Last 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. [...]
Bob Chapman said it best in his recent article, The mortgage Securitization Scam, “Only the owner of the loan can file. Thus, many of the titles are now subject to fraudulent conveyance. This means that foreclosure proceedings could be subject to legal challenge. Another question is could the foreclosures done since 2007 be nullified? How [...]
Banks are not above the law, but they will try to operate as if they are. Here’s the latest: Bank of America has claimed that a couple from Indiana really doesn’t have a case against them for robo-signed foreclosure documents. Why? Because the family, according to BofA, didn’t try to do anything to stop the [...]
Today’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 [...]
Let’s take a look at some of the more common illegal foreclosures: 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. [...]
Last 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. [...]
Once 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 [...]
Tila 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 [...]
Looking 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 [...]
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Name: Sean