Sentences with phrase «lender files suit»
If a lender files suit on such a loan, the defendant can respond with a motion to dismiss, on the grounds that he signed an illegal contract.
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The first is a judicial foreclosure, which involves the mortgage lender filing suit with the judicial system.
Lenders aren't allowed to initiate criminal action in Texas, but there have been cases of lenders filing these suits against borrowers.
Not exact matches
New Mexico's attorney general cracked down, filing suits against two lenders, charging in court documents that their long - term products were «unconscionable.»
With stays in place, Oyster Bay can neither press its position in a state civil suit it filed against Mei, Singh and others — or defend itself in three other civil actions filed against the town by lenders.
When a borrower is in default the loan becomes due in full immediately and the lender may pursue more aggressive collection techniques, such as sending the account to a collection agency or filing suit against the borrower.
Class - action suits have been filed against mortgage lenders in Kentucky and California who foreclosed upon homeowners who claim they made mortgage payments after having home loans modified.
New York has even filed suit, alleging that lenders, including television advertiser Western Skies, were charging consumers ten times what New York State law allows.
Ten lenders, including Bank of America, filed suit on the property claiming $ 160 million in unpaid loans, interest and legal fees.
The petition was filed in response to class action suits against lenders around the country on behalf of consumers who allege that yield - spread premiums are improper and a violation of RESPA.