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Since you're reading this, you're more than likely either a predatory lending victim, a member of the media, or someone from the mortgage lending industry (or one of their attorneys).
How do you know if you've gotta potential case against the company who originated your mortgage or is currently collecting your monthly payments? Simple!
Here are the Top 6 Red Flags that indicate you may have a predatory lending case.
If your...
- …loan was an Adjustable Rate Mortgage (ARM)
- …monthly loan payment has increased more than $200 in the past year
- …monthly payment will increase by more than $200 in the next six months, or
- …loan has a pre-payment penalty longer than three years…
- …home was appraised for a higher value than homes are selling for in your
neighborhood…
- …realtor steered you to a specific mortgage company
…then you may have a case against:
- Your loan originator (including the broker and actual funding mortgage company)
- The title company who closed the loan and
- The appraiser
- The loan servicer (the company you send your payments to)
- Some of the above
- All of the above
Are You A Predatory Lending Victim? Fight Back!
Click here to learn about your options.
Still Not Sure? Need More Information?
Click here for 9 FAQs about predatory lending.
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