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Friday, 9-Dec-2011 09:47 Email | Share | | Bookmark
Use Quiet Title to Nullify a Predatory Loan

You have probably heard lots of stories about wrongful foreclosures happening all across the country. The extent of mortgage fraud committed by predatory lenders such as Bank of America, GMAC, US Bank, Wells Fargo and JP Morgan Chase is so widespread we still haven’t figured out the total damage it is causing, and how many homeowners are at risk of being illegally foreclosed on. What we do know is that number may be higher than anyone could have expected.

One of the terms that keeps coming up when discussing these predatory foreclosures is something called “quiet title” or “quiet title action.” More and more quiet title is being used to help people stop the wrongful foreclosure of their homes. A quiet title action is a lawsuit that is used to “quiet” if you will any claims on your home that a predatory lender such as JP Morgan Chase or Bank of America may claim to have. If successful, a quiet title will not only stop the wrongful foreclosure of your home and nullify a predatory loan, but it can also give you the title to your property free and clear.

Quiet title is becoming increasingly popular because it is a tremendous, empowering tool for homeowners to use in order to fight back against the banks. If you have had any mortgage dealings with Bank of America, GMAC, JP Morgan Chase, Wells Fargo, US Bank, or other lenders who have been exposed as predatory lenders, you should give a lot of serious thought to pursuing a quiet title action against them.

If you do pursue a quiet title action, you will have to provide proof that your lender has been guilty of wrongdoing. In order to do that, a securitization audit can be a very useful source of evidence. A securitization audit is designed to examine your mortgage documents to find if there has been any wrongdoing and if your mortgage was properly securitized. A securitization audit will illustrate how your lender has engaged in questionable or illegal practices when dealing with your home loan. This can be all the evidence you need to show that the banks have been continuing their predatory practices.

Having the supporting evidence of a securitization audit when you bring a quiet title lawsuit to the courts will greatly strengthen your case and prove beyond a shadow of a doubt that your bank is guilty of wrongful foreclosure practices. With a securitization audit and a quiet title action, you can get the help you need to stop the wrongful and illegal foreclosure of your home.

This is why if you need foreclosure help, you should contact a reputable audit company such as 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 quiet title.


Sunday, 30-Oct-2011 11:15 Email | Share | | Bookmark
Do We Call Them Banks or Mortgage Fraud Factories?

Over the last several years, mortgage fraud has been a term we have all heard a lot of. Many times, this has been in reference to mortgage brokers or other real estate professionals. What we haven’t heard enough of is how huge amounts of mortgage fraud has been committed by the banks themselves.

Predatory lenders, such as Bank of America, JP Morgan Chase Bank and GMAC have admitted that they have committed mortgage fraud, and that these abuses were happening on an institutionalized level. This led to the suspension of foreclosure proceedings in 23 states where judicial review was required on all foreclosures. Little did anyone suspect, however, that this was just the tip of the iceberg of the widespread mortgage fraud that these predatory lenders were engaging in.

As it turns out, banks were engaging in criminal misconduct such as illegal foreclosures, forging foreclosure documents, and engaging in mortgage fraud through the use of “robo signers” who would sign off on documents without any examination at all, and often times lying that they were bank officials. This is a clear cut example of a predator preying on the unsuspecting homeowner, and illustrates how these banks were operating not so much as lenders, but as mortgage fraud factories.

The complete breakdown of the securitization process, and the blatant disregard of the regulations that govern the process of securitization has caused many foreclosures that these predatory lenders are engaging in to be fraudulent. Many homeowners just go along and blindly talk to their lender seeking help, because their bank would not want to see a home go into foreclosure right? Wrong! The banks have been engaging in so much mortgage fraud that they have absolutely no incentive to help homeowners at all.

If you are facing foreclosure, and suspect that you could be the victim of Bank of America, GMAC, JP Morgan Chase or another predator preying on you, you may want to consider a securitization audit.

A securitization audit will examine your mortgage documents and determine if your loan has been securitized, and if the predatory lender attempting to foreclose on your home actually has a legal right to do so. If you are suing your lender for wrongful foreclosure or mortgage fraud, a securitization audit can be a very important piece of evidence in your case.

Over 85% of home loans approved in the last 10 years have gone through the securitization process. It has not been determined what the percentage of those that have been securitized incorrectly is, but seeing as how every day these predatory lenders seem to be having more and more of their criminal activity exposed, this number could turn out to be an incredibly large percentage. Even if you are current on your mortgage, a securitization audit can determine if your home has been properly securitized so once you are finished paying off your loan, you won’t run into any problems clearing the title.

Tila Solutions specializes in detailed securitization audits for homeowners in need. A Tila Solutions Consultant is available for people by telephone at (702) 508-0335. Or you can visit the Tila Solutions website at predator preying. They will help. They are not funded by the governments or the lenders. They are on the homeowners’ side.


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