PREDATORY LENDING
Are you in danger of losing your home?
Have you been
receiving mortgage papers that you don't understand?
Are you receiving calls, visits, or mail
from aggressive lenders?
Were you pressured into a loan with high
interest rates and fees?
Are you having trouble making your mortgage
payments?
Have you been charged excessive
late fees or fees you don't understand?
Has your lender refused to accept your
payments?
Has your lender threatened foreclosure?
Are the conditions of your loan different
than what was originally explained to you?
Beware of companies offering to refinance
your property!
If you have had any of these experiences, we
can help. Please call us.
Interfaith Housing Center of the Northern Suburbs
620 Lincoln Avenue
Winnetka, Illinois 60093
Phone: 847/501-5760
FAX: 847/501-5722
E-mail: ihcns@interfaithhousingcenter.org
For a list of predatory lending practices, visit: http://www.ntic-us.org/issues/predatorylending/pred-practices.htm
For a list of tips for consumers, visit:
http://www.aarp.org/consumerprotect-homeloans/Articles/a2002-09-16-ConsumerAdvocacyHomeLoans.html or
http://www.acorn.org/acorn10/predatorylending/consumers.htm
Recent articles on Predatory Lending:
Desperate
measures Cash-strapped homeowners easy prey for abusive lenders by
Karen Berkowitz Evanston Review,
May 13, 2021
High
payments put pressure on homeowner by Karen
Berkowitz
Evanston Review, May 13, 2021
Editorial:
Borrowers Beware
Evanston Review, May 13, 2021
Increase
in predatory lending fought locally by
Mike Cherney
Daily Northwestern, May 5, 2021
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