“I will highly recommend Mr. Boris Davidovskiy. He had provided excellent service in Real estate and banking issues. Always easy to reach; quick response to all my emails and calls; his professional skill
Mountlake Terrace WA Consumer Attorney
If you have been mistreated by a bank or third-party mortgage servicer, you don’t have to accept it. You can consult an attorney in Mountlake Terrace to fight this injustice.
What is a Mortgage Servicer?
A mortgage servicer is a company to which you may currently be making your mortgage payments. This entity may be the original lender that gave you the mortgage in the first place. However, it may be a third party that purchased the mortgage servicing rights – in this case, the rights to enforce and collect payment on the mortgage – from your original lender.
This third-party lender may not have been completely honest and transparent in their dealings with you. They may suddenly begin demanding high rates of interest or even threaten to begin foreclosure proceedings. If this is the case, you need to take legal action to assert your rights.
How Can a Mountlake Terrace WA Consumer Attorney Help You?
Before the foreclosure crisis that began in 2007, federal regulation of mortgage servicers was limited to a few areas covered by the Real Estate Settlement Procedures Act (“RESPA”), primarily the handling of escrow accounts, borrowers’ qualified written requests for information, and transfer of servicing notices. State regulation was also limited. Today, in the wake of the foreclosure crisis, mortgage servicers are more highly regulated than they were before. New regulations apply to a wider range of servicer activities, including loss mitigation reviews, application of borrower payments, monthly account statements, and force-placed insurance.
Common mortgage servicing problems that can occur during the life of a loan include the misapplication of payments; escrow accounts errors; the improper assessment of fees; and the failure to consider loss mitigation alternatives.
Consumer rights in this area including federal mortgage serving law under the Real Estate Settlement Procedures Act (“RESPA”); mortgage servicing requirements and potential claims under other federal laws such as the Truth in Lending Act (“TILA”) and the Fair Debt Collection Practices Act (“FDCPA”); and state mortgage servicing laws and available state law causes of action, which include claims under state unfair and deceptive acts and practices statutes, contract claims, and tort liability.
If you believe that you have been treated unfairly by the company that stepped in as your mortgage servicer, you have rights. You can consult with a claim Mountlake Terrace WA consumer litigation attorney to fight for your rights.
Contact the Law Office of Boris Davidovskiy Today
Your best bet is to contact the Law Office of Boris Davidovskiy to arrange for an initial consultation. This is the time during which we will go over the details of your case to determine if you have any claim against your mortgage servicer. Call us today to learn more about what we may be able to help you get the justice you deserve.