Predatory Lending Practices

With luck, you're aware of the predatory lending practices of mortgage brokers. These unscrupulous people seek to put consumers into incredible debt and strip equity out of your property. One common predatory lending technique is the refinancing of an existing loan. You probably see the ads everywhere, with rates that sound far too good to be true.

Known as "loan flipping," excessive refinancing is often suggested by predatory lenders so they can profit from repeated closing costs, points, prepayment penalties, and high origination fees. The borrower, on the other hand, rarely receives a benefit. Some duped homeowners even find out too late that their new loan payments work out to be more than their original loan payments.

Are you a victim of Predatory Lending Practices or Mortgage Fraud?

 

Is your Bank or Mortgage Lender trying to Foreclose?

 

Are you unable to Refinance your Mortgage?

 

You may be a victim of Predatory Lending Practices...

 

90% of mortgage loans closed in the last 10 years have an average of 31 Truth in Lending Act violations.

 

If you are a victim  of predatory lending practices, where “TITLE” violations are involved, there is a very strong and real possibility that the homeowner could receive a clear title re-conveyed into their hands.

 

Find out more about how your Bank may have violated the Truth in Lending Act and violations that may be in your in your closing documents...

If you suspect you're a victim of predatory lending practices, the Bank Fraud Victim Center can help. Our financial experts specialize in consulting and educating consumers on their rights regarding mortgage loans and bank fraud. Fill out our free preliminary consultation form below. Or simply call us at 401-349-4717 or email us at bankfraud@cox.net

We're here to help you steer clear of the many predators who roam the financial world.

website: http://mortgage-home-loan-bank-fraud.com

 

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