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: „Loan Mod“
Bank Employees Start Coming Forward with Stories of Lies & Deceitful Acts Against Homeowners
Sonntag, 2. Januar 2011Homeowners Must Take A Stand With Forensic Audits and Assignment Audits
Samstag, 18. Dezember 2010Last week the several major newspapers released the news that Bank of America was finding “errors” in the paperwork. The Bank claimed that they found maybe 10 to 25 errors in the first 100 files reviewed; of course many are concerned over the bank’s inability to say if it was ten or eleven, or twenty-five. This week, despite their admittance of “flawed foreclosures” (that’s just a pretty word for predatory foreclosures or fraudulent foreclosures) they announced that their Foreclosure Frenzy…
Lenders are Responsible for Predatory Foreclosures
Samstag, 13. November 2010Today’s predatory lenders are responsible for predatory foreclosures. While the lenders spend month after month pretending to modify your loan, they can and do ramrod foreclosures through at record speeds, and why? Because they don’t bother to follow the laws, regulations or guidelines when foreclosing. Predatory lenders passed out predatory loans for more than a decade, now they are actively engaged in predatory foreclosures. As has been made clear by a number of studies, news releases and private sector companies:…
Illegal Foreclosures are Opening Loan Mod Doors
Sonntag, 7. November 2010Let’s take a look at some of the more common illegal foreclosures: 1. The lender who is foreclosing on you is not the lender on your deed of trust. This is ok if all the proper assignments are recorded. Of course, the lenders set up MERS and very few loans have the proper chain of title. If this has happened to you, then you need to consider getting a Securitization audit to track the deed of trust, and to track…
Bank of America and GMAC to Resume Foreclosures
Samstag, 30. Oktober 2010Last week the several major newspapers released the news that Bank of America was finding “errors” in the paperwork. The Bank claimed that they found maybe 10 to 25 errors in the first 100 files reviewed; of course many are concerned over the bank’s inability to say if it was ten or eleven, or twenty-five. This week, despite their admittance of “flawed foreclosures” (that’s just a pretty word for predatory foreclosures or fraudulent foreclosures) they announced that their Foreclosure Frenzy…
Bankers & 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…
Why Are You Listening to Your Lender?
Dienstag, 7. September 2010Looking around on the internet, one very clear statement comes across – Lenders lie to homeowners. Why are you listening to your lender? The most common lie is that the lender really wants to help you, and is working on a loan mod for you, but actually he is just stalling while he waits for the foreclosure to complete. Tila Solutions saves homeowners from these lies every day. Tila Solutions conducts forensic loan reviews for homeowners. Tila then helps them…
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…
Your Lender is Not Your Friend
Mittwoch, 25. August 2010Once you have missed a payment the lender is not your friend. Missed payments equal more money for the lender. The more the lender gets, the happier he is. The best way for the lender to get more money out of you is to increase your monthly payment through accrued interest from late payments or missed payments, late fees and penalties. It is a real money maker for the lender. This has always been a fact and all homeowners know…
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…
Are You a Victim of Bank Perpetrated Fraud?
Mittwoch, 18. August 2010By Ryan Forsythe Often the people who come to Truth in Lending Auditors feel that they have been the victim of fraud perpetrated by the banks. The type of fraud that now has them in foreclosure, and desperately trying to get a loan mod. They often feel that the bank or broker ran a scam on them. They feel betrayed and untrusting. Often this distrust will prevent them from taking any action at all. Sadly, They’ll lose their home to…
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…
Predatory Servicing Practices are Causing Many to End up in Foreclosure
Donnerstag, 12. August 2010Thousands of people are losing their homes to foreclosure or filing bankruptcy to prevent the loss of their home through foreclosure every month. In fact, recent reports from industry insiders are claiming that there are more than 7,000 bankruptcies being filed each day, while some have projected that big banks like BofA and Wells Fargo could be releasing as many as 25,000 homes to foreclosure proceedings by December of 2010. In many instances homeowners have been led down a not-so-merry…
