predatory lending: Lenders' Little Helpers - Conflict of Interest? - 04/15/08 05:12 PM
Lenders' Little Helpers - Conflict of Interest? AR'ers, this is a column I write for a NJ monthly. The point is ubiquitous. Records indicate more than 36,000 foreclosure lawsuits were filed in New Jersey last year, and this year that number is expected to exceed 50,000. During the first quarter of 2008 the 12,300 foreclosure … (0 comments)
predatory lending: Spike in mortgage fraud? - 05/17/07 06:32 AM
When I describe myself as a preforeclosure housing counsellor, people typically respond by saying, "You must really be busy now!" In light of the media's blitz, they seem puzzled when I tell them, "No more than usual." "Usual" being the operative word. Mortgage foreclosures occur in good times, bad times, all times. … (2 comments)
predatory lending: 30 second tutorial on predatory lending - 04/23/07 11:33 AM
Many predatory lending schemes target equity rich/cash poor senior citizens. Regardless of the target, the predators seek unjust enrichment by obscuring the facts. Predatory lending practices, as well as deed stealing and equity theft are usually carefully disguised, slickly presented, but always designed to exploit the homeowner's lack of financial acumen and emotional weaknesses. … (2 comments)
predatory lending: TOP TEN TRICKS OF THE LENDING TRADE - 03/07/07 09:05 AM
Watch for the national release of Maxed Out! Americans For Fairness in Lending SPOCH's Preforeclosure Counseling TOP TEN TRICKS OF THE LENDING TRADE The tricks of the trade are limited only by the imagination of the lender - certainly not by federal regulations. And they're all conceived with one end in mind -- big profits, … (0 comments)
predatory lending: Home Equity Theft Protection Act - 03/01/07 08:22 AM
With tortoise-like pace, states are considering, then enacting legislation to curtail predatory lending, and deceptive realty practices. California has strict criteria governing how "foreclosure consultants" conduct business with financially distressed homeowners. Maryland's new laws and document recording systems seek to limit the extent to which speculative investors make front end profits at … (1 comments)
predatory lending: If you find a Client in financial trouble... - 02/06/07 07:28 AM
Tough times ahead? Tough times now! Personal savings are at historic lows (in the negative) while borrowing is at an all time high! Jobs, once secure, are being lost to automation and offshore employers. The minimum payment requirements for credit cards has doubled while personal bankruptcy plans are harder to get … (0 comments)
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Lenders' Little Helpers - Conflict of Interest? 
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