Owning a home is something that nearly everyone dreams of, but predatory lending, bad faith mortgages, and economic circumstances can turn the thought of losing that home into a nightmare. St. Louis mortgage lawyer Steven Goldblatt has been representing homeowners who need help renegotiating their mortgages for nearly three decades.
In the past few years, brokers and lenders have extended mortgage loans with little regard to the ability of the borrower to repay the loans. Either because of economic circumstances such as losing a job, or because an adjustable rate mortgage has reset, resulting in a monthly payment the borrower cannot meet, the borrower suddenly finds himself in danger of losing his most cherished possession.
Often, the borrower did not understand what his true exposure would be when an adjustable rate was first offered to him. Brokers and lenders offered what was an affordable, attractive rate, obscuring the facts as to when the rate would change, and by how much, and what that would mean in actual payments for the borrower.
At other times, brokers and lenders put additional fees, hidden or not explained, into the mortgage, increasing the amount the borrower had to repay, and making future payments that much more burdensome. The borrower went into the mortgage closing with the amount he thought he was going to borrow firmly in mind, only to find out that the amount was higher because, as it was explained to him, this was the mortgage that he was able to get, and it included whatever the broker or lender believed they could get away with.
If you are unable to pay your mortgage, you may have recourse. St. Louis mortgage attorney Steven Goldblatt has nearly three decades of experience in mortgage renegotiation.
Contact the Goldblatt Law Firm at 314-288-8455 and set up a free initial consultation with experienced St. Louis mortgage attorney Steven Goldblatt.