Mortgage Fraud As individuals look to buy their first home, or a subsequent home, they have to rely on mortgage companies and financial institutions to fulfill their responsibilities. Mortgage companies are supposed to work on your behalf - and the majority of them do. Unfortunately some prefer to take care of their own interests, typically at your expense. Doing so is not only unethical - it's against the law. From excessive fees to referring homeowners to high priced affiliates, these unscrupulous lenders have placed heavy burdens on thousands of unknowing homeowners. Perhaps, even you. Recently, the federal government's General Accountability Office issued a Report to Congress voicing significant concern about real estate brokers' and agents' abusive practices steering their clients' title insurance and closing business to high-priced title companies in exchange for secret incentive payments. With regard to this type of activity, the Commissioner of the Minnesota Department of Commerce has confirmed: Minnesota consumers are paying too much for title insurance in order to support these illegal kickbacks, and most of the time they don't even know its happening. Due to the inherent complexity of mortgage documents and laws, it takes an experienced attorney well-versed in mortgage and real estate law to decipher the legitimate from the illegal. That's where we can help. Simply let us review your mortgage documents, in particular the HUD-1 Statement, and we'll handle the rest n while keeping your personal data secure and confidential. Our mortgage attorneys will pour over the paperwork line by line, cross checking every fee to make sure everything was on the up and up. If it's not, we'll assist you in pursuing damages for a recovery. Daily headlines confirm the destructive effects that predatory practices have had on homeowners, who far too often, are left holding the bag for their agent's fraud. There are enough challenges that come with buying a home. Being overcharged and exploited by your realtor or lender shouldn't be one of them. Don't let the mortgage companies get away with your money. Zimmerman Reed has a long track record of helping return hundreds of thousands of dollars to homeowners. We currently represent homeowners across the country who have dealt with financial loss due to these illegal mortgage practices. If you are interested in learning whether you may have been overcharged, we would like to talk to you. Call us toll-free at (800) 493.2827. Read more about our cases and who we represent: |
