Legal

Ask a Lawyer and Get Answers to Your Legal Questions

Ask a Lawyer,
Get an Answer ASAP!

Legal

My lender being in areas on a loan of $130K for 30 years at

Customer Question
6^at the 8th year of...
My lender being in areas on a loan of $130K for 30 years at 6^at the 8th year of curing it by paying $780 p.m., after capitalizing a debt of $14000 in areas qualified me after a litigation procedures , accepting my hardship with a new loan for 40 years at the same interest ,imposing on me a new monthly instalment of $1230 this time under a new escro account including taxes and inflated insurance premoum. Mathematics prove that this new was going to cost me double at the end of pf the 40 years . .
My question is , is it a frauduland , a predatory loan and if it is what means i have to react . With a letter of mine I rescindent this refinancing one year later in view of an auction pending on Jan, 10 th.
Submitted: 10 months ago.Category: Legal
Show More
Show Less
Ask Your Own Legal Question
Customer reply replied 10 months ago
Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call. Let me know if you need more information, or send me the service offer(s) so we can proceed.
Answered in 1 hour by:
1/4/2017
Lawyer: Law Educator, Esq., Attorney replied 10 months ago
Law Educator, Esq.
Category: Legal
Satisfied Customers: 119,601
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
Verified
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
Unfortunately, if they reduced your premium and included arrears and interest/fee in the new loan PLUS extended you out to 40 years, then yes, the cost of this loan in the end is going to be a lot more than had you not been in arrears or made up the arrears and continued paying off the original loan in 30 years. It is not predatory if they are extending the number of years to 40 years which start from when you signed the new loan and incorporated the prior loan, arrears, interest and fees into the new loan I am afraid, since there are more costs associated with giving you the loan extension and incorporating the arrears.
However, there may be other clauses in your new mortgage agreement that may not be appropriate, but that would require a local consumer attorney to do a forensic audit of the mortgage agreement itself to determine if there are other grounds to attack the new loan.
Please do not forget to leave positive feedback by clicking on the 5 stars at the top of your page , as the experts are not employees of the site and get no credit for spending time with customers unless they leave positive feedback. Thank you.
Ask Your Own Legal Question
Ask Law Educator, Esq. Your Own Question
Law Educator, Esq.
Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
Satisfied Customers: 119,601
119,601 Satisfied Customers
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Law Educator, Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

8,775 satisfied customers

JD, BBA Over 25 years legal and business experience.

Ely

Ely

Counselor at Law

24,218 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

20,218 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

119,601 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo J. Senmartin, Esq.

Guillermo J. Senmartin, Esq.

Attorney

287 satisfied customers

7+ years of experience handling various legal matters.

< Previous | Next >

Related Legal Questions
HO2 and Wind policies in place and premiums paid with Trust
HO2 and Wind policies in place and premiums paid with Trust as named insured. Deed recorded in FL naming three co-partners/equal shares. Insurance carriers require new application for each policy. How… read more
INFOLAWYER
INFOLAWYER
Attorney
Doctoral Degree
20,218 satisfied customers
My employer did not take my insurance premium out of my
My employer did not take my insurance premium out of my check when I started working there. They were to take $300 every two week or $600 a month. I will admit I didn't look at my check close enough. … read more
Olivia Kent
Olivia Kent
Managing Partner
Doctoral Degree
1,464 satisfied customers
I have been with a premium auditing company for 3 years, the
I have been with a premium auditing company for 3 years, the first 6 monts or so was training pay, then went to production, the supervisor did not explain how to get paid for certain time on jobs. At … read more
Damien Bosco
Damien Bosco
2,998 satisfied customers
This is an Insurance law Question. An insurer appointed a
This is an Insurance law Question. An insurer appointed a law firm to represent the insured. The Attorney claims he is representing both the Insurer and the Insured. … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,967 satisfied customers
I am a litigation secretary at a law firm and started on
I am a litigation secretary at a law firm and started on August 14, 2017 and was told verbally that I would need to go online and enroll in my medical benefits by September 7, 2017. At the end of Augu… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,967 satisfied customers
Can I sue the court appointed forensic psychologist in small
Can I sue the court appointed forensic psychologist in small claims court if he is family, creating conflict of interest and wont recuse himself nor will the judge remove him? … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
119,601 satisfied customers
Civil litigation: building contractor, mechanic lien, 2009.
Civil litigation: building contractor, mechanic lien, 2009. Multiple court dates extended, fired my attorney, filed pro se to dismiss for lack of prosecution after 2 1/2 yrs no communication after agr… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,967 satisfied customers
I was a trustee/defendant in a probate litigation. The
I was a trustee/defendant in a probate litigation. The plaintiff's attorney accused me of staging a burglary. The police in that jurisdiction conducted a thorough investigation and found that the burg… read more
Olivia Kent
Olivia Kent
Managing Partner
Doctoral Degree
1,464 satisfied customers
A former employee of a small commercial loan brokerage
A former employee of a small commercial loan brokerage terminated his relationship with company over 7-years ago before an earned commission was paid to the brokerage. The commission was not paid at l… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,967 satisfied customers
My employer just told me I have been getting a premium
My employer just told me I have been getting a premium overpayment since 2008. They are adjusting my salary which amounts to about $400 per month. Is this legal? What are my options … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
119,601 satisfied customers
I have a question for a lawyer that has Financial Litigation
I have a question for a lawyer that has Financial Litigation Unit expertise with Federal Restitutions. Thanks … read more
Michael Bradley
Michael Bradley
JD
1,131 satisfied customers
On account of the active litigation between yourself and my
On account of the active litigation between yourself and my client, please stop sending email, faxes, or other correspondence to New York Life employees and agents.It is inappropriate for you to attem… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,198 satisfied customers
My life insurance company canceled me although my premiums
My life insurance company canceled me although my premiums were paid up to date. They claim I did not answer a survey they said they sent, yet I never saw. Now they want nearly a 4th as mush as the po… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,967 satisfied customers
An insurance agent is making personal loans to his customers
An insurance agent is making personal loans to his customers using a third party's money (a wealthy family member). This is being done with state or federal knowledge. Is this illegal. The state is In… read more
Ray
Ray
Lawyer
Doctoral Degree
30,268 satisfied customers
I live in ohio!! On 5/15/17 I paid my insurance premium that
I live in ohio!! On 5/15/17 I paid my insurance premium that was behind .... and caught it up to date.. 13 days later , on the 28 I had another premium due but apparently it was never received... on 6… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
119,601 satisfied customers
Home insurance question. I have paid premium since 2013.
Home insurance question. I have paid premium since 2013. First time I file a claim in for roof damage denied because of faulty construction. If they cant insure me they should have told me from the be… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
My homeowners insurance co increased my premium from 1186.00
My homeowners insurance co increased my premium from 1186.00 to 6900.00 March of 1916. I received no notice of this increase before March of 1917. Too late to cancel that policy. I had called and the … read more
INFOLAWYER
INFOLAWYER
Attorney
Doctoral Degree
20,218 satisfied customers
My employer my health insurance premiums. But not everyone
my employer doubled my health insurance premiums. But not everyone just a few of us woman ... is this legal? … read more
Bill Attorney
Bill Attorney
law
1,422 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x