Friday, December 02, 2005

Case of the Week: 11/11/12

County: Fayette
Age: 77

This client is the subject of predatory lending. She contacted us regarding her mortgage which she had fallen behind on. I reviewed the notice of foreclosing she received and the terms of her loan. One aspect of this case that hinted at predatory lending concerns insurance. Apparently the Mortgagor was charging the client for insurance even though she had her own. Also, the Mortgagor was very uncooperative about providing for a workout option for the client. I referred the client to Mountain State Justice. Interestingly, Mountain State Justice currently has other cases against the same Morgator who is a predatory lending.

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