Housing Discrimination Lawsuit Loans Help Plaintiffs
Housing discrimination lawsuits result from discrimination based upon race, color, national origin, religion, sex, familial status and/or disability. Housing discrimination lawsuit loans help plaintiffs meet their financial needs while the lawsuit is litigated.
Housing Discrimination Under the Law
The Fair Housing Act protects individuals from discrimination when they are trying to rent or purchase a home. The Act also applies to pursuing mortgage financing, housing assistance and other real estate related services. The provisions cover most housing related situations and prohibits certain activities if they are based upon race, color, creed, etc. Some of these activities include:
- Refusing to rent or sell.
- Setting different terms, conditions or privileges for sale or rental of a residence.
- Publishing any notice, statement or advertisement with respect to the sale or rental which indicates a preference, limitation or discrimination to a protected class.
- Imposing different sales prices or rental payments.
- Evicting a tenant or a tenant’s guest.
- Failing or delaying performance of maintenance or repairs.
- Assigning a person to a particular section of a building or neighborhood.
- Persuading homeowners to sell their homes because people of a particular protected characteristic are moving into the neighborhood.
- and others . . .
If a plaintiff proves the case, the defendant can be forced to rent the dwelling or even pay actual and punitive damages. The defendant can also be made responsible for plaintiff’s attorney’s fees.
Like most civil lawsuits, resolution takes time. Plaintiffs can expect many months to elapse between filing of the lawsuit and ultimate recovery. Regardless, some housing discrimination plaintiffs, particularly those who encounter financial strain for whatever reason, are forced to accept less than fair settlement offers. Housing discrimination plaintiffs who need financial support can consider housing discrimination lawsuit loans as a possible solution.
Also known as pre-settlement loans or housing discrimination lawsuit funding, settlement loans provide immediate cash now in exchange for a portion of the future proceeds of the case.
What are Housing Discrimination Lawsuit Loans?
Essentially, a housing discrimination lawsuit loan is a contract between a “funder” and plaintiff where the plaintiff sells a portion of the future settlement ahead of time. If the plaintiff wins the case, the money is repaid with “use fees” added to the amount received.
Housing discrimination lawsuit loans are unique financial transactions because (unlike traditional loans) the money is repaid only if the case is successful. As such, a lawsuit loan is deemed non-recourse funding. That means the sole source of repayment must be the lawsuit itself. Because of this, no credit checks are conducted and traditional financing inquiries such as assets and employment status are irrelevant.
If You Have Any Questions, Call 888-964-2224
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How To Qualify for Housing Discrimination Lawsuit Loans
If you have a housing discrimination case and have an attorney representing you on a contingency fee basis, you are eligible to apply for a housing discrimination lawsuit loan free of charge.
When you apply for housing discrimination lawsuit loans, the lender contacts your attorney and compiles relevant documents. These are needed to evaluate the case. Once reviewed, an underwriter will contact your attorney to discuss the file.
When you are approved, we send you a contract for your signature. When we receive the contract, we wire you funds via electronic bank transfer or send them via overnight mail. It’s that simple!
Does My Attorney Have to Cooperate?
Cooperation with your attorney is required to make the process work. He/she normally provides the relevant paperwork and also has to acknowledge the contract and agree to repay the advance at the time of settlement.
To apply for a housing discrimination lawsuit loan, you can Apply Now call us at 888-964-2224. You will then speak to a representative who will discuss your funding options with you. We take it from there and you can sit back and let us do our thing – getting you the money you need, now!
Contact us today to see if we can help.