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Our home is supposed to be our castle, but it can quickly become our prison. Shoddy workmanship, fraudulent lending practices and home improvement rip-offs can make ownership seem like a liability instead of an asset.
About one in five homeowners say they have had a bad experience with home improvements or repairs. A recent AARP survey found that those with higher incomes ($60,000+) tend to have the most problems, with one-third reporting at least one serious problem. A few things to keep in mind: Loans The Truth in Lending laws apply to loans to purchase or refinance a house. Other laws protect consumers getting Home Equity loans. Let us see your loan papers to see that your rights have not been violated. Our attorneys will review your loan documents at no charge. Home Improvements Many home improvement contractors use fraudulent practices to get consumers to take loans for home improvements that are poorly done or never completed. Again, our attorneys will review your contract and loan agreements at no charge. Home Improvement Financing Fraud Home improvement contractors call on consumers who need work done on their homes. In many instances, the home improvement contractor also arranges for financing of the home improvements through "Sub-Prime Lenders". "Sub-Prime Lenders" will only lend money at extremely high interest rates. They may also use loan forms that violate the consumer's rights under the Truth in Lending laws. Let us see your home improvement loan papers to determine if a "Sub-Prime Lender" has violated your rights. Report Your Experience
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