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Since 1995, The Law Offices of David
I. Pankin has been protecting the
legal rights of consumers. As part
of our consumer protection practice,
we represent victims of predatory
lending. Many of these victims have
been defrauded by mortgage lenders
and brokers, placed in mortgage
loans that they can not afford, paid
excessive fees and closing costs,
and never received proper
disclosures regarding the terms of
their loan. Unfortunately, many of
our clients even faced foreclosure
as a result of the predatory lending
tactics of the mortgage lender or
broker involved in the transaction.
Predatory lending is a term that is
commonly used to describe the
unconscionable lending practices of
a mortgage lender or broker.
Typically as a result of predatory
lending a borrower is placed into an
unfair loan with abusive lending
terms.
If you feel you are a victim of
predatory lending, please contact
our office by either filling out our
secure online application or call us
Toll Free
(888) Law 9600
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Predatory Lending |
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How we can
help
Predatory Lending
As
a consumer, you have right’s under federal law pursuant to
Truth and Lending Act,
which may
entitle you to monetary damages and possibly the right to rescind
your loan.
(Through rescission a consumer may have the
legal right to set aside a mortgage for violations of the
Truth and Lending act).
A consumer may also have rights under a states’ Unfair and
Deceptive Practices Laws. Most states have laws that protect
consumers if they were victims of fraud or deception in
consumer transactions. A real estate loan is a common
consumer transaction. |
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