Sentences with phrase «proceeding against the lender»

Here are a few examples of recent cases I have handled ***: In a 2011 chapter 13 bankruptcy, I reduced the Debtors» second mortgage from $ 51,740.57 to $ 10,000.00 through an adversary proceeding against the lender.

In a 2010 chapter 11 bankruptcy, I reduced a $ 202,248.12 secured obligation to $ 15,000.00 through an adversary proceeding against the lender.

Not exact matches

You can also speak to a local attorney for free advice on how you can proceed against the erring title loan lender.

However, remember that too many inquiries into your credit will count against you, so make sure that you understand a few things before allowing a lender to proceed with your application.

FHA insures the lender against the risk that proceeds from the sale of the property may not be sufficient to pay off the mortgage balance.

If the lender's lawyer is not aware of or does not alert a lender client to the existence of this exception, and highlight the potential for a denial of coverage if the mortgage proceeds are paid to parties other than those permitted in the exception, the lender's only likely recourse will be a negligence claim against the lender's lawyer in the event the lender's title insurance claim is denied.

A collateral assignment is a legal document familiar to all lenders and in effect is a lien against the policy which guarantees insurance policy proceeds are first payable to the «assignee», in this case the lender, with the balance of proceeds going to the named beneficiary of the policy.

A federal appeals court has affirmed that a class - action lawsuit can proceed against a mortgage lender for alleged violations of the RESPA anti-kickback provisions in a case previously summarized in The Letter of the Law.