Complex Mortgage Litigation & Loss Mitigation
Today, residential and commercial mortgage fraud is a pervasive problem — one that can affect the financial solvency of any lender even a decade after its mortgage loans are sold on the secondary market. Today, this issue affects a broad range of companies and individuals. The mortgage fraud attorneys of Dressler | Peters litigate such cases in state and federal courts across the nation.
Whether defending lenders under TILA, RESPA or various FHA programs, or prosecuting claims against third parties, the lawyers of Dressler | Peters efficiently represent mortgage lenders and mitigate lender losses and liability.
Mortgage fraud and deceit comes in a variety of forms, from equity skimming to inflated appraisals and silent seconds and other forms of creative malfeasance. Most often our client lenders are required to repurchase loans sold to investors such as Fannie Mae and Freddie Mac on account of latent deficiencies found in loan applications and appraisals. Our lawyers work to limit a lender’s exposure by vigorously pursuing every avenue of recovery, including mortgage loan broker agreements, appraisal errors & omission insurance, closing protection letters, fidelity bonds, commercial crime bonds, title insurance and professional malpractice insurance. Our attorneys are knowledgeable and skilled at uncovering and litigating such transactions, even those which occurred five, seven and even ten years earlier.
Mortgage fraud sometimes involves multiple proceedings and complex insurance issues. Many times, when one or more defendants file bankruptcy, the real estate properties are located in different counties or states and there may be insurance issues involving policies written by overseas insurers. The lawyers of Dressler | Peters are uniquely qualified to handle mortgage fraud cases due to their considerable experience dealing with real estate, bankruptcy, insurance and fraud issues in multiple jurisdictions.