The Ills of Predatory Lending Continue for Wisconsin Homeowners – Milwaukee Predatory Lending and Bankruptcy Attorneys DeLadurantey Law Office, LLC

by DeLadurantey Law Office, LLC on August 9, 2013

Bank frontBillion dollar settlements by major U.S. banks gave hope to U.S. homeowners that illegal foreclosures of their homes would immediately stop.  That their homes would be saved from unscrupulous lenders, and their financial problems caused by one of the largest recessions in U.S. history would end.  It hasn’t.

Many Wisconsin courts have sided with homeowners in deciding lawsuits against predatory lenders.  For example, since 2010, the Wisconsin Court of Appeals has upheld lower court holdings that foreclosures were illegal when predatory lenders could not produce the paperwork tracking the homeowner’s loans.  The reality, however, is far too many homeowners still find they are caught up in unnecessary red tape and think it is easier to just walk away from their homes, than to wage a legal battle against fraudulent home lenders.

“When it comes to home foreclosures, suspicious activities and irregularities are more the norm, than the exception,” said Nathan DeLadurantey, a founding member of the Milwaukee Law Offices of DeLadurantey Law Office, LLC.  In 2012, a review, of almost 400 randomly sampled foreclosures filed between January 2009 and October 2011 in the County of and city of San Francisco, found 99% had irregularities and 84% showed “suspicious activities indicative of potential fraud.”  In the last decade, up to 200 thousand property owners have been sued for foreclosure in Wisconsin.

If your home has been or is in danger of being foreclosed, contact the “Milwaukee Foreclosure and Bankruptcy Attorneys,” DeLadurantey Law Office, LLC.   DeLadurantey Law Office, LLC focuses on Chapter 7 and 13 bankruptcy, debtor’s rights, debt negotiations, debt relief, mortgage loan modifications, and foreclosure defense.  A “defender of the little guy,” DeLadurantey Law Office, LLC serves the following location – Bayside, Brookfield, Cudahy, Franklin, Glendale, Greendale, Greenfield, Muskego, New Berlin, Oak Creek, Oconomowoc, Pewaukee, River Hills, South Milwaukee, St. Francis, Waukesha, Wauwatosa, West Alis, Whitefish Bay, and adjacent areas.

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