Have Experience on Your Side When Filing Liability Claims
Under the main umbrella of lender liability, lenders are required to treat borrowers fairly. Today, it's not only borrowers who are filing suit against lenders. Regulators are also under increasing pressure to make sure there is a level playing field in the market. Additionally, financial guarantors and even bankruptcy trustees are intervening to protect borrowers. Our attorneys examine some of the common reasons for liability claims below.
Breach of Contract
A mortgage agreement, although sophisticated, is still a contract. Just like a will or trust, the contract's terms are enforceable, primary of which is the damage clause. Borrowers may ask for the costs associated with loans, lost profits, and perhaps even losses associated with missed opportunities.