|
Home Equity
Scams &
Fraud |
|
The Practices: |
Borrowers Beware!
Do you own your home? If so, it's likely to be your greatest single asset. Unfortunately, if you agree to a home loan that's based on the equity you have in your home, you may be putting your most valuable asset at risk. Homeowners-particularly elderly, minority and those with low incomes or poor credit-should be careful when borrowing money based on their home equity. Why? Certain abusive or exploitative lenders target these borrowers, who unwittingly may be putting their home on the line. Abusive lending practices range from equity stripping and loan flipping to hiding loan terms and packing a loan with extra charges. This site compiles information from the Federal Trade Commission and other sources and urges you to be aware of these equity home loan practices to avoid losing your home. |
meEguaaomeEq |
|
Copyright Home-Equity-Scams.com 2003-2005 |