It has been stated in a variety of newspapers over the past few years that the fees added on to foreclosure are very profitable to the lender.  There have been thousands upon thousands of complaints from homeowners where they have suffered for months waiting for loan mods.  Often when they started their request to receive a loan mod they were not even in foreclosure.  Yet by the time the lender finally got their loan modification completed, they were in foreclosure and had to pay off as a part of the loan mod agreement all the foreclosure fees as well as many other fees.  Lenders have scammed thousands of people who never needed to be in foreclosure out of dollars now mounting in the millions.

Today, many homeowners contact Tila Solutions looking for a solution to get their lender to stop disqualifying them, and stop the foreclosure process on them.  Through the use of Forensic Loan Audits, Tila Solutions has been very instrumental in helping these homeowners. You can find out more about Forensic Loan audits and predatory loans at tila-now.com.

Even so, there are thousands of people who do not understand how lenders make money off the foreclosure process.  Here is an excerpt from a FAQ section of a foreclosure website that may shed some light on this:

“Who pays the foreclosure fee and costs?
If the borrower brings the loan current or pays it off, the borrower is responsible to the lender for the foreclosure fee and costs.”

“ . . .If the property is sold to an outside bidder at the foreclosure auction, the foreclosure expenses will be paid by the bidder.”

You may wonder if this is a new trend. Perhaps this post from a distressed homeowner trying to pay off a foreclosure in 2006 will help you to see how this is not a new money maker for lenders:

“HELP!! Foreclosure Fees? Posted by Brad on October 10, 2006 at 08:46:51:

“We are currently 4 months behind on the mortgage. My house is in foreclosure and scheduled to sell on November 7th. I have been trying to work with the mortgage company to salvage the house. I sent in everything asked of me two weeks ago and called every day (sometimes up to three times per day) last week leaving messages for my work out agent to call me on my cell rather than the home since I work. I FINALLY got a hold of her yesterday and she said that since she could not talk to me last week, the matter had been closed out and the original late fees of $400 had now jumped to $1200 and they would again jump this Wednesday. . . .”

“Just got the agreement papers to sign today and the fees have gone up an additional $500 from what they told me they would agree to yesterday. They want 2 months mortgage today and the rest ($576) extra over the next 9 months.”

In 2007, foreclosure fees were being scrutinized and it was discovered that as many as half the loans in chapter 13 bankruptcy had questionable foreclosure fees.  You can see this for yourself with this New York Times Article: 

That was then, and this is now:  CNN Money reported that Bank of America would have to pay out 108 million dollars to settle claims that Countrywide charged homeowners inflated foreclosure fees.

So the next time you hear that your lender will modify your loan free of charge, just remember that they don’t.  The trend appears to be to keep your loan mod extending month after month, while they rack up foreclosure fees. If you do get approved for a loan mod, do miss the point that the foreclosure fees are being added to your principal balance, and you will be paying them off at a “reduced interest rate” for the next two or three decades.

There are again, thousands of reports on file of Lenders convincing people that they have no rights, and that they can count on the lender for help (you know the ones suing you). Saddest of all are the stories of homeowners who lost their homes because they believed their lenders when they convinced them that they did not need professional help. So often, those foreclosures could have been stopped.

Homeowners would be wise to listen to these words from this 13-year-old boy, because he is right.  (His post comes from a comment made to the CNN Money News article of June 18, 2010 entitled Foreclosure tricks cost Countrywide $108 million – his typos have purposely not been corrected.) You may recall that this was the settlement fee that Bank of America will have to pay out to victims of Countrywide’s inflated foreclosure fee practices:

“Matthew Hutchinson Jun 18

“The reason they are able to add all this extra fees is due to them counting on people either being scared, in shock or just plain stupid. They try to take advantage of the publics ignorence on these matters and they are counting all that extra ill gotten money cause they are hoping the people being foreclosed on are dumb as dirt!

“I am 13 and see that it is not right to rip off people that way, but if we did that to them in anyway we would go to jail! No justice at all, unless your rich and in charge!”

You do not have to let the bank rip you off.  Just contact a Tila Solutions Consultant.  They can help you.  Tila Solutions uses loan Forensics to locate all the federal laws that were violated when the lender gave you the loan. Contact a Tila Solutions Consultant at    702 – 508 – 0335 or visit their website at    . They can help you – often when nobody else can.

Tags: Tila Solutions, Tila, Tila-now, Loan Mod, Loan Modification, Forensic Loan Audit, Loan forensics, Foreclosure, stop foreclosure, scam, predatory loans

