Relief from Predatory Lending
Predatory lending practices such as real estate schemes and car sales can leave the borrower facing car repossession or home foreclosure.
Many of our bankruptcy clients have come to us as a result of predatory lending. When these sad circumstances are the result of deception on the part of the lender, Attorney D.J. Rausa can provide relief.
How We Help with Predatory Lending
Our San Diego, California, law firm, The Law Offices of D.J. Rausa, helps victims of predatory lending schemes. We represent consumers in matters related to home mortgages, credit cards and auto loans, including:
- Foreclosures
- Penalties for prepayment
- Deceptive, incomplete or incorrect loan information
- Misleading interest rates
- Balloon payments
- Loan servicing fees
- Insurance requirements
- Notices of loan payment default
Signs of Predatory Lending
You may be the victim of a predatory lender if:
- The lender encouraged you to lie or inflate your income on your loan application
- The lender provided falsified documents so your loan application would be accepted
- The lender used a "special" property assessor to inflate the value of a home
- The lender charges service fees that are higher than normal for the area
- The lender sells unusual loans, such as interest only loans, with rates that are higher than the area average
Laws That Protect Consumers From Predatory Lenders
Our law firm understands how the law protects consumers from predatory lending. For example, Attorney D.J. Rausa will help you understand the Mortgage Forgiveness Debt Relief Act of 2007, which aids homeowners who have had mortgage debt reduced or cancelled through a short sale. The act prevents lenders from issuing a 1099 form for tax filing purposes, relieving homeowners with from having to pay taxes on the forgiven amount.
Attorney Rausa will explain this law and others, such as the Truth in Lending Act, the Home Ownership and Equity Protect Act, and the Real Estate Settlement Procedures Act — legal requirements that exist to protect consumers from predatory lenders.
Contact us in San Diego, Chula Vista, Escondido or El Cajon to see if you have been the victim of a predatory lender. Call 1-888-712-5978 to schedule a free initial consultation.
Free initial consultation * Available 24 hours a day * Servicios de traducciones disponibles * Evening and weekend appointments possible * Multiple offices to serve your needs
