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Real Estate & Property Law

: The Home Equity Theft Reporter

Bankruptcy Judge Hammers Mass. Money Lender Accused Of Predatory Practices In Piling Up Loan Charges, Wrestling Property Ownership Away From Borrowers

By r morris

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In Worcester, Massachusetts, the Worcester Telegram & Gazette reports:A loan repayment demanded at gunpoint, effective interest rates exceeding 41 percent and a near decade-long litany of coercion and strong-arm tactics left two borrowers ?between the proverbial rock and a hard place,? according to a federal judge?s ruling that comes down hard on a controversial Marlboro lending firm and its

Full post as published by The Home Equity Theft Reporter on July 06, 2009 (boomark / email).

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