Austin - Round Rock - San Antonio - Real Estate Predatory Lending Attorney

Contact the real estate law firm O'Hanlon, McCollom & Demerath for a free consultation about your rights and legal options for compensation for real estate claims involving predatory lending. With years of practical legal experience, our law firm knows how to prepare and present your claim so as to maximize your financial recovery.

What is Predatory Lending?

Predatory lenders use prepayment penalties and adjustable rate mortgages that increase without regard to market conditions. Predatory lenders use aggressive or deceptive practices to sell their loans, often in targeted neighborhoods. Predatory lenders trap borrowers in unfair loan arrangements that rob people of their homes and savings. Predatory lenders strip equity from homes and lend without considering the borrower's ability to repay the loan, sometimes resulting in foreclosures. Predatory lenders may mail you an offer to consolidate your bills or call you on the telephone or come to your door. Predatory lenders often target the elderly, low wage earners and minority homeowners.

What Can I Do?

The first line of defense against predatory lending practices is for the potential borrower to avoid falling prey to these practices in the first place: look out for higher interest rates, balloon payments, excessive points, late charges and prepayment penalties. If you think you may already have fallen victim to illegal predatory lending practices, contact an Austin Area Predatory Lending Practices Real Estate Lawyer at O'Hanlon, McCollom & Demerath-call today for a free consultation and case evaluation at1-877-494-9949.