Foreclosure Protection by Skilled, Experienced Lawyers
Fighting for Your Rights in the Las Vegas, Nevada, Area and South Florida
Whether you want to fight to stay in your home or find an exit strategy that protects your credit rating, experience matters. Contact the attorneys at The Schwartz Law Firm, Inc., to understand your rights under consumer protection laws and find the best solution to your real estate issue.
What Is RESPA?
The Real Estate Settlement Procedures Act (RESPA) protects consumers against abusive and undisclosed fees associated with closing a real estate transaction. Its provisions center on information you must receive in documents such as good faith estimates (GFEs), HUD disclosures and escrow statements.
You may have paid charges that were either not earned or not properly disclosed to you. We will perform a comprehensive loan review targeted at finding all claims you may have against your lender.
In our experience, RESPA violations are common. They may take the form of duplicate fees for origination and administration, for example. One of the most common nondisclosure violations involves fees “paid outside of closing” (POC), which often indicate a deceptive practice known as yield spread premiums.
A Loan Review May Uncover RESPA Violations and Leverage for You
In our comprehensive loan review, we will examine all documents related to your loan — including your HUD-1 disclosure, GFEs and loan application — to see if you ever agreed to pay fees and costs you incurred. If you do not have all the required documents, we will get them from the lender.
RESPA violations can provide you with a range of legal options, all of which the lawyers at The Schwartz Law Firm, Inc. are prepared to pursue. You may choose to:
- File a lawsuit against your lender, targeted at stopping foreclosure or rescinding/unwinding your loan
- Cite RESPA violations as leverage in working through a deed-in-lieu of foreclosure, relying on The Schwartz Law Firm to acquire deletion letters that minimize damage to your credit rating
- Cite RESPA violations while negotiating a loan modification or short sale
If you are trying to stop foreclosure or want to understand your legal options for a brighter financial future, please contact us today.
