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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] No, I don't see any egregious terms whatsoever.... Posted by Ward-CA- on February 23, 2004 at 11:09 PM In Reply to: Predatory Lending?? posted by Lughead on February 23, 2004 at 2:49 PM : ward : would not the deed of trust border on predatory lending issues?? ====================== It's hard to see how this bridge loan would violate any proscriptions in CA's predatory loan statute. There are no fees or charges of any kind with the exception of 6% simple interest. The loan will cure the foreclosure and allow the owner to salvage 50% of her equity that would be otherwise lost to foreclosure. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : ward : : would not the deed of trust border on predatory lending issues?? : ====================== : It's hard to see how this bridge loan would violate any proscriptions in CA's : predatory loan statute. : There are no fees or charges of any kind with the exception of 6% simple interest. The loan will cure the foreclosure and allow the owner to salvage 50% of her equity that would be otherwise lost to foreclosure. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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