File a Los Angeles Predatory Lending Lawsuit
Are You the Victim of Unconscionable Lending Practices?
Usually, if you are about to buy or refinance a home, you are making a positive move. You’re either starting in a fresh home or investing in property. Maybe you’re freeing up some cash to make life a little more comfortable. All of these things should be reasons to feel hopeful and excited—but, sometimes, lenders act in unconscionable ways that are unlawful.
If you are the victim of unconscionable lending practices, contact Milton & DeKruif, mortgage lawyers in Los Angeles.
Reasons for a Predatory Lending Lawsuit in Los Angeles
Some of the ways in which a lender might act unconscionably include any methods of behavior or information they present to you that misleads you into accepting a loan that you did not intend to accept or understand when you accepted. Other unconscionable practices include business tactics that favor the lender at your expense and in an unlawful manner:
- Telling you that you have to stick with that lender
- Offering you loans the lender knows you cannot repay
- Trying to make you close on the loan quickly without decision-making or research time
- Offering you extremely high property valuations
- Presenting you with “one-size-fits-all” contracts or loan papers
- Lying about your income or ability to repay a loan on any documents
- Changing the terms of the loans at closing
- Adding previously undisclosed fees, costs, or other expenses at closing
- Promising to “fix” all your financial problems with a refinance
If any of these things have happened to you and you have incurred losses because of them, you may have grounds for a predatory lending lawsuit in Los Angeles or the surrounding areas of California.
