Predatory Mortgage Lending

If you fear that you may have been the victim of predatory mortgage lending, you're not alone. Each year, Americans are defrauded to the tune of billions of dollars through predatory lending practices. It's easy enough to be taken in, and some groups, especially lower-income families and minorities, are unfairly targeted more often than others.

The Premier Mortgage Auditing's Fraud Center can help you get educated on the tactics of predatory mortgage lending. Our experts can also audit your mortgage documents for fraudulent items. In addition, there are several questions you can ask yourself first to help determine whether you're a victim of unfair practices. For instance, were you charged high closing costs on your mortgage?

Many people have problems with untimely posting of their mortgage payments--do yours get posted on time? Have you noticed sudden increases in payments? Or have you noticed over time that your principal doesn't seem to go down? So-called yield spread premiums should be a red flag, as should any last-minute changes to your loan that were made to your detriment. These are all subtle and not-so-subtle practices to look out for among unscrupulous loan companies.

The financial specialists at the Premier Mortgage Auditing's Fraud Center offer full document auditing and consulting services. We'll let you know of all the potential pitfalls of borrowing and can help you with legal options if you've already become a victim. Just call or email us at (419) 340-9407 or at diiams123@yahoo.com, simply fill out our online consultation form. As the market becomes more crowded with lenders, it's important to be able to spot the predatory ones before they target you.