A Forensic Loan Review or Forensic Loan Audit, sometimes also called a Mortgage Audit is a thorough investigation of the loan that the bank gave you.  This audit is done to locate all the Federal Laws that were violated by your bank when they created the loan they offered to you or your broker for you.
Tila Solutions is an Audit Company.  They investigate loans given by the banks to determine if the bank violated any of the federal laws that protect the homeowners.  Ultimately, if you have a predatory loan, you will need a Forensic Loan Audit. If you feel that the lenders mislead you, withheld information from you, rushed you, or possibly gave you a loan that could contain fraud then you will want to get your loan investigated.
Tila Solutions Examiners work with the Federal Laws that protect you as a borrower.  Probably when you signed your loan documents you heard or saw reference to TILA, RESPA, HOEPA and ECOA.  Those laws were passed to help prevent you from getting a loan that you won’t be able to pay back, which is often known as a predatory loan. They are also supposed to ensure that you understand the loan.
Tila Examiners also look for fraud and they investigate the loan to see if it complies with other federal regulating bodies and their guidelines.  The fraud they look for is fraud committed by the banks – and their investigations have shown that the banks committed much fraud over the past decade!
When homeowners get turned down by the bank for a loan modification, a forensic loan audit is the critical first step to turning that around.  Banks are not in the business of helping people; they are in the business of making money.  The bank is not interested in giving you a lower payment, because you are experiencing hard times.  They are only interested in seeing the loan they gave you “perform”.
In many cases the bank calculations will show that they can make more money or experience less risk (or both) if they do not give you a loan modification.  Normally that means you will be in foreclosure and losing your home.  The Forensic Loan Audit is your most powerful weapon to show that foreclosure is no longer a money-making option for the bank.
A performing loan is a loan that has a monthly payment coming in on time.  The bank gets a nice profit for very little risk.  This is all they want, and sadly, if you are not going to give them their money, then the bank will calculate the risk of modifying your loan against other methods of making money.
And that is why you need to get Tila Solutions to conduct a full forensic loan audit for you.  Simply put the bank loses much of its power and ability to travel down other money-making avenues if the loan contains federal violations of TILA, RESPA, HOEPA, ECOA or if fraud is found when the investigation is done.  Tila Examiners will meticulously go through your loan looking for all the federal violations.
This is very important:  Once the Forensic Loan Review is completed, something effective must be done with it.  Lenders actually tell homeowners it makes no difference (doesn’t it remind you of a criminal pointing out that the police won’t stop him) but don’t believe it for a minute.  That is why Tila Solutions offers a free service to help negotiate on your behalf.  The Lenders push borrowers around and mislead them all the time.  Tila Solutions Negotiators will work on your behalf to make sure that you get your loan modification.
Tila Solutions has a homeowner hotline that you can call.  Their consultants can help you identify if you have a predatory loan. They can help you determine if your loan is in need of a Forensic Loan Audit.
You should contact a Tila Consultant if you have been turned down for a loan mod, or if you are nearing or are in foreclosure.  Tila Consultants can help people who are current on your loans or those with investment properties.  A Forensic Loan Audit helps with these types of loans.
The Tila Solution website is loaded with information – go to to learn more about a Forensic Loan Review and to learn how to take advantage of the free negotiation service offered by Tila Solutions.  You can call a Tila Solutions Consultant at  702 – 508 – 0335.

Tags:  Forensic Loan Audit, Stop Foreclosure, Tila Solutions, Tila, Forensic Loan Review, Mortgage Audit, predatory loan, Fraud, Loan Modification, loan mod foreclosure, mortgage fraud, Loan modification, foreclosure information, short sale, 2 stop foreclosure

How does it make you feel to know that investors and bankers made huge profits off of you when you couldn’t make your loan payment?  How does it make you feel to know that while you are struggling with a subprime loan (often called a predatory loan) there are bankers and investors who gambled on how much money they could make when you could no longer keep up those mortgage payments?  Meanwhile, while they profit, your marriage, family and finances are being destroyed.  What does it do to your trust and faith in the banking industry that seemed so nice when you were paying?  Do you feel like you are a victim of fraud?

How does it feel to know that they purposely put you in that predatory loan because they were going to make a huge profit at your expense?  These are some of the findings of the recent SEC investigations into Goldman Sachs.  Does it anger you that Goldman Sachs is now trying to negotiate a lesser charge than fraud?  You may wonder why. It seems, in part, because the little announcement that they were purposely profiting off your failure caused their stock to drop!  Of course that means they are losing money.

Tila Solutions receives countless calls and emails from people desperate to save their homes, crying wives, frantic husbands, and elderly people about to be kicked out to the curb with no solutions in sight.  There have even been reports of people committing suicide because they could not stop foreclosure.

They call Tila because they need help.  Real Help – not false hope. Often, the bank has sent the letter that they are about to foreclose when the homeowner calls.  Tila Solutions is an audit company.  They conduct forensic loan audits and help people locate the federal laws that were violated by the banks when the loan was issued. They use the results of these audits to help people save their homes and get the loan mods the banks refused to give previously.

It is always the same story:  It seems that the bank had no trouble qualifying them for the predatory loan that is now consuming them, but there just seems to be no way possible to qualify them for a loan modification and lower their monthly payment.  Until Tila Solutions conducts the Forensic Loan Review and finds the crimes that the banker is guilty of!

It’s a story we are all quite familiar with now:  somehow, that poor family, sitting in foreclosure does not make enough money to pay a smaller monthly payment, so the bank refuses to do the loan modification to drop their monthly payment, but has no trouble whatsoever demanding that they keep making the higher monthly payment or lose their home to foreclosure. When a person contacts Tila Solutions for help, it becomes a new story however.  When Tila Solutions comes on the scene, foreclosure is stopped, banker crimes are found and exposed, and lower monthly payments (and often principal balance reductions too!) are achieved.

Why?  Because for the past 30 years there have been laws that protect the borrowers.  TILA, HOEPA, RESPA, ECOA.  These are the laws that protect borrowers and prevent them from having their lives destroyed through the predatory acts of unscrupulous lenders and bankers who would use them for their own profit.

Borrowers have so much power and strength when they know their rights and use these laws.  Tila Solutions helps them do this.  Banks are not above the law.

A Tila Solutions Consultant is available for people by telephone at    1 – 7 0 2 – 5 0 8 -0 3 3 5. Or you can visit the Tila Solutions website at   .  They will help you and your family.  They are on your side.

Tags: forensic-loan-audit, loan mod, loan modification, foreclose, foreclosure, Goldman Sachs, Tila Solutions, Tila, loan, audit, fraud, forensic loan audit, forensic audit, subprime, mortgage, predatory loan, mortgage fraud, Loan modification, foreclosure information, short sale, 2 stop foreclosure