From the New York Times Article, Two States Sue Bank of America Over Mortgages in December of 2010 – “Former employees said that Bank of America’s modification staff was “chaotic, understaffed and not oriented to customers,” according to a news release. One former employee said, “The main purpose of the training is to teach us how to get customers off the phone in less than 10 minutes.” “Another employee said, “When checking on a borrower’s status, I often found that…
Artikel-Schlagworte: „audit“
Bank Employees Start Coming Forward with Stories of Lies & Deceitful Acts Against Homeowners
Sonntag, 2. Januar 2011Bankers & Investors Planned to Profit off Your Predatory Loan.
Samstag, 16. Oktober 2010How does it make you feel to know that investors and bankers made huge profits off of you when you couldn’t make your loan payment? How does it make you feel to know that while you are struggling with a subprime loan (often called a predatory loan) there are bankers and investors who gambled on how much money they could make when you could no longer keep up those mortgage payments? Meanwhile, while they profit, your marriage, family and finances…
Statistics Reveal at Least Half the Foreclosures are Cured-Foreclosure Profitable to Banks
Freitag, 3. September 2010In most states, foreclosure is initiated after three payments have been missed. In most states, the beginning of foreclosure is a document known as the notice of default. It will be mailed to the property address, and often nailed to the door of the property as well. In some states foreclosure is judicial – meaning the process has to go through the courts, in other states foreclosure is non-judicial and can be done through a trustee, such as a title…
How Can I Stop Foreclosure with a Forensic Loan Audit?
Samstag, 21. August 2010When homeowners get turned down by the bank for a loan modification, a forensic loan audit is the essential tool to use in turning that around. Banks are not and never have been in the business of helping people; they are in the business of making money. The lender sees no good reason to give you a lower payment just because you are experiencing hard times. They are only interested in seeing the loan they gave you “perform” – which…
How Can You Tell If You Have a Predatory Loan?
Dienstag, 17. August 2010Tila Solutions Consultants are contacted every hour of every day by homeowners who are trying to understand what a predatory loan is and to determine if their loan is a predatory loan. They feel the need to make sense out of their downward spiraling financial situations that seems to be far beyond any ordinary financial struggles. They know things are not right. They know their mortgage seems to be too high, but they don’t know if they are the owners…
