Wrongful Foreclosure - How Borrowers Can Recover Damages Caused By Bank Foreclosure

Unfortunately, http://www.nitttrc.edu.in/mediawiki/index.php/Why_You_Should_Hire_An_Attorney_To_Stop_Foreclosure a small number of mortgage companies and banks are blatantly breaking the law by illegally engaging in wrongful foreclosure. In some unfortunate cases real estate owners have lost their homes to this practice. But, with an appropriate law firm behind you, a wrongful foreclosure lawsuit can certainly be filed. This should not be viewed as a hit-or-miss prospect however, as if done correctly it could result in the banks being held accountable and correcting their ways, which is exactly what every homeowner wants.



In Florida, when homeowners in default face foreclosure, they must first appear at a hearing conducted by the courts before a judge can rule on the matter. If found in the negative, borrowers then are entitled to a preliminary injunction hearing to determine if they have a chance of prevailing in their claims for financial compensation for injuries, lost wages, and other damages caused by the bank's wrongful foreclosure activities. If the preliminary injunction is found in favor of the borrowers, then the case moves into a judge-decided courtroom. Thereafter, the court ordered the lender to pay the damages caused by the foreclosure, along with interest and attorney fees.



The lender now has an obligation to make good on its end of the deal. With that being said, the lender cannot deny the claims that have been made. It is recommended that borrowers seek counsel from an expert wrongful foreclosure attorney who has experience in dealing with these cases. These experts are able to assess the strength of each side's claims based on the evidence discovered during discovery. With that evidence, they are better able to assist borrowers in receiving the most favorable outcome possible.