The Andres Lopez Law Firm

September 2015 Archives

City of Miami predatory lending suit against big banks revived

In the years since the housing bubble burst in the U.S., leading to thousands of Florida residents losing their homes to foreclosure, many people have been searching for who was responsible. Some people say the system was simply rigged against average homeowners, but others, including the City of Miami, blame banks for encouraging people to sign up for predatory loans like adjustable-rate mortgages.

How foreclosure hurts Florida renters too

We speak frequently in this blog about Florida’s continuing foreclosure problem, which is improving but still worse than in most of the rest of country. When we discuss foreclosure, we usually focus on its impact on homeowners, who must leave their houses and find a new place to live with a severely impacted credit rating.

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