What is Predatory Lending?
Predatory lending is a term that is used to refer to unethical, unfair business practices by certain lenders. In a situation involving predatory lending, a lender may deceive a borrower into agreeing to unfair or abusive mortgage loan terms. A lender may also violate the terms of a mortgage agreement while making it difficult to catch, or for a borrower to take legal action against the lender for these violations. The end result of predatory lending is often that the borrower defaults on the loan, and the lender regains possession of the property through
foreclosure.
Do you believe that you have been the victim of predatory lending? If this is the case, you can work to
fight foreclosure and keep your home. A
Long Island foreclosure attorney at our firm can help. At Jacoby and Jacoby, we have over 50 years of combined legal experience in helping clients who are facing foreclosure, and this includes experience regarding predatory lending in particular. Our skilled attorneys represent clients throughout all of Long Island, Suffolk and Nassau, New York. We offer a free consultation so we can discuss your legal matter.
You do not have to settle to being a victim of predatory lending and therefore lose your home. With the right legal representation by an experienced lawyer, you can expose unfair lending practices and may even be able to sue the lender for any losses you have incurred. At the very least, you can file an
answer to your foreclosure complaint that is valid and will result in the court deciding to stop foreclosure proceedings against you.
At Jacoby and Jacoby, we are here to help victims of predatory lending. Let us put our experience and knowledge to work for you as we defend your rights and protect your interests.
Contact a Long Island foreclosure defense lawyer
at Jacoby and Jacoby today to find out more about predatory lending and what you can do to stop it.