My mother has S.S. and reverse mortgage as her income about $1,500 a month if she is lucky she has $10 at the end of the month. need to file bankruptcy ch.7 to make them stop harassing her. If they win and they will she will have nothing to live on.
Sounds like a rather easy bankruptcy case. If she lives in Florida and has less than median income ($41,915 as of 4/1/13), she qualifies for a Chapter 7. See www.MiamiBankruptcy.com for more information.
Sign a five year note in 2011 and it is not recorded. Their attorney says term is up and wants a lot of money. We are going nowhere with this loan We built a pole barn that was converted to a off grade house. It is not complete. What can we do I look on the predatory lender website and... Read more »
Predatory lending is very difficult to prove and, even if proved, the lender still recovers the principal. Note that high interest and balloon term don’t mean that there is a claim for predatory lending.
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