|
Predatory Lending |
|
|
By SuperUser Account on
9/19/2007
|
|
|
|
Predatory lending is another term for loan fraud committed by mortgage lenders, home appraisers, or real estate professionals on consumers who are trying to buy a home, obtain re-financing or make improvements on their home. A bad loan obtained from a predatory lender may cause homeowners to lose their chance to buy a desired home, lose the equity in their current homes, or force them to sell their homes when they are unable to make loan payments.
|
 |
|
Comments (0)
|
More...
|
|