Bank of America Foreclosure Cancelled and Loan Restructured

Bank of America Foreclosure Cancelled and Loan Restructured
The securitization audit discovered the following: Fraud and Wrongful Foreclosure Case based upon Statutory Violations, Promissory Estoppel, Negligence, Negligent Misrepresentation, Violation of Company and Specialist Code 17 200. The Law Offices of Art&nbsp…
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California Client Has Foreclosure Cancelled and Payment Cut in Half
To investigate the lender&#39s standing to foreclose, Woods hired a organization called Paladin Securitization Auditors to conduct a securitization audit, a document that investigates the securitization approach and identifies violations of the Securities …
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Senator Rand Paul Is Right To Hold Up Janet Yellen&#39s Federal Reserve
Nevertheless, the argument that the Federal Reserve program must be exempt from any sort of audit can only be viewed as benefiting the elite interests of a banking sector that both sides of the aisle must agree enjoys a privileged monopoly only since …
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Is it a bank to show “chain of title” to foreclose on a home?

issue by Marley : Is a bank to show “chain of title” to foreclose on a home What happens if the chain of title is broken Very best answer:

response by Frequent Sense
does not matter. In spite of what you see on the news, if you do not pay, you do not remain.

What do you believe? Answer below!

Bank Of America Claims ‘inaccurate Or Faulty Documents’ Do not Show Homeowner Was Harmed

Banks are not above the law, but they will attempt to operate as if they are. Heres the newest: Bank of America has claimed that a couple from Indiana actually doesnt have a case against them for robo-signed foreclosure documents. Why? Since the family members, according to BofA, didnt try to do anything to quit the foreclosure, as a result they cant prove the bank harmed them. Now, heres the true question: Is it correct? Are folks genuinely just not making their payments and ignoring all these letters and phone calls and then letting the bank take their home? In the principal, no– they are all more than it, trying desperately to resolve the predicament and save their home. It is just their word against the banks.

Men and women who use the services provided by Tila Options accumulate lots of proof of all the harm the banks loan has triggered them, all the actions they took to attempt and quit a foreclosure, and their proof of this begins with the Forensic Audit and Securitization Audit.

Lots of Attorneys for lenders have been caught lying to judges in the past, claiming that property owners never ever attempted to apply for loan mods, even even though the homeowner had tried for months! There are countless reports of home owners who never ever even received a notice of default, but only learned that their home was no longer theirs when the Sherriff came to evict them.

The entire, You cant prove that we harmed you is a rather fascinating improvement that home owners would be sensible to do anything about. What proof do home owners have that they have taken each effort to try and prevent the bank from harming them? Seriously, if the homeowner is the only one operating directly with the bank (which is the way banks and government choose you work), it becomes his word against the banks. Appears the bank typically comes out the winner. Tila employees have investigated so many predatory loans to date that there is no doubt any longer of the banks harming the men and women.

You dont see also many banks claiming that they harmed a individual since of their predatory loans either. Unless an independent organization investigates the bank, you can count on the bank brushing the complete predatory loan, or proper to foreclose (wheres the note) under the carpet and out of your view.

Your home is becoming stolen from you by banks that claim they can prove they have not harmed you and it is ok to have fraudulent foreclosure documents simply because you were missing your payments anyway! Its difficult not to compare that to some justification a child might use, such as: it was ok for the youngster to eat all the cookies since no one else wasclearly nobody was harmed!

Typically home owners are missing payments on loans that had been designed to fail. Forensic Loan Audits consistently prove this. That right there is a lot of harm to the homeowner.
Most property owners are being told to cease generating payments by banks to qualify for loan modifications. That is a lot more harm to the homeowner.
Most property owners are being stalled with lost paperwork, didnt get your fax, and other ridiculous antics from lenders in the course of the loan mod method while the lender proceeds with foreclosure. Homeowners are typically waiting for much more than a year to get a loan mod the quantity of missed payment being added to a loan benefits the lender and harms the homeowner.
Most property owners who are getting foreclosed upon are getting foreclosed upon by a bank that doesnt even personal the note and/or has the deed rightfully assigned. That is the final bit of harm. Of course a Securitization Audit proves this.

But if you dont have somebody working as an authorized third party on your behalf, how do you prove any of it? If you dont have a Forensic Audit of the original loan the lender gave you accomplished, how do you prove the harm they are guilty of from the very moment they developed that loan for you? If you dont get a Securitization Audit completed to show regardless of whether or not the lender can even foreclose upon you, how do you prove that they cant take your home?

