Sue Your Lender: Dean Graziosi Teaches You How to Deal with Predator

Loans

Nowadays, so many people are deceived by their lenders. There are various ways how this mishap

happens. In most of the cases, borrower ends at the gate of the court. Dean believes that it is quite hard to

find out whether your lender is the person who genuinely helps you or he is making a deceiving plan for

you. In most cases, it is almost impossible to find out whether you have a true lender or a deceiver.

However, the doors for legal help are always open.

Dean Graziosi suggests borrowers that they must cross check some facts whether they can sue their

lender. Dean Graziosi is a realtor with par excellence. He has been working in the field of real estate for

more than twenty years. In such a long period, he has faced so many ups and downs. He has written

books. His books are New York Times bestsellers that define his struggle and success journey.

He has also designed course that helps real estate aspirants to understand hidden tricks of real estate.

Dean has been supporting a number of charity causes.

You Can Sue Your Lender If:

According to Dean, you can sue your lender but must make sure that you are actually making a fair call.

Your broker has shown your income wrong

The broker hid the fees

They didn’t give you copy of the good-faith estimate

You didn't get an accurate HUD-1 statement

After signing the deal, they didn't give you copy of notice of recession (this notice explains your

rights of canceling the refi within three days)

They give you a loan less than you qualify

They give you loan more than you can qualify

They deceived you in any way

How to Play Safe:

It is very necessary that you must take precautions before facing such extreme situation. Always get

everything in writing. Most of the problems arise when the agent comes at your home to sign the papers.

He will tell you to sign on the papers, whereas he will get your copy in a few days. These few days never

pass. On the other hand, it is also contrary to the law. Every borrower must get a copy of refi, good-faith

estimate and HUD-1 statements right at the time of signing the agreement.

Remember the first document to judge whether your lender has deceived you is your HUD statement. If

you do not have the copy, how are you going to estimate the deal? Your HUD statement is usually a two

page document that contains all of the information on money. It contains information on how much

money you got, how much money went to the broker and what are extra charges. It explains clearly, why

your HUD statements are such a crucial document. Another easy to way is to compare your good-faith

estimate and HUD statement. According to Dean Graziosi, if there are differences between both the

documents, then you must dig the matter deeper. If the situations are too serious, you can always ask for

help from state and law.

Where to go for Legal Help:

Sometimes the trouble is so serious that you must get legal help, following are given some sources where

you can go in case of serious mortgage trouble.

Website of Americans for Fair Lend

Neighborhood of Assistance Corporation of America

Consumer Rescue Fund of National Community Reinvestment Coalition

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