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Predatory Relief
Predatory Lending is a terrible lending practice designed to take away your home equity. There are many problems associated with predatory practices. Here are a few:
- High interest/fees
- Broken promises
- Balloon payment
- Loan flipping
- Large prepayment penalties
- Cash or other incentives
- Income padding
- Inflated appraisals
- Signing over the deed
- Unnecessary insurance
We may be able to help you get better financing terms through a program called "Restoring the Dream," in partnership with Toledo Fair Housing Center and FannieMae. Credit problems that occurred after the predatory loan are not a disqualifier if it can be shown to be because of your loan terms. Please call to determine if you qualify.
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