What role do predatory lenders play in exacerbating foreclosure fraud during a cost of living crisis?

Predatory lenders exacerbate foreclosure fraud by preying on vulnerable homeowners with high-interest loans or refinancing deals. These exploitative practices worsen the financial burdens of individuals already grappling with the cost of living crisis, pushing them further towards foreclosure. Predatory lenders often target those with limited financial literacy or facing economic hardship, trapping them in cycles of debt and increasing the likelihood of foreclosure. As a result, vulnerable homeowners must remain vigilant against predatory lending practices, seeking reputable financial guidance and exploring alternative options to safeguard their homes and financial stability amidst challenging economic circumstances.