There is no better bedside reading than thumbing through page after page of your mortgage contract—said no one ever. That is because mortgage contracts seem written to cloud, confuse and mislead. Language in the contracts is vague, and many sentences are not even sentences. As long as you have your house and everything is going well, you may think mortgage grammar fraud does not matter, but it does.
Honesty and Trust
Businesses, including mortgage companies, have a responsibility to deal ethically and transparently with customers. They need to be held accountable for failures, or their dishonest practices will simply become more prevalent. The world needs fewer predatory lenders, not more. When a situation gets bad—for example, when you are late on payments—grammar fraud can really hurt you. You could be hit with unfair amounts of fines and fees because intentionally vague phrases in your mortgage contract. Appraisers and settlement agents can be dishonest, too.
What to Do
If you believe you are a victim of mortgage grammar fraud, get in touch with a company that specializes in contract grammar. These companies review your mortgage agreement for false and misleading language. After fraud is exposed, you may be entitled to damages and awards through federal whistleblower cases. If you are late on payments or in trouble somehow with your mortgage company, such companies can help you receive fair treatment and an even playing field. However, contract grammar companies are not law firms. You still need to directly work with your lender to discuss mortgage modification or programs to help you avoid foreclosure.
How to Choose a Contract Grammar Specialist
Seek out a company that explains concisely and clearly what it does and that uses language that is the opposite of that in your mortgage contract. Check that the company does free, no-obligation reviews. Ask about service guarantees and the whistleblower programs you may qualify for in cases of mortgage grammar fraud.
Understanding your mortgage contract is important. You need to know your rights and responsibilities, and one way to keep mortgage companies accountable is to work with grammar fraud specialists.