Should the homeowners sue?

It is now official the law office of Mainor Eglet Cottle trial lawyers are preparing several lawsuits against Realtors®, lenders and appraisers.  To quote Mr. Cottle " a triangle of professionals, every one of whom failed consumers most of the time."  Mr. Cottle said he will prove that agents, lenders, and mortgage brokers failed their fiduciary duty to explain all buying and borrowing options.  He contends that the home buyers should have been given professional  recommendations in their best interest.  Again to quote Mr. Cottle "instead agents and brokers focused on commissions and corporate bounuses and put buyers into adjustable rate mortgages that adjusted upward."

Here is the link for full article Las Vegas Review Journal

States also filing lawsuits include, Arizona, California, Ohio, Maryland and New Mexico.  These states are also claiming professional lapses could cost hundreds of thousands of homeowners to lose their property.

I can not speak for lenders, appraisers , or even other Realtors®.  I can only speak for myself and I work with a lot of buyers.  If asked about a lender I give out several cards of lenders I have worked with before.  The buyers choose their lender all on their own and the only time I get involved is to see how the loan is coming along.  I am not a lender and I would never presume to give advice on a loan.  Are there greedy and predatory lenders out there?  You bet.  Are there greedy and unethical Realtors® out there?  You bet, but for the most part they are just hard working professionals helping the american public realize the american dream of home ownership.