Due to the dismal economy, more and more people have relied on lending agencies in order to maintain monthly mortgage payments. Unfortunately, this has led many dishonest people to take advantage of this need, and the result has been the practice of “predatory lending.”

Predatory lending is any unethical or fraudulent practices by a lender during the loan process. A lender deceives a borrower during the loan process, putting the borrower at serious risk of default to banks or mortgage companies.As a result, most borrowers are in the dark about how much money they actually owe, leading to a growing number of foreclosures, especially in the state of Florida.