what is your take on predatory Lenders are they hurting clients in the real estate market or not?

By
Real Estate Agent with RE/MAX SOLUTIONS 9695882

My take on this is that it is very bad for our business, it also bad for our economy, when Lenders like these take advantage of innocent consumers whose credit is not perfect and offer them credit to purchase a home with notorious high interest rates and charge them high closing fees knowing they do not make the income and could not afford it ,only to see them fall in their foreclosure trap and come back and take the house back this nothing other than rip offs.

I say to those Lenders  you are in my Hall of shame,  shame shame.

 

Thanks TO AR.

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