The Schwartz Law Firm was created to protect the legal rights and assets of consumers. As part of our consumer protection practice, we represent victims of predatory lending. Many people were defrauded by mortgage lenders and brokers during the housing boom of this decade. Specifically, individuals may have claims for:
- mortgage loans that lenders and brokers knew their clients could not afford;
- excessive fees and closing costs;
- improper disclosures regarding the terms of a loan;
- loan flipping; and
- illegal prepayment penalties, among others.
Many consumers are now facing foreclosure as a result of the predatory lending tactics of mortgage lenders and brokers, and the Schwartz Law Firm defends individuals in foreclosure and prosecutes their claims against their lenders and brokers. The Schwartz Law Firm also represents individuals in both Chapter 7 and Chapter 13 of the Bankruptcy Code.
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. These terms can include teaser interest rates, negative amortization, prepayment penalties, excessive finance charges and interest rate yield spread premiums.
If you feel you are a victim of predatory lending, the Schwartz Law Firm will provide you with a loan review and analyze any claims you may have. In addition, if you believe that your debt obligations have become too great to support, we will provide you with a consultation about whether your financial condition warrants a bankruptcy filing. Please contact our office by either filling out our secure online application or call us at . |
