Real Estate / Mortgage Fraud
Purchasing residential or commercial real estate can be a stressful process involving a considerable amount of time and money, making it difficult for buyers and sellers to make informed, knowledgeable decisions. An experienced attorney familiar with the complexities involved in real estate transactions can streamline the process and prevent problems from arising.
The Menekshe Law Firm has represented clients in a wide variety of real estate matters, including assisting clients with sale and purchase documents for residential and commercial properties, leasing agreements, and a variety of real estate transaction issues. The firm also has significant experience representing borrowers and homeowners who have been harmed by unscrupulous lenders, brokers, and loan servicers engaged in predatory lending practices.
Mortgage Fraud/Predatory Lending
Unfortunately, deceptive real estate practices take place in California every day. The Menekshe Law Firm has considerable knowledge of the federal and state laws prohibiting fraudulent real estate practices, and has represented clients in connection with the following types of mortgage fraud/predatory lending practices:
- Violations of the Truth in Lending Act, a federal law that protects consumers by requiring transparency in the terms of lending arrangements and costs
- Oppressive or misleading mortgage terms, such as high interest rates
- Failure to disclose key terms on loan applications
- Abusive prepayment penalties
- Excessive fees
- Insurance fees or interest rates that are altered without informing borrowers
Another fraudulent practice has involved loan servicers who are responsible for collecting mortgage payments. The unfair practices they have engaged in include refusing to accept payments from delinquent borrowers, forcing properties to go into foreclosure. Disreputable loan servicers have also developed payment plans that require borrowers to make large lump sum payments up front, making it difficult for borrowers to become current with their mortgage payments.
Landlord/Tenant Law & Contractor Fraud
The Menekshe Law Firm also represents clients in landlord/tenant disputes and in contractor fraud matters, including cases involving eviction proceedings, unpaid rent claims, and habitability claims. With regard to contractor fraud, the firm has represented clients who have been victimized by contractors who, for example, misrepresented the cost of the building project, failed to disclose a lack of required licenses and permits, or used hidden or misleading contractual terms.
If you have been a victim of fraudulent real estate transaction practices, need assistance with a real estate transaction, or would like an attorney to review loan documents to ensure that the lender or broker is complying with federal and state laws, have an experienced real estate attorney assist you by contacting The Menekshe Law Firm today.
