Florida Foreclosure Defense Attorneys
What is Predatory Lending?
Predatory lending is a term used to describe certain dishonest practices by mortgage lenders done in order to defraud and deceive borrowers. Throughout Florida and the rest of the U.S. a multitude of borrowers have fallen victim to predatory lending practices as well as unethical practices by appraisers, mortgage brokers and contractors. Some examples of types of predatory lending may include the following:
- Omitting mortgage terms that were orally agreed upon
- Substituting a different type of mortgage at the last minute
- Nondisclosure of certain changes in an agreement or in the terms of a mortgage loan
- Selling property for more than it is actually worth through an inflated appraisal
- Encouraging borrowers to lie or exaggerate income and assets
- Knowingly and intentionally assisting borrowers in obtaining loans that they cannot afford
- Charging unnecessary fees for services that were not actually rendered
- Using high pressure sales tactics to pressure homeowners to accept certain terms or conditions that are not right for them
- Targeting borrowers for high-interest refinances in order to get cash out
Predatory Lending Lawyers in Florida
Were you pressured into accepting a mortgage that you didn’t fully understand? Did a lender pressure you into signing a blank document or one that may have had false information on it? You may now be in a situation where you are facing foreclosure or delinquent mortgage payments because you were the victim of predatory lending.
You need a skilled lawyer on your side to protect your rights and interests in this situation. You need a lawyer who has the specific experience and knowledge of predatory lending and who has helped others in similar situations to recover and face a brighter financial future. Predatory lending is illegal and should not be tolerated. You may be able to fight foreclosure proceedings and turn your situation around.
Florida Foreclosure Attorney
Consulting a Florida foreclosure defense attorney at Carman Law Firm, PA may be your best option so you have a chance of fighting back against predatory lending and avoiding foreclosure. Our lawyers will take the time to review your particular situation and help you reach a conclusion or plan that is the best for your future.
Contact Carman Law Firm, PA today to find out more about predatory lending and how a Florida foreclosure defense lawyer can help you. |