Homeowners Receiving Multimillion-Dollar Awards, Attacking Banks Using the Loan Contract
When asked how the mechanism works, Bradford explained: "It's very simple; appraisal fraud, other tortious conduct, contract breaches, errors, setoffs, statutory/regulatory violations, etc., underlie over 90% of mortgage transactions. These abuses give homeowners leverage to beat the banks. When we examine mortgage transactions (contract) and find misconduct, our clients use our analysis to draft and send a contractually mandated 'grievance letter' to the Servicer, which mandates they take 'corrective action.' Since the damage has already been done, the only "corrective...
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