- 6 of the Real Estate Settlement Procedures Act provides certain homeowners rights against certain mortgage-loan servicers. If there is an issue with loan servicing, § 6 of the Real Estate Settlement Procedures Act may provide recourse. Pursuant to § 6 of the RESPA, certain action however must proactive be taken. Namely,
- Qualified Written Request: The aggrieved homeowner must sent a qualified written request (“QWR”) to the loan servicer.
- Failure to Comply: The loan servicer must fail to reply to the (“QWR”) within certain periods of time.
If you believe you are an aggrieved homeowner, speak with us and let’s discuss your options.
Real Estate Settlement Procedure Act Overview 2