It may be a new year, but the banksters sure haven’t changed at all. Bankruptcy and foreclosure are still at record highs and homeowners are continuing to be taken advantage of by predatory lenders filing predatory and illegal foreclosures against them. It can feel like there is no hope, but what many people don’t realize is that if it wasn’t for the lenders insistence in approving predatory loans, they wouldn’t be in this situation.
Now that people are more aware of the unethical and criminal actions of lenders like JP Morgan Chase, Bank of America, Wells Fargo, GMAC and others, predatory loans being issued have started to slow down somewhat. This is because these predatory lenders have decided to move on to greener pastures where consumers aren’t yet aware of their wrongdoings. This is why the lenders have increasingly begun to engage in predatory foreclosures in order to increase their profits, not to mention function as a smoke screen in order to help cover up the massive amounts of mortgage fraud they have committed that have led countless homeowners towards bankruptcy and foreclosure.
One of the most flagrant crimes predatory lenders have been engaging in these past several years has been their failure to properly securitize home loans. This has led to a massive spike in illegal and predatory foreclosures across the country. When a home loan goes through securitization, the title is separated from the loan in order for the mortgage to be bundled together with other mortgages and sold and traded as a security, in the same way stocks and bonds are bought and sold. An estimated 85% of home loans that were approved over the last 10 years have been put through this process.
There is nothing wrong with the process itself, but the problem came when the banks not only followed the process correctly, but they also began to pick out loans that they knew were bad, bundled them together, and then sold them as a “safe” investment. Not only was this a blatant example of mortgage fraud, but since the securitization process was not properly followed, that means if your lender is trying to foreclose on your home, they may not have any legal right to do so making it an illegal foreclosure since it is now impossible to tell without a securitization audit who actually possesses the title.
This is why if you need foreclosure help, you should not hesitate to contact Tila Solutions to give you the foreclosure help you need. For over a decade, Tila Solutions has been looking out for the homeowner with their forensic loan audits and securitization audits. If you need help stopping foreclosure, a Tila Solutions Consultant is available by telephone at (702) 508-0335. Or you can visit the Tila Solutions website at bankruptcy and foreclosure.
Now that people are more aware of the unethical and criminal actions of lenders like JP Morgan Chase, Bank of America, Wells Fargo, GMAC and others, predatory loans being issued have started to slow down somewhat. This is because these predatory lenders have decided to move on to greener pastures where consumers aren’t yet aware of their wrongdoings. This is why the lenders have increasingly begun to engage in predatory foreclosures in order to increase their profits, not to mention function as a smoke screen in order to help cover up the massive amounts of mortgage fraud they have committed that have led countless homeowners towards bankruptcy and foreclosure.
One of the most flagrant crimes predatory lenders have been engaging in these past several years has been their failure to properly securitize home loans. This has led to a massive spike in illegal and predatory foreclosures across the country. When a home loan goes through securitization, the title is separated from the loan in order for the mortgage to be bundled together with other mortgages and sold and traded as a security, in the same way stocks and bonds are bought and sold. An estimated 85% of home loans that were approved over the last 10 years have been put through this process.
There is nothing wrong with the process itself, but the problem came when the banks not only followed the process correctly, but they also began to pick out loans that they knew were bad, bundled them together, and then sold them as a “safe” investment. Not only was this a blatant example of mortgage fraud, but since the securitization process was not properly followed, that means if your lender is trying to foreclose on your home, they may not have any legal right to do so making it an illegal foreclosure since it is now impossible to tell without a securitization audit who actually possesses the title.
This is why if you need foreclosure help, you should not hesitate to contact Tila Solutions to give you the foreclosure help you need. For over a decade, Tila Solutions has been looking out for the homeowner with their forensic loan audits and securitization audits. If you need help stopping foreclosure, a Tila Solutions Consultant is available by telephone at (702) 508-0335. Or you can visit the Tila Solutions website at bankruptcy and foreclosure.