Are You a Victim of Mortgage Loan Fraud?

Are You a Victim to Mortgage Loan Fraud?

With the increasing national plunge in the housing market, there was growing concern that more inexperienced consumers who were first-time homebuyers or seniors, fell victim to mortgage loan fraud, also known as "predatory mortgage lending". Mortgage loan fraud occurs when a real estate broker, lender, bank, mortgage broker or appraiser deceives a consumer into signing a loan, for the purpose of making more profit.

Buying a home is one of the most important and complex decisions a consumer can make. Most lenders, banks, brokers and other real estate professionals genuinely help consumers get the best loan rates possible. Before looking into mortgage loans, do your own homework, since relying on professionals for their expertise may not always work to your advantage. There may be factors you are unaware of, which lenders may victimize you on.

Examples of mortgage loan fraud include:

Predatory mortgage lending is illegal and it can cause financial distress to a borrower, often ending in foreclosure, bankruptcy and severe damage to a borrower's credit rating. To avoid being victimized by predatory lending, here are some important considerations to keep in mind:

Don't fall victim to mortgage loan fraud because it could jeopardize your financial future. If you believe you or someone you know has been victimized by mortgage loan fraud or predatory lending, contact Attorney Search Network today. An experienced real estate lawyer can discuss your claim with you, and make sure your rights are protected. A lawyer can also advise you on which course of legal action to take.

If you have any questions about the information provided above, please contact Attorney Search Network.

Contact Attorney Search Network for an Attorney Referral to an pre-screened Loan Fraud Lawyer.

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