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Anti-Predatory Lending Action Network

 

Do you believe there was general deception on the part of Loan Officers and/or closing representatives on behalf of the lender/broker?

Were you encouraged to include false information on your loan application?

Were you asked to leave signature lines or any other important line-item of any form blank? Did the lender or broker alter any information you entered on your loan application?

Did the lender charge excessive points at closing, have a significant range of fees on Good Faith Estimate ("GFE"), or change of loan terms?

Did the GFE contain a range of costs so large that it failed to provide you with a fair estimate of cost you face at settlement?

Did the lender not supply you with all necessary disclosures (i.e., Good Faith Estimate, Truth-In-Lending, HUD-1 Uniform Settlement statement) prior to closing?

Were you unaware of placement of mortgage life insurance on the loan?

Do your documents reveal that your interest rate calculation will change to require you to pay "daily interest" in instances when your payments are late?

Is your loan amount on the loan you obtained higher than the value of the home?

Did the loan have you pay points that did not buy down interest rate?

Did the new loan flip a relatively recent loan?

Did the loan provide you with no tangible net benefit?

Did the lender fail to disclose or verbally misrepresent pre-payment penalties and other fees until closing?

 Did the loan officer verbally misrepresent a prepayment policy?

Did the lender not supply document copies at closing for use during 3-day right of rescission period?

Did the lender use various "bait and switch" scenarios?

Did the lender delay the loan closing to purposely have lock-in/commitment deadlines expire so that the interest rates rise?

Are there fee discrepancies on original disclosures versus revised disclosures given at closing?

Are mortgage commitments and Lock-in Agreements not being honored by the lender?

Did the lender misrepresent the terms of a bi-weekly mortgage payment program?

After settlement, were you surprised to find that the monthly payments on your mortgage loan were higher than you anticipated based on the initial disclosures?

If you have a balloon mortgage, will you need to obtain another loan to finance that final lump-sum amount?

Were you a victim of a lender and contractor second mortgage home improvement scam (lender and contractor take money - consumer gets no work done on home - classic predatory loan scheme)?

If you answered "yes" to any of the questions below, you may be or have been a victim of a predatory home loan.

Anti-Predatory Lending

Action Network

35 Broad Street

Keyport, NJ 07735

888.330.7330

www.aplannow.org

 

 

 

Late Mortgage Payments?

Mortgage Default?

Foreclosure?

Judgment?

Sheriff’s Sale?

Eviction?