National Mortgage Settlement Disputes

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What Is the National Mortgage Settlement?

The National Mortgage Settlement was proclaimed in the year 2012. It arose in the response to the mortgage and housing crisis. Under the Settlement terms, five major mortgage lender companies agreed to pay $25 billion in order to prevent disputes involving foreclosure and mortgage issues.

The Settlement is also referred to as the "$25 Billion National Mortgage Settlement". In order to qualify for dispersions, the claimant must meet many qualifications. The qualifications are complex and involve many factors including:

A real estate or tax attorney is generally required when applying for the Settlement.

What Are Some Examples of National Mortgage Settlement Disputes?

Naturally, the Settlement has led to a number of mortgage settlement scams and disputes. Some disputes and scams include:

Thus, you should never divulge any personal information to persons or parties that you are suspicious of. You should always check credentials when dealing with agencies that claim to provide assistance or services in relation to the Mortgage Settlement. Violations of real estate laws can lead to a lawsuit and may result in criminal charges as well for the violating party.

Do I Need a Lawyer for Help with the National Mortgage Settlement?

The National Mortgage Settlement has resulted in an area of the market that is filled with potentially damaging scams and disputes. You may wish to hire a qualified real estate lawyer if you feel that you have been affected by fraud. Your attorney can help examine your case and can represent you in court if you need to file a claim for damages.

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Last Modified: 06-17-2014 04:09 PM PDT

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