Homeowners all over the country are hurting as big financial institutions are claiming to be setting up a Loan Mod for them, only to end up in foreclosure. These homeowners often feel ripped off and don’t know how to turn it around. They have no idea how to put an end to a foreclosure. Unfortunately, they often don’t know that the foreclosure may not be lawful- that is until they find Truth in Lending Auditors.
The federal laws that protect consumers have been violated for the last 10 years TILA, RESPA, HOEPA, and ECOA. Search for tila2 in your Google to find out more in regards to these laws, this will take you to Truth in Lending Auditors. You will also find out about how 79% of the mortgages issued in the past 10 years have been fraudulent. Tila2 will show you how the bank has violated many laws with their forensic loan audit. The info provided will explain a lot of the reasons why our nation’s foreclosure rate has been so high.
Tila2 truly educates the homeowner and makes him aware of the power he has with his loan documents, once he gets forensics done. A properly done Forensic Loan Audit will show the bank the real hardships with the loan. Interestingly, they are the hardships the bank is now going to have because the bank was the issuer of the loan. All the homeowner did was sign what he was told was a good loan for him. It is so often the reason that borrowers will feel the word “scam” come to mind. They trusted the bank, and now it turns out the bank violated the laws.
A predatory loan is best described as a loan that put a borrower on the road to foreclosure the moment he signed the documents. Homeowners are faced with trying to keep their home despite their predatory loan. Sadly, the Bank’s loan preys upon them, and eventually consumes them.
Consumers usually tell Truth in Lending Auditors, as they learn more about these predatory Loans that their lender’s false hopes of a loan mod were really just another scam. And, why wouldn’t they feel this way: thousands of consumers were assured they would get a loan mod, only to be told at a later date that it wasn’t going to happen. The lender had decided to foreclose instead. Usually because the lender found that foreclosure would make them more cash.
Something important to know about Truth in Lending Auditors is that they have a fee service for consumers who have gotten forensics from them. Tila2 will help the borrower with negotiations for new terms on his loan using the Forensic Loan Audit. Consumers usually don’t understand what they can do with the forensics, which is the main reason why the staff at Tila2 provides the service free of charge. When you show the lender the Forensic Loan Audit and all the predatory lending red flags in your loan, the lender often changes their mind and becomes more willing to negotiate.
Truth in Lending Auditors is an organization that can help you. The staff at Tila2 knows predatory lending practices can drain you and know how to prevent this from happening using forensics.
For more info or queries about Truth In Lending Auditors please visit the Truth In Lending Auditors team at www.tila2.com
categories: Foreclosure,Predatory Lending,Loan Mod,Mortgages,Loans,Financial,Banks
Tags: banks, financial, Foreclosure, Foreclosure/Repossession, loan mod, loans, Mortgages, Predatory Lending