Legal Question in Real Estate Law in California

What constitutes fraud committed by a lender/bank? If they persuaded or pressured us to say the home was owner occupied KNOWING this was a second home so they could make the loan more appealing. Also suggesting a 2nd be taken on current home to use as a down payment on the second home. Is that the same as predatory lending when they pressure you knowing that you can�t afford or it is not in your best interest? Do we have any legal recourse against the lender/bank??


Asked on 9/08/10, 10:15 am

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

So have you been to see a bankruptcy lawyer about getting your second home's mortgage rewritten, and your 2nd wiped out, and any foreclosure immediately stopped, in a Chapter 13?

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Answered on 9/13/10, 10:22 am


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