Sub-Prime Slime

This page will provide general legal information about SUB-PRIME SLIME LOANS (2/28 ARMS AND 3/27 ARMS) AND HOW YOU MAY BE ABLE TO CHALLENGE THESE TYPES OF LOANS THAT ARE, IN MANY CASES, SET UP TO FAIL (DEFAULT) AND LEAD TO FORECLOSURE. All information contained on this website is general in nature, and should not be construed as legal advice or a substitute for legal advice. Although we have tried to be as accurate as possible, the following information may be inaccurate, missing some information, or outdated – as law can frequently change or become modified. If you have questions about your case, please contact a foreclosure defense or bankruptcy lawyer in your area. Please note, comments posted to this blog and emails sent to us are NOT confidential and do not create an attorney-client relationship.

SUB PRIME SLIME is essentially treated the same as all the other predatory loans.  Typically we audit the loan file looking for loan non-compliance and predatory lending indicators, and if valid claims exist, you may have grounds to file a lawsuit seeking money damages, an injunction, rescission, and potentially punitive damages and attorney fees.  It is well known that the major financial institutions targeted the elderly and minorities in seeking to “steer” these homeowners into toxic and predatory sub-prime loans including option arm loans that were literally underwritten to result in payment shock, default, and foreclosure while being highly-profitable for the lenders.