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Every year homeowners and prospective homebuyers fall victim to predatory lenders. The elderly and minority and low-income families are most likely to be caught in the web of deceptive negotiations, "bait and switch" tactics and lasting financial difficulties.
Abusive lending practices have become a prevailing problem in many communities, threatening to strip financial security from borrowers who are trying to enjoy the benefits of economic prosperity.
How to Avoid Predatory Loans
How do you avoid falling victim to predatory lending and the ensuing financial problems? Learn how to identify the signs of a predatory loan. Predatory lending can be identified by misleading marketing and sales practices, non-disclosure of all terms that relate to the qualification and payback of the loan, and falsifying documents to gain loan approvals. Predatory lending is more times than not unregulated and sometimes extends across income and racial backgrounds.
Listen to our Anti-Predatory Loans Announcements:
 English or Spanish .
If you or someone you know is a victim of Predatory Lending, or may be in danger of losing their home, call the Miami-Dade Anti-Predatory Lending/Foreclosure Prevention helpline at 786-331-5348.
For victimized homeowners, we can help with:
- Referrals to Legal Services
- HUD-certified foreclosure prevention counseling
- Financial assistance for qualified predatory lending victims
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How to Apply for Help
In addition to contacting the Anti-Predatory Lending/Foreclosure Prevention helpline, homeowners should gather the following documents for intake:
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About The Anti-Predatory Lending Program (APLP)
Miami-Dade Anti-Predatory Lending Program was created to increase the public’s awareness of Predatory Lenders and their practices; to educate the entire community about available resources and financial alternatives; and to empower homeowners with the knowledge to make informed financial decisions that will help them “keep their homes”.
As the lead agency for the Miami-Dade County Anti-Predatory Lending Initiative, the Housing Finance Authority of Miami-Dade County coordinates periodic workgroup meetings comprising of Local, State and Federal agencies, Legal Services and Legal Aid, local housing non-profits, CDC’s and banks. The APLP works cooperatively to address community concerns about predatory lending and to reduce the home foreclosure rate throughout Miami-Dade County.
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