Sunday, February 12, 2012

: Don’t be the Victim of a Predatory Loan

Ads Title*:Don't be the Victim of a Predatory Loan
Ads Description*:We hear a lot of the term predatory loan, but don't think too much about it. When you hear predatory loan, if you are like most people, you think it is just something that happens to "other people." You would know if you were trapped in a predatory loan right? There are rules that banks have to play by and if you are with one of the major lenders, such as Bank of America, JP Morgan Chase, Wells Fargo, US Bank or GMAC then you couldn't be in a predatory loan could you? Someone would obviously notice, right?

Wrong. Millions of Americans have been trapped into predatory loans by those very same lenders without even realizing it, or thinking that these lending solutions had some sort of integrity that would protect consumers. The cold hard facts are that JP Morgan Chase, Bank of America, Wells Fargo, GMAC, US Bank just to name a few are guilty of predatory lending practices and knowingly and willfully approved home loans that they knew the borrower had no way of keeping up with the monthly payments on. Combine that with hidden fees and higher than normal interest rates, and you have a textbook example of predatory lending that millions of Americans have unknowingly fallen victim to.

Being the victim of a predatory loan is incredibly stressful and emotional. A lot of people don't think that there is anything they can do, that they don't have any way to possibly fight back against these Goliaths of predatory loans. There is a way to fight back, however. And that is by having a forensic document review performed on your loan documents to determine if your home loan is a predatory loan or not.

A forensic document review, such as a forensic loan audit, will make sure that your home loan is in compliance with all state and federal predatory lending laws such as RESPA, HDMA, FHA, TILA, and ECOA regulations. You might be shocked to know that nearly 80% of all mortgage loans have multiple violations at both the state and federal levels. If there are any of these violations present in your mortgage, then a forensic document review will be able to find it, going carefully through each and every document as if it was searching for a needle in a haystack to determine if you have fallen victim to these predatory lending practices.

Lost documents, improper notices, incorrect appraisals and other increasingly commonplace violations mean that there are a large number of mortgage loans that are legally unenforceable. Having forensic document reviews performed on your loan could potentially help you fight back against your lender. This is why if you think you might be trapped in a predatory loan, you should not hesitate to contact Tila Solutions to give you the 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 foreclosure loan.
Website:http://www.tila-now.com/
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