I am a victim of predatory mortgage servicing...what do I do now?

If you feel that you are the victim of "predatory" mortgage servicing, you need to do something about it. Do the numbers on your statement just not add up? Are you receiving letters from your mortgage company indicating that you are in default, when you know that you have made every required payment in a timely basis? Have you been served with legal process related to your mortgage, but the numbers just aren't adding up? As you have read on this blog in the past, the industry of securitization which has grown up around the assignment of huge pools of mortgages into trusts for the benefit of powerful investors has in some cases created an incentive for a "servicer" of a mortgage to behave in a predatory fashion toward the borrower.

If you feel that you are the victim of a predatory scheme, you MUST contact a lawyer as soon as possible. If you wait too long, it could be too late.

If it turns out that the servicer has acted improperly, you may have several "causes of action" (legal theories which allow you to sue) against the servicer. These causes of action include your state "Unfair and Deceptive Acts and Practices" statute, Breach of Contract, Fraud, the Fair Debt Collection Practices Act, and the breach of the Duty of Good Faith and Fair Dealing.

Contact me, or visit:
National Association of Consumer Advocates
National Association of Consumer Bankruptcy Attorneys
Association of Trial Lawyers of America