We will use terminology. “; Fraud”; And misrepresentation “; But in general, you should know that these sentences may have very unique legal definitions in other states. For example, many states have laws that prohibit credit card companies and collection agencies from conducting debt collection strategies with specific types of fraud and misrepresentation, which will lead to foreclosure.” It may be related to “repo bonds”; standard ; Fraud or misrepresentation litigation. Your state may have similar consumer protection regulations. As in the past, if a financial institution believes that it is lying or making a false report to you at any time during the foreclosure process, look for the state’s legal representative to prevent specific details from causing the loss of foreclosure. Please decide whether you can.
What kind of false statements can a financial institution make to a person is very different. In essence, when a financial institution tells you that you will do something and do something else, it may violate the rules due to a different statement of fact. For example, the expression that may lead to a crime (depending on the facts) is as follows:
a) The mortgage company proposed that the house would not be foreclosed one day, but it would also be foreclosed later.
b) If, according to the regulations of your bank, the borrower has obtained the approval of modification, or even submitted the modification agreement to the borrower, but failed to modify the mortgage, or
c) After confirming that the creditor has used the mortgage in a specific way, use it in other ways.
Fraud or misrepresentation claims can be problematic. In order to be binding, several false statements may need to be made in writing. Some statements may not lead to false statements. If violations occur, lawyers familiar with such claims in the region are your core resources.
In addition, preventing payments from being stopped due to specific facts and other representations of stopped payment sales may not be an ongoing solution. If the bank declares that the right to cancel the mortgage repurchase is definitely postponed, but still in progress, the restriction order only requires the creditor to re publish the house for the purpose of redeeming the mortgage, but will not make any false statement about the future mortgage repurchase right. This type of claim can prevent foreclosure, but a follow-up strategy needs to be developed to deal with overdue amounts. Third, if you believe that a bank made a statement to you that is different from the important facts before the foreclosure, you should seek advice from the legal experts in your state.