Even far more important than proof is the reality that if you get a company like Tila Options involved on your behalf, then more than likely you wont require to think about what you have to prove and cant. You can just believe about how you had been one of the fortunate handful of who really escaped the bank oppression and nevertheless have your residence.

You have to take care of matters and shield your self and your family members. The bank isnt there to aid you. They are there to protect their monetary bottom line. They have confirmed repeatedly that they appear out for quantity a single, and that is not you.

Tila Solutions appears out for you. Their audits will prove you were wronged and they will use these audits to aid you get a loan mod. A Tila Options Consultant is offered for men and women by telephone at (702) 508-0335. Or you can check out the Tila Solutions web site at . They will support you and your family. They are on your side.

TAGS: BofA, Bank of America loan mod, loan modification, foreclose, foreclosure, Tila Options, Tila, loan, audit, fraud, forensic loan audit, predatory loan, notice of default, Securitization Audit

is a freelance journalist who covers trends and practices in a range of monetary markets across the US.

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Bank Workers Start off Coming Forward With Stories Of Lies & Deceitful Acts Against Property owners

From the New York Occasions Write-up, Two States Sue Bank of America More than Mortgages in December of 2010 – Former personnel said that Bank of Americas modification employees was chaotic, understaffed and not oriented to consumers, according to a news release. One particular former employee mentioned, The major objective of the training is to teach us how to get clients off the phone in significantly less than 10 minutes.

Another employee stated, When checking on a borrowers status, I typically located that the modification request had not been dealt with or was so old that the request had become inactive. However, I was instructed to inform borrowers that they have been active and in status. One particular time I complained to a supervisor that I felt I always was lying to borrowers.
From an e mail that Tila Solutions received from a former bank employee: I have just in the last 2 weeks resigned my position from a single of the leading three banks in the country. I had been functioning in the Prime Mortgage Department speaking to hundreds and hundreds of delinquent property owners, who have been anywhere from 1 to 18 plus payments delinquent and/or in various stages of loan mods, or declined for loan mods. I have been a single of the best performers in that division, earning monthly bonuses, and then just lately, I was recruited to work on the foreclosure affidavit re-views and to re-function and an re-submitt them to continue the foreclosure procedure. I am sure you’ve been reading in the newspapers about that mess and a lot of it is correct.

In speaking with hundreds of delinquent property owners, it has just blown me away, at how unaware they are of what is going on and how they think every little thing they are told by the staff of the banks.

From an anonymous telephone get in touch with by a BofA Employee to Tila Solutions: BofA finds ridiculous ways to disqualify men and women for loan modifications, one particular trick is to tell them to send in a list of documents, and then disqualify them simply because they didnt send in 1 document which was in no way asked for by the bank in the 1st place. An additional trick they have is to disqualify anybody that has some further funds in savings. BofA currently has 80,000 files for loan mod from final December that they are just acquiring to. Oh and by the way, it only takes two days to do a loan mod.

From a homeowner who referred to as in to Tila, I was referred to your business to get support on my loan mod. When asked who referred the homeowner, they mentioned that they were not supposed to say who, but that it was from a individual who worked inside BofA and knew of Tila Options, and told the homeowner that if she actually wanted to save her residence to get in touch with Tila Options.

The cause Tila Solutions is capable to efficiently support save houses is since they know how the banks operate. They know the banks lie, cheat, mislead, and outright steal peoples houses. For these factors Tila begins all new circumstances by investigating the banks loan and or foreclosure either with a Forensic Audit or a Securitization Audit. They make it clear to the bank that the homeowner is not in the wrong, the bank is. From this groundwork they then move by way of all the bank lies and deceit and get that homeowner a loan mod.

Frequently other Audit or Loan Mod firms fail to get the job carried out basically since they too are a) believing what the banks say, and b) they dont have any negotiations energy. Tila does not operate that way. Listening to and believing the banks is the greatest way to lose your property. As an alternative, get sensible. Get Forensics and/or Securitization audits done by Tila Solutions and have them negotiate with the bank for you.

Tila Options looks out for you. Their audits will prove you have been wronged and they will use these audits to assist you get a loan mod. A Tila Solutions Consultant is available for folks by telephone at (702) 508-0335. Or you can go to the Tila Solutions site at . They will support you and your loved ones. They are on your side.

TAGS: BofA, Bank of America, loan mod, loan modification, foreclose, foreclosure, Tila Options, Tila, loan, audit, fraud, forensic audit, Securitization Audit, fraudulent loan modifications,

is a freelance researcher and journalist.

Support how do I find out what bank owns this house?

