Los Angeles Real Estate Attorneys
When anyone in the lending business attempts to take advantage of you—big banks, sub prime lenders, brokers, and appraisers—what you need to do is speak with a Los Angeles real estate attorney right away.
Nobody should be able to defraud you or otherwise trick you into signing up for a loan. Reach out to Oaktree Law if you have been victimized by predatory lending.
Oaktree Law handles a wide-array of real estate matters and works to protect the best interests of homeowners at all times. We have assisted countless clients in protecting their homes from a variety of different risks and threats. You can trust our experienced firm to know just what to do when facing a crisis related to your home.
What qualifies as predatory lending?
In California, loans which are known to be unreasonable and are offered with no regard for the borrower’s ability to pay it back can be considered predatory. Such loans are often also offered to specific households according to their ethnicity, race, age, or gender, and this is in and of itself is illegal.
Predatory lending may entail any of the following:
- Unfair or abusive loan terms
- Aggressive sales tactics
- Exploitation of borrower’s ignorance regarding complicated transaction
Such practices contributed to the recession of 2008, when vulnerable parties were targeted by lenders in order to perpetrate a scheme. Some homeowners were even tricked into extremely high interest rates such as balloon payments which had a very high chance of ending in foreclosure.
You need to protect your home, your family, and your future if you have been taken advantage of through predatory lending. Turn to our Orange County real estate lawyers who know the law and can petition for your rights.
How We Protect Homeowners Against Fraud
Our experienced firm can work to help keep you in your home, put a stop to all foreclosure proceedings while the suit is pending, keep the lender from reporting negative information to credit reporting agencies, and obtaining financial damages for you.
Typically, such lawsuits don’t make it to trial because the lenders generally want to renegotiate the loan after they find out litigation is pending against them. Make sure you have a highly-skilled Los Angeles real estate attorney with you who understands how litigation works to ensure your home.
Speak with Oaktree Law today and set up your no-cost consultation — (562) 219-2979!