Tuesday, March 22, 2005

Clinic to help consumers thwart predatory mortgage lenders

Hidden costs, exorbitant fees, prepayment penalties and high-pressure sales tactics are some of the ways "predatory" mortgage lenders take advantage of desperate or unwitting homeowners.

Consumers can learn those and other hallmarks of predatory loans to avoid being snookered during Consumer Finance Awareness Day set for 10 a.m. to 3 p.m. April 1 in the main lobby at the City County Building, Grant Street, Downtown.

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