Subpimelenders

We have recently seen foreclosures in NC at an all time high and many subprime lenders that are closing their doors. My first piece of advice is to be extremely careful when dealing with a subprime lender. You really should understand all your costs and make sure that you can afford to buy the home. If you are already stuck in a bad situation and feel that there were abusive lending practices involved, you can contact the Financial Protection Law Center which is a non-profit organization devoted to advocacy against predatory lending, including the provision of high-quality legal services to loan borrowers who have encountered abusive lending practices. They can be contacted at 910-442-1010. Finally, be aware that a distressed home is a perfect target for many scammers who have no interest in helping you. See the link to an article from the News & Observer on the “We buy homes” scam.