Real Estate Litigation
POTENTIAL CAUSES OF ACTION Predatory Mortgage Litigation
Olympia Law Group also extends its service of helping homeowners in distress nationwide through its Of Counsel attorneys. Olympia Law Group has Of Counsel attorneys in multiple states who assist homeowners who are seeking viable and permanent solutions to their hardship and mortgage problems by providing legal consultation, review of mortgage situation, analysis of mortgage and financial information and a lot more. Predatory mortgage lending, according to the office of inspector general of the FDIC, is “imposing unfair and abusive loan terms on borrowers.” This has led the Consumer Financial Protection Bureau (“CFPB”), the federal governmental agency responsible for protecting consumers from improper conduct by banks, to establish strong protections for homeowners who are facing foreclosure. Regulations X and Z, also known as the “Dual Tracking Prohibition,” were established to assure that homeowners are treated fairly. These federal regulations of the CFPB require the lender to provide alternatives to foreclosure, and do not allow foreclosures under certain circumstances, assuring that the homeowner must be treated fairly. Olympia Law files lawsuits on behalf of plaintiff homeowner(s) in State or Federal Court. We file actions on an individual basis.