lawyer who specializes in home loans

A mortgage lawyer or mortgage attorney is a lawyer who specializes in mortgages and any issues that arise from mortgages. A mortgage lawyer is knowledgeable in all areas of mortgages and can assist clients in obtaining a mortgage or assisting with mortgage lender disputes. Purchasing a home is usually the biggest investment of a person’s lifetime.

Full Answer

What does a mortgage lawyer do?

A mortgage lawyer or mortgage attorney is a lawyer who specializes in mortgages and any issues that arise from mortgages. A mortgage lawyer is knowledgeable in all areas of mortgages and can assist clients in obtaining a mortgage or assisting with mortgage lender disputes.

Can a mortgage fraud attorney help you save your home?

Our mortgage fraud attorney can help to save your home. The Consultation is FREE! Has this happened to you? Your lender lied to you about stopping foreclosure while you were being reviewed for a modification.

Why hire a banking&finance lawyer?

You've come to the right place. Whether you are a bank, bank officer, or company that offers banking services, a banking & finance lawyer can help. Banking & Finance lawyers help with compliance matters and provide regulatory solutions to help keep your business running smoothly.

Why hire a lender liability lawyer?

Our premise is simple. We make sure banks, CMBS trusts, loan servicers, and other financial institutions treat their borrowers and customers fairly. If they fail in this simple duty, our experienced and aggressive lender liability lawyers hold them accountable for all losses resulting from their misconduct.

What Is a Home Loan?

When purchasing a home, the majority of buyers will need some form of financing for the transaction. In most cases, this takes the form of a home loan issued by a bank or other lending institution. Mortgages are the most common form of home loan arrangement.

What Are Some Legal Issues to Consider with Home Loans?

Home loans are major legal transactions that can have long lasting and far-reaching effects.

Do I Need a Lawyer for Home Loans?

Home loans are often the best way for people to become home owners. In order to avoid legal issues and legal disputes, it is highly advisable to hire a mortgage lawyer for help with home loans. Your attorney can help go over the legal documents for a home loan.

What does an attorney do when you loan money to a family member?

If you choose to loan money to a family member or friend, your attorney can write a loan agreement that is satisfactory, fair, and reasonable to you and the borrower. The agreement will also specify what you want to happen should a default occur as well as other terms.

What can an attorney do if you want to borrow money?

If you want to borrow, your attorney can review the loan agreement and point out what is not in your best interest and negotiate revisions if any are needed. If you are in default or having trouble making the payments, your attorney can renegotiate the loan terms.

Is a personal loan unsecured?

Personal loans, commonly used to buy products or pay for home projects, are not all the same, depending upon the lender and the borrower’s needs. Personal loans are unsecured, meaning that are not backed by collateral such as an automobile or other valuable property.

Why do you need an attorney for a home purchase?

Here are a few reasons you might need or want an attorney to be part of your home buying team: State or lender requirement: Every state has slightly different laws regarding real estate transactions, and some states consider certain actions that are part of the process to be “practicing law.”. These regulations are often meant to prevent real ...

What is a real estate attorney?

A real estate attorney is someone who is licensed to practice real estate law, meaning they have the knowledge and experience to advise parties involved in a real estate transaction, such as a home sale.

Who is in charge of closing a home?

In some cases, a real estate attorney is also the person who’ll be in charge of your closing. In a home purchase transaction, both the buyer and seller can hire an attorney to represent their interests during the process. Or, in the case where an attorney is overseeing a closing where the home is being purchased with a mortgage loan, ...

Is it legal to buy a home?

Buying a home isn’t just a simple purchase; it’s also a legal transfer of a property from one entity to another. Because the legal side of this transaction can be so complex, sometimes it makes sense (or is even required) for home buyers or sellers to enlist an attorney who can look out for their best interests.

Do you have to have an attorney at closing?

If your mortgage lender requires an attorney to be present at closing, whether the buyer or seller covers the cost of the closing attorney will depend on how your contract was negotiated. If you want your own attorney in addition to the one required by your lender, you’ll also pay for any services they provide you.

Transactional

We provide legal services in connection with a wide variety of transactions, ranging from simple purchases and sales of mortgage loans or servicing rights, to complex purchases and sales of entire companies.

Regulatory Compliance

Our regulatory compliance work covers the full range of legal advice in mortgage regulatory, compliance and operational matters:

Litigation & Enforcement

Our leading consumer financial services litigation lawyers have extensive experience in regulatory counseling and examinations, government investigations, enforcement proceedings, and litigation, including:

Thought Leadership

Goodwin is highly regarded as a thought leader for the financial services industry, and regularly shares industry developments though various publications such as LenderLaw Watch Blog, Consumer Finance Enforcement Watch Blog, and the Financial Services Weekly News Roundup.

What is foreclosure fraud?

We often find that foreclosure fraud occurs when lenders violate the law by creating unconscionable loan terms. Mortgage litigation empowers the homeowner to take the lender to court. The homeowner can no longer be ignored or strung along until the lender decides to foreclose.

What happens if you fall behind on your mortgage payments?

You fell behind on mortgage payments and your lender is giving you misleading information about your options to save your home. You have applied for a loan modification and your lender is sending you foreclosure notices at the same time. Your lender lied to you about stopping foreclosure while you were being reviewed for a modification.