Are You a Victim of a Predatory Lending Mortgage Foreclosure in Orlando, Tampa, Clearwater, St Petersburg, Pasco, or Beyond?

Help is available to borrowers in central Florida who have claims against their lenders for violating the Truth in Lending Act and other laws regulating credit transactions. Such predatory lending violations may be a defense to a mortgage foreclosure. If there is a violation, you may be able to void the mortgage and apply 100% of your payments to principal. You may also be able to recover money damages. If you believe you have been the victim of predatory lending, please contact the lawyers at Kennedy Law Group. From our central Florida location, we serve homeowners facing foreclosure throughout the area including Orlando, Kissimmee, Tampa, Clearwater, St Petersburg, Pasco, Manatee, Sarasota, and beyond.

Predatory lending is a general term for the illegal practices that lenders, mortgage brokers, and property appraisers use to make as much money as possible during real estate transactions. Examples of predatory lending practices in the central Florida area include:

• Using a false appraisal to sell a home in Clearwater for much more than the home is actually worth
• Encouraging a borrower in Pasco County to lie about his or her income to get a mortgage that the borrower cannot afford
• Telling a borrower in Orlando that he or she can only be approved for a high-risk mortgage (such as an adjustable rate mortgage or interest only mortgage) when in reality, the borrower qualifies for a less expensive and less risky traditional fixed mortgage
• Pressuring homeowners in Sarasota to refinance their home multiple times, which generates income for the lender but strips the homeowners of their equity

Victims of predatory lending who are at risk of losing their homes have several legal options available to avoid foreclosure. It is recommended that these homeowners consult with an experienced mortgage foreclosure lawyer who can advise them of ways to keep their homes. The cost of a lawyer is often minimal when compared to the financial and emotional devastation of losing a home to foreclosure. The mortgage and foreclosure attorneys at Kennedy Law Group in central Florida offer a free consultation for your convenience and peace of mind. From Bradenton to Lakeland, New Port Richey to Orlando, and Kissimmee to Sarasota, we are here to help you.

Legal Aid: You Can Stop Foreclosure and Put the Lender on the Defense

To recover on a promissory note, the plaintiff (the Lender in the case of foreclosure) must prove: (1) the existence of the note in question; (2) that the party sued signed the note; (3) that the plaintiff is the owner or holder of the note in due course; and (4) that a certain balance is due and owing on the note.

Legal Aid: Predatory Lending Claims Available to Borrowers in Foreclosure in the Central Florida Area

In handling mortgage foreclosure cases around the country, foreclosure attorneys and paralegals should be aware that in addition to your state mortgage foreclosure law, which is the main statute that is relied upon by attorneys defending a foreclosure suit, a variety of defenses exist at both federal and state levels. These statutes, however, focus more on the lending practices of the lender rather than on the ability of the client to pay. Lawyers should therefore pay attention to the nuances between laws and figure out whether the mortgage company has engaged in illegal or predatory lending practices.

Debtors Rights in Hillsborough, Pinellas, Pasco, Manatee, Sarasota, Osceola, Orange, Polk, and Nationwide

A federal statute known as the Fair Debt Collection Practices Act (often called the "FDCPA") gives you specific legal rights to sue debt collectors who unlawfully threaten, berate, intimidate, or harass you; call you during odd hours, make false representations about the debt or their intentions, or otherwise act in ways prescribed by the act (and there are many).

Our consultations are always free and there is no obligation to use our services. Mortgage help is just a phone call away. Call Kennedy Law Group at 1-800-207-0005 or fill out our foreclosure help form. Our main office is located in central Florida and we serve homeowners across the area including the cities of Clearwater, St Petersburg, Orlando, Tampa, New Port Richey, and Lakeland, as well as the counties of Hillsborough, Pasco, Manatee, Pinellas, Sarasota, Orange, Osceola, and Polk.