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About Us - Lucas Law Firm
You might never have heard of the Lucas Law Center, but the attorneys for Countrywide have, and so have the attorneys for Wells Fargo, First Federal, Litton, Ocwen, Washington Mutual, America's Servicing Company,, and many other large scale lenders and servicers. We are also known by many of the so-called "hard money lenders" who have taken advantage of our clients.
Anyone who's been reading the newspapers, watching the television, or getting the latest news from any source is well aware of the huge amount of foreclosures currently taking place in states like California where the lending industry has been putting borrowers with little or no ability to repay into monumental debt. Lenders and brokers have spent the last few years taking advantage of home owners by providing teaser rates and pay option loans. The lenders and brokers knew these loans were too good be true, and the borrowers weren't told the truth.
For example, the two-year fixed teaser rates are now changing to the adjustable rate, and homeowners are seeing their mortgage payments double. We have clients who have been paying two thousand dollars a month see their new statement demanding payment of four thousand dollars a month. There's no way they can afford the new payment, and they quickly find themselves facing foreclosure. Meanwhile, the broker made a large commission and the lender has been collecting a high interest rate in the form of the negative amortization.
The Lucas Law Center is dedicated to handling clients who have fallen victim to predatory lending, or simply put into the home of their dreams with the loan of their nightmares. We take pride in knowing that we are able to protect our clients' most valuable asset... their home.LucasLawCenter.com.
