WORCESTER 508-471-3018
Metro West 508-709-0024

Posts tagged "foreclosure abuse"

Mortgage companies agree to huge settlement in foreclosure abuse

Lending companies provide people with money to purchase homes based on the belief that they will be able to repay the loans on time. They charge interest on the money borrowed and assign fines for late payments or bounced checks. But companies that offer mortgage financing may also cut corners, which can hurt Worcester, Massachusetts, residents.

Banks expected to settle over home loan abuses

During the height of the mortgage boom, home loans were generally cheap and easy to secure. Unfortunately, many of these loans had provisions that could lead to a significant rise in the cost of the loan should the economy experience difficulties, as it did during the recession. Though the mortgage industry is rebounding, some banks abused the foreclosure process during the down period, which may have led to the eviction of homeowners. Several of those banks are close to a settlement with banking regulators that will provide funds for many of the affected homeowners.

Email Our Team

Contact Us Today To Learn More

The skilled attorneys at SederLaw stand ready to handle even your most difficult legal issues. Turn to us for skilled representation to help you accomplish your legal goals.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

An Impressive Track Record
Of Achievement In The Law


Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions

Metro West Office
1900 West Park Drive
Suite 280
Westborough, MA 01581

Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions