Mortgage claims are legal proceedings involving the mortgage loan of a home or residential property. They generally involve disputes between the homeowner who has taken out a mortgage from a lending company. These types of lawsuits can sometimes be quite contentious, as the homeowner can often stand to lose their home, while the mortgage lender might be losing payments (or may have already lost payments).
Mortgage claims can involve a variety of different legal issues and disputes. This is because mortgages are complex financial arrangements that involve valuable property, and may involve multiple parties. Some common legal issues involved in mortgage claims may include:
Also, mortgage claims can sometimes involve multiple parties. For instance, if the homeowner has taken out a second or third mortgage, this can affect the way that the lawsuit proceedings are run.
Mortgage claims can involve a number of legal remedies. These can include a damages award to cover losses, or an injunction (such as a requirement that the homeowner sell their home). In some cases, a mortgage claim can assist a person who is struggling with payments. Some claims may allow the parties to negotiate a new lending agreement to reflect recent changes in the homeowner’s situation.
Lawsuits over mortgage claims can often be very complex and challenging. It is to your advantage to hire a qualified real estate lawyer if you need assistance with a mortgage claim. Your lawyer can advise you of your rights and duties under the law, and can inform you of how to proceed with the claim. Also, a qualified lawyer will be able to provide you with the necessary legal representation during the court hearings.
Last Modified: 06-06-2018 09:56 PM PDTLaw Library Disclaimer
We've helped more than 4 million clients find the right lawyer – for free. Present your case online in minutes. LegalMatch matches you to pre-screened lawyers in your city or county based on the specifics of your case. Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. If so, attorneys respond with an offer to represent you that includes a full attorney profile with details on their fee structure, background, and ratings by other LegalMatch users so you can decide if they're the right lawyer for you.