By definition, predatory lending may include any unethical or fraudulent
practices by a lender in the loan origination process. A lender may attempt
to deceive a borrower or may act in a way that is unethical during the
loan process, placing a borrower at serious risk of defaulting on his
or her loan in the future. The FDIC (Federal Deposit Insurance Corporation)
further defines predatory lending as "imposing unfair and abusive
loan terms on borrowers". When you consider that a borrower victimized
by predatory lending may have an unclear picture of the real terms of
his or her mortgage, it is easy to see why some
foreclosures may be attributed to predatory lending.
Most borrowers are unaware that they were the victims of abusive lending
practices until they are behind on their mortgage payments or are already facing
foreclosure. If this describes a situation you are currently experiencing, do not
wait to consult with a St. Petersburg foreclosure defense attorney at
our law firm. At LeavenLaw, we represent homeowners throughout Florida
who are facing foreclosure and who have been victimized by predatory lending.
We can offer you a free case review to discuss your case and have offices
in St. Petersburg,
Clearwater to better serve you.
Proving that you were the victim of predatory lending may offer you an
opportunity to successfully challenge foreclosure proceedings. However,
this process is often complicated and it may be difficult to gather evidence
that will prove that you were the victim of these practices. By reviewing
your mortgage agreement and all factors involved in your loan and also
your foreclosure lawsuit, an attorney at our offices may be able to build
a plan that allows you to save your home.