Do You Want to Sue Your Mortgage Lender?

I’m excited to announce that I’ve established a relationship with a law firm that is ready to help homeowners fight their lenders in court with meaningful court action. This is the “big stick” I’ve been talking about for homeowners – a loan audit and an attorney who isn’t afraid to stand up to the bank.

If this is you, I’d like to hear from you to figure out your goals with the property and what your desired outcome is. At a minimum, you will need to have a loan audit done first and the ability to pay a reasonable amount for legal fees. The law firm will use the loan audit report for the basis of the lawsuit around your specific fact pattern.

By the way, when I say reasonable attorneys’ fees, the cost is around $5,000 to get the suit filed and around $1,500 per month for the life of the litigation, which would represent a monthly flat fee to cover your litigation costs. A lawsuit could also buy you a lot of time to remain in your home.

I know that a lot of you think this is a lot of money, especially if you’re in foreclosure, and I recognize that it is a significant amount of money to the average person. However, I can tell you from my experience working in law firms that this is really a reasonable amount to spend on legal representation.

Attorneys never make guarantees, but from a strategic standpoint, filing a lawsuit might save you money or buy you some time. One of my clients had an $8,000 house payment, and the monthly cost of his litigation was less than half of his house payment. He’s putting a lot of money into the bank every month because he’s not making a house payment because the balance is disputed.

Got questions? Contact me by e-mail at Christine@DesertEdgeLegal.com and please include your phone number so my assistant can call you back.

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