There have been many people around the United States who have found themselves in the midst of a financial disaster. During this time, money is tight, debt is piling up and they are at risk of losing their property. Should anyone be experiencing difficulty paying their mortgage and be facing foreclosure, there are actually several options as to how they can keep from losing their home, including proving that their lender has violated the Fair Lending Act.
When trying to determine if your lender has violated the Fair Lending Act, you can examine the following:
- What are the terms and conditions of the loan?
- Have they refused to make a payment for your mortgage?
- Have they refused to provide information regarding your loan?
- Set forth different terms and conditions for the purchase of a loan?
People may not realize when their lender has violated the Fair Lending Act, but that doesn’t mean it won’t become clear. When people have uncovered that they have been discriminated against and treated differently from others working with their lender, it is important for them to take action. Even if they only suspect that something is amiss, they should not wait to speak to someone about the issue, especially if it will ensure they won’t lose their home.
The thought of losing your home can be a scary one and cause you a lot of stress. You may feel helpless and unsure of what to do in order to keep from losing your home, but you do have options available to you. With the help of a knowledgeable attorney, there is a chance that you can put a stop to the foreclosure process and keep your home.