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How Truth In Lending Auditors Can Help You With Your Loan Mod

May 26th, 2010

All over the county people are agonizing as lending institutions are claiming to setup loan modifications for them, then still end up in foreclosure. At this point, most homeowners feel taken and are clueless on what the next steps should be to stop the foreclosure. Unfortunately, they often don’t know that the foreclosure is very probably not a legally allowed tool for the lender- that is until they discover Truth in Lending Auditors.

The federal laws that protect consumers have been ignored for the last 10 years TILA, RESPA, HOEPA, and ECOA. Search for tila2 on Google to find out more in regards to these laws, this will take you to Truth in Lending Auditors. You will also discover how almost 80% of the loans issued during the past have not only contained fraud, but have these other violations as well. With their forensic audit, Tila2 will show you how the lending institution has potentially violated many laws. The facts provided will explain a lot of the reasons why our nation’s foreclosure rate has been so high.

Truth in Lending Auditors will educate property owners and make them aware of the actions they can take with their loan documents. A Forensic Loan Audit, done correctly, will give the lending institution a better idea of the real hardships of the loan. Homeowners truly feel empowered when they see these hardships are no longer their burden, but are now the bank’s burden. The property owner signed what he thought was to be a good quality loan. It is so often the reason why consumers feel the word “scam” come to mind when thinking of their loan. They put a good amount of trust in the institution and now it is visible the lender violated the laws.

Essentially, the homeowner was firmly placed on the road to foreclosure the moment he signed his loan documents that contained violations: That is why they are often known as predatory loans. Consumers are trying to keep their assets despite the predatory loan that was ultimately sold to them. Unfortunately, the lender’s loan preys on the consumer, and in the end it consumes them.

Homeowners often tell Truth in Lending Auditors, as they learn more about these predatory loans that their bank’s false reassurances of a loan mod really were just another scam. Is it any wonder that they would feel this way? Thousands of people have been told they would get a loan mod, only to then be told that they were not going to get the loan mod after all. The bank had chosen foreclosure instead. Usually because the bank decided that the foreclosure would make them more money.

An important thing to know about Truth in Lending Auditors is that they have a free service for homeowners who have received forensics from them. The company will assist the homeowner to achieve a loan mod, short sale, or other successful negotiation utilizing the Forensic Loan Audit. Homeowners often do not know what to do with the forensics, which is the key reason why the people at Tila2 provide this free service. When you show the bank the Forensic Loan Audit, and all the areas that make it a predatory loan or even a fraudulent loan, the bank changes their tune and becomes serious about getting the loan mod done.

Truth in Lending Auditors can assist you. The Tila2 associates know predatory practices of the industry that can bring you down and know how to ultimately prevent it utilizing forensics.

For more information or queries in regards to Truth In Lending Auditors please visit the Truth In Lending Auditors team at www.tila2.com

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