Venditoris: Beware of Sellers & Scams

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Predatory Lending

May 12th, 2008 · No Comments · Banks, Business, Media, Public Interest


From the US Attorney’s Website for the Eastern Region of Pennsylvania.

“Predatory lending practices, broadly defined, are the fraudulent, deceptive, and unfair tactics some people use to dupe us into mortgage loans that we can’t afford. Burdened with high mortgage debts, the victims of predatory lending can’t spare the money to keep their houses in good repair.”

“They strain just to keep up their mortgage payments. Often, the strain is too much. They succumb to foreclosure. Their houses have been taken – stolen – from them.”

Visit their website for more information on these practices and how to avoid them. Meanwhile the links below take you to specific, related topics on their information web pages.

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