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Predatory Lenders make home loans with unfair and abusive terms. These lenders first target low income and minority homebuyers, and then capitalize on these buyers' lack of knowledge of complicated transactions. People have their homes stolen by loan salesmen who are aggressive, and use outright deception or bait-and-switch tactics. They close loans that lead to a loss of equity or foreclosure. The results are simple: hard working people lose their homes..............Plus More.......
Predatory Lenders make home loans with unfair and abusive terms. These lenders first target low income and minority homebuyers, and then capitalize on these buyers' lack of knowledge of complicated transactions. People have their homes stolen by loan salesmen who are aggressive, and use outright deception or bait-and-switch tactics. They close loans that lead to a loss of equity or foreclosure. The results are simple: hard working people lose their homes..............Plus More.......
posted by fredom-of-speech-infringed | Thursday, September 07, 2006
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