The entire Robo Signing Epidemic
Because all the people know, billions of Americans are really struggling alongside a particular epidemic of foreclosures sweeping the actual nation. Right now there happens to be a a good deal of evidence uncovered that a few of the biggest banks aren’t actually “having to pay attention” before the two sign legal affidavits stating which they come with personal knowledge associated with the documents which will certainly wrongfully foreclose on individuals plus force them from their dwellings.
Truth be told, it happens to be even worse than that, thousands of foreclosure documents a day are really being signed without having additionally been looked at by real bank officials -- a practice predatory loan providers utilize termed as “robo signing.”
Big banks for instance Bank of America have admitted in order to apply robo signers in order to signal off on thousands of foreclosures, many of them fraudulent. 1 such case saw a former teacher from Tampa, Florida whom had purchased his condo and even paid his mortgage every single month being foreclosed on due to being able to many of these robo signing practices. The banks had fraudulently securitized his mortgage, plus documents turned into lots, now whenever his loan at long last ended up at Bank of America, he ended up being served alongside a foreclosure see.
Right now there happen to be many details you could do in the event you are really a target of mortgage loan fraud inside the shape of a robo signer. We should investigate having a forensic audit plus a securitization audit performed on your mortgage loan. Many of these audits will certainly analyze your individual financial and in addition determine generally if the bank has overcharged a person, given us an interest rate which is a lot higher than it should be, and / or in case you usually are a target of a robo signer or various mortgage scams.
Big banks, including Bank of America, are generally not merely predatory loan providers, however they have become mortgage loan factories, certainly not having to pay attention or simply following the entire rules and also just doing precisely what they can certainly that would push as a great deal of documents by, irrespective of their legality. This particular shocking deficiency of awareness or perhaps caring which their unlawful practices currently have been forcing a wide range of difficulty doing work Americans of their homes in the shape of wrongful foreclosures has created chaos in the housing industry.
A specific worker from GMAC has admitted that he had finalized off on documents for over 10,000 foreclosures a month without having even searched for them. By having a securitization audit or perhaps a forensic audit performed anyone can learn in the event that you had been a victim of this process and in addition then take lawful action up against the bank.
Once the two are threatened with lawful action, lots of banks might eliminate foreclosure proceedings in order to review their treatments. The particular looming specter of the lawsuit against many of these predatory lenders furthermore provides them more bonus in order to negotiate alongside borrowers thus it happens to be probable that would renegotiate the particular terms of the loan and additionally receive a lower rate of interest, then additionally receive a refund on interest you may have already paid.
This is a lot more better to be able to a bank than to be sued specifically in the event you have evidence from a forensic audit and / or securitization audit that would in return up your claims.
Banks which include being diagnosed within participating with regard to robo signing include Bank of America, Wells Fargo, GMAC, JP Morgan not to mention OneWest Bank. In case your mortgage had been with any of these banks, odds tend to be at a bunch of paint your own dwelling documents have been included in robo signing as well as looking into a forensic or perhaps securitization audit will be a quality option to protect yourself plus your individual home from a wrongful property foreclosure.
Tila Solutions investigates for fraudulent signatures (robo signing) within both their forensic audits and in addition their securitization audits. If you want to stop foreclosure, contact Tila Solutions for a securitization audit today. Tila Solutions have been helping homeowners for over a decade stop foreclosure with their securitization audits. You should contact them at 702 508 0335 and inquire about robo signing. Or you can visit the Tila Solutions website at Foreclosure defense attorney.