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California Predatory Lending Attorney |
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California Predatory Lending Attorneys
Predatory lending
Over the last several years communities and people all over California have lost their homes and their investments do to predatory lenders, unscrupulous loan brokers, appraisers and others who, amount other things:
Inflated the value of the subject real estate Encouraged or borrowers to lie about their net worth or their assetsFalsified information on the loan documents Lent more money than they knew the borrowers could reasonably pay back Put borrowers in high interest loan programs when other programs were available Charged inappropriate fees for certain services and created fees for non existent services Pressured consumers to accept risky loans such as loans with balloon payments, early payment penalties, interest only payments or negative amortization loans Targeted consumers for inappropriate refinancing
Sucked equity out of consumers homes by telling them to repeatedly refinance Use high pressure tactics to sell consumers home improvement loans Changed the costs of the loans or the loan program just before the closing or even after the first closing. Told the consumer a refinancing could save them from their financial problems Had borrowers sign blank documents Falsified information regarding loan cancellation Conspired with others to have the borrower pay too much for a home
Targeted neighborhoods and groups for high pressure sales tactics.
If you think you may have been the victim of predatory lending contact us.
We have a range of legal options which you can pursue.
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Last Updated ( Sunday, 25 May 2008 )
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Predatory Lending