Can You Sue For Fraud When It Comes To A Hard Money Lender And What Are The Odds Of Success?
Some say that America is a very litigious country. They say that any little thing that goes wrong and we run crying to the courthouse wanting a judge to do something to fix it. Some people may see it that way, but others realize that in reality there are certain things that do require a judge and jury to get involved with if we hope to have justice and order in society. One of the areas that we might want to look for this is when a hard money lender has done something that seems sketchy at least on the surface of things.

Hard Money Lenders Sometimes Commit Fraud

It is a statement of fact to say that sometimes hard money lenders commit fraud. They may not have exactly gone into business specifically to take advantage of their customers in this way, but it does happen. They sometimes get too greedy for their own good and thus fly in the face of the laws of this nation in order to try to squeeze already desperate customers for at least a few more dollars of their money.

To say that this is a sad state of affairs is an understatement. The only thing that you may be able to take solace in is the fact that you can do something about this kind of fraud if it happens to you. You can call up an experienced attorney and get them to work on your case for you to try to restore some order to everything that has happened. Believe it or not, there are a number of attorneys who work on this area of the law that are more than happy to be a listening ear for you as you explain your case to them.

Can You Actually Win?

Why would you go through all of the trouble of getting an attorney to sue a Los Angeles hard money lender if there was no chance at all that you were going to win your case? That is the question that so many people have been asking themselves when it comes to this area of the law. They have to stop and wonder if it is even really worth it if they have little to no chance to win the case in the first place.

It is very difficult to say what the odds are that any individual case will be won. The best that you can do is trust the advice that your attorney can provide to you on where you stand with the case. He or she is not likely to take up the case at all if it doesn’t seem to them that you at least have some reasonable chance of winning at trial or in a settlement. Thus, you should take heart in the fact that you have been able to obtain an attorney at all if you do in fact get one.

In terms of the damages that you could be looking at potentially winning, you might see up to double the amount of money that was taken from you as a result of finance charges and the like. This is done as a punitive measure against the lenders who would use bad practices to try to steal away some of your money from you. If you have the ability to win back double what they took from you, then hopefully this will discourage them from taking from you in the first place. That is the idea behind the law anyway. Make sure you use it to your advantage if you are ever in a situation where a hard money lender has defrauded you.