Consumer alert - Eastern Savings Bank in Hunt Valley Maryland is a Predatory lender. We are hoping to gather enough victims of this company to initiate a class action lawsuit. This company has been preying on the vulnerable for far too long. They routinely charge interest rates above 12 and 13% They also are involved in creating prepayment penalties that may violate many state statutes.
With the current state of the economy and the thousands of Americans facing foreclosure this company stands out as one of the worst. They appear to not agree to modify loans they refuse to work with homeowners and have been known to treat them with disrespect and a cold calculating manner. They appear to be going after the properties rather than working with homeowners in an effort for them to stay in their homes.
If you are a victim - let us know - state your case here and provide info to join in the pending class action lawsuit. We are looking at something similar to the class action suit filed against Countrywide. Eastern Savings certainly appears far worse than CW.
The federal government should be made aware of this federally insured bank and the tactics they utilize to take people homes! People need to take a stand against banks that refuse to modify loans and at least give people a chance!
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