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Yes, but unless the plaintiff has unlimited financial and legal resources it could prove to very difficult to prevail. Rather than a personal lawsuit against a lending institution the person might wish to consider the possibility of a class action suit and enlisting the assistance of the state and/or federal banking regulators.
http://www.sec.gov
Although as the situation gets worse many judges are not letting the lenders, brokers and others get away with business as usual. Many home owners are filing suit. According to http://www.mortgagelawyergroup.com the initial stage of the litigation generally involves a $5,000 fee an the monthly fees generally are $1,500.
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Can a private citizen sue for lending you money?
No, you can not sue somebody for lending you money. You can sue somebody if you have lent them money and they failed to pay it back.
Can you sue a bank for professional malpractice?
No, but you might be able to sue a banker.
Will the bank sue you if you foreclose on your home loan?
Yes, the bank will sue you if you default on your home loan and place your house in foreclosure.
Can a payday lender sue?
Check your state laws. The attorney generals office should be able to give you information. Some states have made payday lending illegal. If your state allows payday lending, then they may be able to sue you in court for default, but they cannot threaten you.
If a persons owes on a truck and dies leaving no estate can the bank sue?
The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.
What has the author Mary Sue Lytle Yett written?
Mary Sue Lytle Yett has written: 'Lytle family history' -- subject(s): Genealogy, Lending library
Can foreign bank sue in US?
yes
Can a bank sue for forgery or does it have to be person who has the checking account?
In order to sue someone, you have to have what is called "standing". Generally speaking, this means that you have to have suffered some harm. If the bank lost money as a result of the forgery, then they could sue.
Can you sue someone on a joint bank account?
yes you can
Is a foreign bank able to sue a non-citizen who borrowed money while in the country but left the country without paying the loan back?
Yes, but, they will have trouble collecting on the judgment. Under the lending laws of most countries, a financial institution may always sue someone to collect monies owed if that borrower has elected not to pay, regardless of the reason for non-payment. Collection, however, will be difficult for the foreign bank if the individual is no longer resident in the country as the remedies available to that bank are not usually valid in other countries. The foreign bank will be more likely to sue and pursue collection if: * The amount of the loan is high, generally greater than $10,000 * The foreign bank has operations in multiple countries * The foreign bank finds a buyer for the debt in the country where the borrower is now resident (sells the debt to a bank that can collect) * If the borrower is a government employee
Can you sue after your home is taken by the bank?
The answer is, yes, you can sue anyone for any reason. However, if you default on your home loan the bank forecloses, you will probably not win as long as the bank followed all the laws for wherever you are located.
Can you sue banks?
Yes. If the bank does something that is not correct you can always sue the bank. For ex: if a bank charges you a fee for not maintaining your minimum balance even though you have sufficient balance in your account, you can raise a complaint with the bank to reverse the fee. If they fail to do so, you can sue them legally because what they did was wrong and you had enough balance in your account and they should have never charged you that fee.
