A borrower sued a foreclosure consultant for violating the mortgage foreclosure consultant law. the borrower may receive actual

Question

LenKa [72]

9 months ago

8

A borrower sued a foreclosure consultant for violating the mortgage foreclosure consultant law. the borrower may receive actual

damages, legal fees, and, in severe cases ______.

Business

1 answer:

lesya692 [45] · Answer 1 · 2024-02-16T11:19:10+03:00

The borrower may be awarded real losses, legal expenses, and, in extreme situations, the credit may be extended.

<h3>What is foreclosure consultant?</h3>

A person who stops the sale of foreclosure is called as foreclosure consultant. He, directly or indirectly, makes a solicitation, representation, or offer to an owner to perform for the act of foreclosure.

A borrower filed a lawsuit against a foreclosure consultant for breaking the mortgage foreclosure consultant legislation. The borrower may be awarded actual damages, legal charges, and credit may be extended in exceptional cases.

Therefore, it can be concluded that credit expansion can be done in some of the cases for violating the mortgage.

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