Real Estate Law
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My name is***** have over 16 years experience in the law. Should you like to chat on the phone I am happy to for a nominal cost. Let me know at any time during our question and answer session if you are interested I am happy to give you more details.I am sorry for this dilemma...was there not an appraisal done at the time of the loan?
THank youSo is there evidence that the home was overvalued?
You have an uphill battle to try and sue the lender. You would have to prove the lender was aware the home was worth more than the loan value. You would have the burden to prove this...so unless there was some documentation that the lender knew the home was not worth the loan value it would not be possible to sue and win
Please let me know if you have more questions. I am happy to help if I can. Otherwise, please rate the answer so I may get credit for my work.