You are in a position to challenge a property foreclosure in case your mortgage company utilized predatory lending methods whenever you took out of the loan.
“Predatory financing” takes place when a loan provider utilizes deception, fraudulence, or manipulation to persuade a debtor to simply take a mortgage out with abusive or unjust terms. Different federal and state laws and regulations occur to get rid of loan providers from making use of predatory strategies.
Should your loan provider utilized lending that is unfair once you took away your home mortgage, you could be able to fight a foreclosure. (to understand what you should do —and what not do you’re that is—if a foreclosure, see Foreclosure Do’s and Don’ts.)