Fight Back Against Predatory
Bankruptcy and foreclosure is a plague that is affecting millions of homeowners
nationwide. Foreclosure rates are at record highs, and many people are being left hung
out to dry by their lenders, thinking the only options they have will be to lose their home
to foreclosure and then file for bankruptcy. What a lot of people don’t realize is that they
are only in that situation because of the banks’ blatant approval of issuing predatory
Over the last decade, the greed of lenders has spiraled out of control, and we are
constantly seeing new examples of how they deliberately put homeowners into bad
situations by approving predatory loans that they were well aware the homeowner would
not be able to keep the payments up for. Their greed did not stop there, however.
Predatory loans were not enough, they felt the need to engage in predatory foreclosures
as well in order to not only increase their profits, but to cover up the massive amounts of
mortgage fraud they had been committing.
As a way to increase profits, banks would put mortgages through a process known as
securitization. This is a process where the title is separated from the home loan so that
the loan can be traded and sold as a security, in the same way stocks and bonds are traded
on the open market. It is estimated that nearly 85% of all home loans issued in the last 10
years have gone through this process. Banks would cherry pick and bundle together
loans they knew would end up defaulting and then sold them as a “safe” investment. Not
only did they commit a massive amount of fraud by doing that, but they also failed to
properly follow the securitization process. This means that if your lender is attempting to
foreclose on your home, they may not actually have any legal right to since they lost
track of who actually possesses the title. If this has happened to your mortgage, then any
foreclosure you are facing may be an illegal foreclosure.
The best way to stop one of these illegal, predatory foreclosures is to obtain a
securitization audit on your home loan. A securitization audit is a forensic audit that will
examine all of your home loan documents and discover if you home loan was securitized,
and if it was securitized correctly. If any violations are discovered, that means that the
illegal foreclosure must stop immediately.
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