Truth In Lending Auditors Explain Predatory Lending

Homeowners all over the country are hurting as big financial institutions are claiming

to be setting up a Loan Mod for them, only to end up in foreclosure. These homeowners often feel ripped off and don't know how to turn it around. They have no idea how to put an end to a foreclosure. Unfortunately, they often don't know that the foreclosure may not be lawful- that is until they find Truth in Lending Auditors.

The federal laws that protect consumers have been violated for the last 10 years TILA, RESPA, HOEPA, and ECOA. Search for tila2 in your Google to find out more in regards to these laws, this will take you to Truth in Lending Auditors. You will also find out about how 79% of the mortgages issued in the past 10 years have been fraudulent. Tila2 will show you how the bank has violated many laws with their forensic loan audit. The info provided will explain a lot of the reasons why our nation's foreclosure rate has been so high.

Truth in Lending Auditors will educate borrowers and make them aware of the actions they can take with their loan documents. A Forensic Loan Audit done correctly will give the bank a better idea of the real hardships of the loan. What is ironic is that these will become the bank's hardships. All the borrower did was sign what he was led to believe was a good loan. It is so often the reason why consumers feel the word "scam" come to mind when thinking of their loan. They put trust in the lender and now it is apparent the lender violated the laws.

A predatory loan is best described as a loan that put a borrower on the road to foreclosure the moment he signed the documents. Homeowners are faced with trying to keep their home despite their predatory loan. Sadly, the Bank's loan preys upon them, and eventually consumes them.

Clients usually tell Truth in Lending Auditors, as they learn more about these predatory Loans that their lender's false hopes of a loan modification were actually just another scam. Mostly because multitudes of consumers were guaranteed they would get a loan modification, only to be told at a later date that it wasn't going to come to fruition. The institution had decided to foreclose instead. Usually because the lender opted to go with the more profitable foreclosure.

Truth in Lending Auditors has a free service for homeowners who have received forensics from them. The company will assist the homeowner to achieve a modification, short sale, or other successful negotiation utilizing the Forensic Loan Audit. Forensics are difficult for the homeowner, 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 becomes serious about getting the loan modification done.

Truth in Lending Auditors is the company that can help you. The people at Tila2 know a predatory loan can wipe you out and they know how to prevent it using forensics.

by: Robert Witherspoon.

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