Predatory Lending

South Florida Mortgage Fraud Attorneys

Are you a victim of mortgage fraud or predatory lending?

The real estate boom in South Florida has resulted in a corresponding increase in instances of mortgage fraud, particularly involving sub-prime loans. These cases involve predatory lending practices and misrepresentations on the part of lenders, excessive fees or interest rates, outrageous balloon payment schedules, and others. It is possible to lose all the equity in your home and still face an enormous judgment against you.

Koch & Trushin, P.A. is an experienced mortgage fraud law firm. In cases involving mortgage fraud, we can go to court to protect your rights and may be able to help you get out from under the financial burden of an unfair mortgage.

Call (954) 763-7600 to arrange for a free consultation. An attorney at our firm can evaluate your case and discuss how we may be able to help you.

Be Aware. Know the Mortgage Schemes Intended to Defraud You

Lenders, brokers, appraisers, and other real estate professionals are being heavily prosecuted for deceptive lending practices and other forms of mortgage fraud. The following are examples of mortgage fraud schemes which many consumers fall victim to:

• Property flipping: Lenders may frequently solicit you to refinance your home, each time rolling in new fees. Brokers use property flipping schemes to sell homes at rates higher than fair market value.
• Inflated home appraisal: Brokers may conspire with property appraisers and other real estate professionals to sell property to you based upon a fraudulent, inflated appraisal.
• Unconventional loans: Lenders may coerce you into an unconventional loan, knowing full well that you would not qualify for a fixed rate mortgage. When the interest rate changes, you are suddenly forced into foreclosure because you couldn't afford the new mortgage payment.
• Inaccurate loan applications: Lenders may use false or inaccurate information in your loan application to obtain approval - knowing that if the correct information was submitted, you would not qualify. As a result, you were approved for a loan that you couldn't afford and are now facing foreclosure.

Helping You Get Back on Your Feet

Koch & Trushin, P.A. are aggressive trial attorneys who will work diligently to help extract you from an unfair or illegal mortgage contract.

If we can demonstrate mortgage fraud by your lender, we may be able to lift your financial burden from your shoulders and help you make another start by possibly obtaining a rescission of the mortgage agreement. In these cases, attorneys' fees will be paid by the lender, and we may be able to obtain an additional judgment for compensation in your favor.

Act Quickly to Protect Your Future

If you think you have been the victim of mortgage fraud or predatory lending practices, do not wait until you have received a foreclosure notice to take action. Call Koch & Trushin, P.A. to learn about your rights and legal strategies you can employ to protect your future.

The sooner you call, the quicker we can begin working to lift your financial burden.

For a free initial consultation with a lawyer at Koch & Trushin, P.A., call 954-763-7600 or contact us online.

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