Banks have not always used Predatory Sales Practices. Predatory banking practices started when banks stopped servicing their own debt.
Not so long ago, banks issued loans to individuals and then collected the money back over a number of years through mortgage payments. The bank had to issue a good loan, or it would never be paid back. The modern banking practice is to issue a loan to an individual and then discount, or sell, that loan to someone else. If the loan goes bad, then it was some one else’s problem. That is to say – it is your problem. When your house is sold at sheriff’s sale, you must pay the difference between the original bank loan and the sheriff sale price. You are saddled with a debt on a house you do not own.
Call the legal team at Behrend & Ernsberger, P.C. today at (412) 391-2515 for the help you need against a predatory lender!