For some time now the nation has been abuzz with the knowledge that more than 6 million loans issued over the past decade are predatory. Almost every homeowner who has attempted to work directly with his servicer to get their loan cleaned up (modified) has found that they’ve been lied to, stalled, cheated, mislead, and then foreclosed upon. Thus the Lenders have been labeled as predatory servicers. Now it has come to light that the foreclosure of these loans is also nothing but a pack of lies. Those are the predatory foreclosures. Tila Solutions has been using Forensic Loan Reviews or Forensic Loan audits for quite some time now to show the federal violations in loans and save homes. The use of forensics has been a powerful resource to stop foreclosure. View full article »
Tag Archive: fraud
By Caroline Taylor As the months pass and more and more homeowners have utilized Forensic Loan Audits to show that they are stuck in Predatory Loans, which they can never hope to repay, the crisis builds and builds for the banks. One such example of this crisis is a recent lawsuit where the Federal Home Loan Bank of Chicago sued BofA, Citigroup, Goldman Sachs, and Wells Fargo for the more than $3.3 billion in residential mortgage backed securities these banks sold them. In short, it seems the ... read more ->
When a homeowner is rejected for a loan modification by his lender, a Forensic Loan Review is the critical first step that he or she should take to resolve the situation. A homeowner does not have to wait until he needs to stop foreclosure to get a Loan Audit done. In fact, the wise homeowner does not approach his lender to request a loan mod until he has his forensic loan audit completed. View full article »
