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Can I sue a mortgage company that issued a pre-approval

Customer Question
Can I sue a...

Can I sue a mortgage company that issued a pre-approval letter based on income & credit, then denied the loan ?

Lawyer's Assistant: Because laws vary from place to place, can you tell me what state this is in?

Michigan

Lawyer's Assistant: Has anything been filed or reported?

Idk they just called me & told me. I sent them all the info they requested & then waited a week to make sure it was ok to make an offer. they said congrats on finding your home & yes. I then made an offer through our realator & we signed a purchase agreement with seller's. I immeadiatly contacted Quicken & told them our offer was accepted & was again told congratulations, only then did we get excited & tell our children as well as family that we were moving back to our hometown.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I'm a 1099 employee & they are claiming that I am not eligible for a home loan until 2 full years of tax returns are filed on the buissiness.

Submitted: 7 months ago.Category: Legal
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Answered in 12 minutes by:
12/12/2017
Lawyer: INFOLAWYER, Attorney replied 7 months ago
INFOLAWYER
INFOLAWYER, Attorney
Category: Legal
Satisfied Customers: 62,870
Experience: Licensed attorney helping individuals and businesses
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Where lender misled you and you suffered a loss relying on that letter you can proceed.You want to prepare your case by creating a time line starting from the earliest event. For each event, write down key details and witnesses and if there is a document that relates to it, save it and refer to it. This timeline can be very valuable in narrating your case and presenting it later in a concrete and specific way.A lawyer letter from a local lawyer can be effective in several ways. It can avoid costly litigation and help bring about a settlement. It also helps organize the claim and if it goes to court shows the judge you tried in good faith to resolve it!By being prepared and pressing your claim, the other side should feel the pressure and consider the risk of losing and legal fees. That realization can help bring about a settlement!Please let me know if the reply is acceptable by responding “yes” or “acceptable”
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Lawyer: INFOLAWYER, Attorney replied 7 months ago
Thanks. Please select the 5 star (*****) rating on your page for the answer. Happy Holidays!
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Lawyer: INFOLAWYER, Attorney replied 7 months ago
Please do not forget to leave positive feedback by clicking on the 5 stars at the top of your page, as experts are not employees of the site and do not get any credit for spending time with customers unless they leave positive feedback. Thank you.
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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