What should I do if I am interested in purchasing a home?
Set up an appointment at your local nonprofit housing counseling center. A counselor can help you check your options and enroll you in a free home buyer's workshop.
Hire an independent inspector to make sure the house is in good condition.
Have a lawyer or a housing counselor examine the purchase agreement and all other documents before you sign anything.
If you do not qualify for a legitimate mortgage, watch out for housing scams. It is better to save your money, establish your credit, and qualify for a legitimate mortgage loan rather than dive in before you're ready.
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What can I do if I see predatory lending terms or practices on my mortgage loan?
If you see any predatory mortgage lending practices, you can always choose not to sign the papers. If you have any doubts, walk away from the loan closing.
If you have already signed the papers, you may have the right to cancel the mortgage loan. The right to cancel generally applies to most mortgage loans on your home used for a personal, household, or family purpose. It does not apply to home purchase loans, business, or agricultural loans.
The window of time is within three business days (including Saturdays) of the loan closing. You must cancel in writing before midnight of the third business day. Keep a copy of your cancellation and the proof that you mailed the notice within the three-day period.
If the three-day cancellation period passed, seek legal advice as soon as possible. A lawyer will determine whether you may have any potential legal claims.
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Who should I contact if…:
Who should I contact if I, or someone I know, is a victim of a housing scam?
Call a private lawyer, the Atlanta Legal Aid Society, or the Georgia Legal Services Program immediately.
Atlanta Legal Aid Society: (404) 524-5811
Atlanta Bar Referral Service: (404) 521-0777
Georgia Legal Services Program (For residents outside of the Metro Atlanta Area): 1-800-498-9469
Georgia Senior Legal Aid (For Seniors, age 60 or older): 404-389-9992
Who should I contact if I want to make a complaint about a mortgage lender, mortgage broker, or home improvement contractor?
Contact these agencies to make a complaint:
Georgia Department of Banking and Finance Mortgage Lender and Mortgage Broker Licensing Division:(770) 986-1269
Governor's Office of Consumer Affairs: (404) 651-8600
Federal Trade Commission: (404) 656-1399
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