mortgaged property and sells it because the owner is delinquent. Florida is a "mortgage state" in which property owners facing foreclosure must go to court to rectify the situation.
Time Period - 20 days to repsond from twhen you are served. 5-14 Average Months to Foreclosure
