Our law firm represents homeowners who have been the victims of predatory lending practices in the home mortgage industry and who, as a result, have legal claims to assert under the federal Truth In Lending Act ("TILA"), Homeownership and Equity Protection Act ("HOEPA"), Real Estate Settlement Procedures Act ("RESPA"), and other state and federal laws. HOWARD | NASSIRI, LLP. has helped numerous mortgage fraud victims to save their homes from foreclosure by rescinding fraudulent home loans.

The term "predatory lending" includes a variety of fraudulent home mortgage lending practices. Some lenders often use unfair and deceptive business practices to pressure consumers into signing loan agreements that fail to disclose material terms of their contract. Often, using false promises and deceptive sales tactics, mortgage brokers and lenders unscrupulously take advantage of thousands of consumers nationwide.

Predatory loans carry high up-front fees that are added to the balance, decreasing the homeowner's equity. Loan amounts are usually based on the borrower's home equity without consideration of the borrower's ability to make the scheduled payments.

If you or someone you know have refinanced your home in the last 3 years and believe you were lied to regarding the interest rate and/or the terms of the loan, please call now for a free consultation. If you are upset about your rising home loan interest rates or if you are facing foreclosure, you may have been the victim of a predatory loan and we may be able to help you recover monetary damages. Recoverable damages can include all closing costs and payments made to date on the predatory loan as well as attorney's fees and related statutory damages.

If you or someone you know has been the victim of predatory mortgage lending practices, please contact HOWARD | NASSIRI, LLP for a free consultation. We may be able to help save your home from foreclosure and get you a monthly payment you can afford.

HOWARD | NASSIRI, LLP agree with and endorse the Six Principles of Fairness set forth by Americans for Fairness in Lending. These Principles are the foundation of a safe consumer financial services market. They are central to protecting Americans from abusive and dangerous consumer financial products and services.

RESPONSIBILITY
Lenders must gauge ability to repay and offer borrowers the most affordable and well-suited products for which they qualify. Lenders should demonstrate commitment to the building of personal assets.

JUSTICE
All participants in the making, collecting, holding and buying of debt have a duty to deal fairly with the borrower. It is unjust to prey upon anyone, particularly on those who are vulnerable due to age, health, language, education or other socioeconomic circumstances. It is unjust to charge exorbitant interest rates and fees, to change terms once agreed, and to deny anyone their day in court.

EQUALITY
We all must have equal access to appropriate and fair products and services regardless of race, gender, language, national origin, physical/mental well-being, education, lifestyle or socioeconomic status. All discriminatory lending practices must be abolished.

INFORMATION
We require full disclosure of all costs, fees, loan terms, penalties and collection practices in language that is clearly understood by the borrower. Although information is a necessary component to a fair marketplace, it is not a substitute for fair terms, fair treatment and effective regulation.

ACCOUNTABILITY
Lenders must track and report their lending activity. Only with comprehensive reporting can we ensure that the marketplace is free from illegal and unethical practices and that consumers are safe to shop for credit products without risk of being overcharged or directed to inappropriate loans.

LAW & ENFORCEMENT
Our government must establish essential consumer safeguards in the lending marketplace with laws that hold all members of the lending industry liable for activities throughout the life of the loan and its collection. There must be mechanisms for reporting abusers, and compensation for victims of lending abuse.