PREDATORY MORTGAGE LENDING

Our law firm represents homeowners who have been the victims of predatory lending practices in the home mortgage industry and who, as a result, have legal claims to assert under the federal Truth In Lending Act ("TILA"), Homeownership and Equity Protection Act ("HOEPA"), Real Estate Settlement Procedures Act ("RESPA"), and other state and federal laws. AZIMY | NATHAN, LLP. has helped numerous mortgage fraud victims to save their homes from foreclosure by rescinding fraudulent home loans.

The term "predatory lending" includes a variety of fraudulent home mortgage lending practices. Some lenders often use unfair and deceptive business practices to pressure consumers into signing loan agreements that fail to disclose material terms of their contract. Often, using false promises and deceptive sales tactics, mortgage brokers and lenders unscrupulously take advantage of thousands of consumers nationwide.

Predatory loans carry high up-front fees that are added to the balance, decreasing the homeowner's equity. Loan amounts are usually based on the borrower's home equity without consideration of the borrower's ability to make the scheduled payments.

If you or someone you know have refinanced your home in the last 3 years and believe you were lied to regarding the interest rate and/or the terms of the loan, please call now for a free consultation. If you are upset about your rising home loan interest rates or if you are facing foreclosure, you may have been the victim of a predatory loan and we may be able to help you recover monetary damages. Recoverable damages can include all closing costs and payments made to date on the predatory loan as well as attorney's fees and related statutory damages.

If you or someone you know has been the victim of predatory mortgage lending practices, please contact AZIMY | NATHAN, LLP for a free consultation. We may be able to help save your home from foreclosure and get you a monthly payment you can afford.