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Find Out About Predatory Lending in Philadelphia
Were you the victim of predatory lending practices in Eastern Pennsylvania or Southern New Jersey?
You may have found out the hard way that if it sounds too good to be true, it probably is. Unfortunately, as many of us chased the American dream of home ownership, we fell prey to those whose interest was not in helping us find a home we could afford at the best possible interest rate, but rather in lining their own pockets.
Predatory lenders have contributed to an increase in home foreclosures and personal bankruptcy and, according to the U.S. Attorney’s Office of the Eastern District of Pennsylvania, are a factor in the decay of neighborhoods as houses fall into ill repair or are abandoned.
What constitutes predatory lending practices?
In short, predatory lending practices are the “fraudulent, deceptive, and unfair tactics” used to convince people to take out a mortgage they cannot afford. Examples may include misrepresentation on the part of a lender or a broker about fees or interest rates, approval of a loan for more than the value of the home, or foreclosure-rescue or second-mortgage home improvement scams.
The fact is, most predatory lending practices are fraudulent and against a number of federal and Pennsylvania and New Jersey state consumer protection laws.
Not sure if you were the victim of predatory lending? Take a look at this checklist. And by all means, find out what your rights are. A qualified attorney can help you if you are facing financial crisis caused by predatory lending in the Philadelphia area, including Camden, Burlington and Gloucester counties in New Jersey.
Learn more about your rights by contacting a Philadelphia area attorney
If you have been the victim of predatory lending practices and need help with debt relief, debt reorganization or debt counseling, don’t delay. Philadelphia attorneys can explain your rights, your legal recourse and your bankruptcy and other options. To find a lawyer in your area, please fill out the online form or call 267-428-1386.
Find out About Predatory Lending in Philadelphia
Were you the victim of predatory lending practices in Eastern Pennsylvania or Southern New Jersey?
Predatory lenders have contributed to an increase in home foreclosures and personal bankruptcy. What constitutes predatory lending practices? In short, predatory lending practices are the "fraudulent, deceptive, and unfair tactics" used to convince people to take out a mortgage they cannot afford. The fact is, most predatory lending practices are fraudulent and against a number of federal and Pennsylvania and New Jersey state consumer protection laws.
Not sure if you were the victim of predatory lending? Take a look at this checklist. And by all means, find out what your rights are. A qualified attorney can help you if you are facing financial crisis caused by predatory lending in the Philadelphia area, including Camden, Burlington and Gloucester counties in New Jersey.
Learn more about your rights by contacting a Philadelphia area attorney
If you have been the victim of predatory lending practices and need help with debt relief, debt reorganization or debt counseling, don’t delay. Philadelphia attorneys can explain your rights, your legal recourse and your bankruptcy and other options. To find a lawyer in your area, please fill out the online form or call 267-428-1386.
