Well, today I'll finish up with the last two TIPS for consumers on avoiding predatory lending practices. As mentioned at the beginning of this series, most lenders are ethical and strive to match the best available loan with the individual borrower. However, there are some who just want to pad their own pockets with no regard whatsoever for the consumer.
We believe it is a vital part of our job as REALTORS to look out for our customers each step of the transaction, and that certainly includes the "money" portion. Now, on to Tip #7:
READ CAREFULLY BEFORE YOU SIGN - Don't sign any document you haven't read or one that has blank spaces to be filled in after you sign. Don't be pressured into signing any loan papers that you do not understand. If you need an explanation of any terms or conditions, talk to someone you trust, such as an attorney. Get copies of everything you sign.
ABOUT THE BLOG OWNER
TIMOTHY H. FENNELL, PA
Tim Fennell is a Florida licensed Real Estate Broker with Legends Land and Realty, Inc. in Jacksonville, Florida.
His strong background in business development, real estate investments, counseling and marketing greatly enhance his skills as a Listing and Internet Marketing Specialist.
Tim and his wife, Susan, have over 30 years experience in Jacksonville Real Estate sales, marketing and investing. Both are Accredited Consultants in Real Estate (ACRE®). When you're ready to be consulted with, rather than sold to, give Tim and Susan Fennell a call.
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