In Brooklyn’s current real estate market, it is important to be on the lookout for predatory lenders trying to make a quick buck off trusting homebuyers.  Educated consumers can avoid being victimized by keeping the following guidelines in mind:
	Bring your own lawyer with you to handle transactions and paperwork.  Do not use the lenders lawyer. Use common sense: if something looks too good to be true, it probably is. Read everything very carefully.  Do not agree to a deal verbally; get everything in writing. Do not agree to falsify information pertaining to your income and your expenses. Don’t sign a blank document or a document containing blank spaces to be filled in for you later. Try to be as informed as possible, and don’t let anyone convince you to take out a bigger loan than what you need.
	If you feel that you have been a victim of predatory lenders, contact the Attorney General’s Office or the District Attorney’s Citizen Actions Center at (718) 250-2340.
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