New York Predatory Lending

Long Island New York Foreclosure Defense

Financial institutions, whether they are banks, mortgage companies or other institutions, are involved in loaning money and are therefore legally obligated to act in an honest and fair manner when dispensing loans. Predatory lending refers to situations where a financial institution has either acted unethically, engaged in inappropriate business practices or has been involved in a “bait and switch” financial offering. There are situations where financial institutions may have deceived or conned a borrower into agreeing to what amounts to either an unfair or abusive financial loan agreement.

If you have been the victim of predatory lending, you may have a defense to a foreclosure proceeding. In cases of predatory lending, we may be able to invalidate the foreclosure if the bank has been involved in unfair or inappropriate lending practices. Our attorneys go to court in Nassau and Suffolk counties on Long Island, as well as the boroughs of Manhattan, Brooklyn, Queens, Staten Island and the Bronx to represent individuals in foreclosure defense proceedings.

Predatory lending practices have victims. The homeowner is the victim! In cases involving predatory lending practices, our experienced foreclosure defense lawyers can show the court what actually transpired. These predatory lending practices can be used in the answer to the foreclosure proceeding as a defense to the lawsuit. The very act of submitting an affirmative defense or counter claim based on predatory lending can tie up a foreclosure proceeding in court for many months, if not years!

If you have questions about our firm or the legal services we provide, we invite you to call the Law Offices of Elliot S. Schlissel today at (800) 344-6431, (718) 350-2802 in Queens or (516) 561-6645 in Nassau County. Our phones are answered 24/7. For our Spanish-speaking clients, se habla Español.