Query by ridingis4life: Help how do I discover out what bank owns this house?
I am unable to find the bank that truly owns this home. I took this off of public records, and each particular person I have tried calling from the Grantor to the Grantee, has been a dead end. If any individual has info relating to how I can get in touch with the bank that owns this home I would greatly appreciate it.

Please note, I did call the record of Deeds workplace, and the lady on the telephone stated the bank that owned the house was not listed in the records (strange huh). Ieven tried the law firm listed below, and they stated they are not functioning on this case aganist the property, they are trying to get in touch with Ms. Werner for an additional property she stopped paying on.

Instrument: R2009027165 Old Doc Ref No: Book/Page:
Recorded: 3/9/2009 eight:34:47 AM Consideration: $ Pages: 1
Document Variety: Mortgage Assignments Comments:
Document Date: two/16/2009
Grantor: FCDB 8020 REO LLC


Legal Description: Lot/Unit: 8, PTLT, Sub: ARROWHEAD SOUTH TOWNHOMES U1, TwnNotes: D162 R97-72385 30-36-11
PrpId: 16-05-30-402-035-0000 (GIS) (Assessor)
AddrNo: 16106, Str1: GOLFVIEW DRIVE, City: LOCKPORT, State: IL, Zip: 60441
Cross Reference: Bkwd R 2007060046 (MTG)
Mar 18 2009 11:31AM

Greatest answer:

Answer by Ed Atun
This loan was sold as element of a securitization. It may possibly be owned by 10 banks. Every bank owns 1 “slice” of the loan.
Most of these loans can be tracked to a firm named MERS. They manage most of these securities. Wall Street Journal had an article about them final week (free of charge at the library).
There are two keys to finding the noteholder. One particular is that REO seems soon after Grantee. So it has been foreclosed. And the instrument mentioned in your facts is a Mortgage Assignment. You need to have to have the recorder hand you that document… the assignment. You would have to do this in individual. There is often a personal computer on the front desk for them to help customers at the Recorders Workplace.

Know greater? Leave your own answer in the comments!

When need to I apply for an analyst job at a big investment bank like Goldman Sachs or Lehman Brothers?

Question by Michael A: When need to I apply for an analyst job at a large investment bank like Goldman Sachs or Lehman Brothers?
I am a recent graduate from the University of Michigan with a dual main in Political Science and Philosophy. I had a GPA of 3.86 general and higher in my two majors. I held a steady job throughout college, operating nearly complete time plus college and, in my senior year, an internship at a regional public defender’s workplace. After college I took a job at a huge DC law firm, but now I am not as sure as I was that law is for me. Portion of what we do here is working with big banks right after hunting at some of that, it genuinely interests me.

I have the operate ethic to survive at a large financial institution, but I need to have to stay right here through the spring. I would like then to move to NY and get a job at a huge bank, but I need to know when I need to apply for those positions. I just bought some books about Wall St. so I can discover far more about the market. I require to study those & enhance my financial expertise ahead of I’d want to go into an interview.

When should I apply? Any other ideas for me? Thnx

Best answer:

Answer by Kerry F
Many of these firms employ seniors in college in the fall who will start off their positions the subsequent summer. However, for individuals who have been in the workforce for even a short period of time, they have a distinct recruiting schedule.

If I were you, I would speak to your college profession center and see if they have any contacts at these firms – if they have recruited at your campus, or if there are alums from your school who perform there, you ought to be in a position to make a get in touch with. If so, it is best to try to get your foot in the door that way rather than blindly applying by means of the website.

That being said, I am in college recruiting, and both Goldman and Lehman have drastically cut their hiring for the year, so it might be tough going for a although…

Ideal of luck to you!

Give your answer to this query beneath!

Q&A: Is this the beginnings of a world wide central bank or worse a private takeover of world credit supplies?

Question by bimma b: Is this the beginnings of a world wide central bank or worse a private takeover of world credit supplies?

Best answer:

Answer by krollohare2
No. Foreigners have had their fingers in our pie for years. Maybe if we stopped buying from overseas and making our own stuff, they’d have to cash out eventually and use that money to buy what they need from us.

Know better? Leave your own answer in the comments!

Q&A: A reason for securitizing mortgages is to allow a bank to do what?

Question by foxtrot: A reason for securitizing mortgages is to allow a bank to do what?

Best answer:

Answer by ThatGuy
Securitizing mortgages allows banks to a) minimize risk exposure b) take advantage of lower capital requirements.

a) When a bank makes a loan, it is exposed to the risk that the borrower may default. However, through the process of securitization the bank sells the loan to what is called a ‘conduit’ (likely for price greater than the principal of the loan, but less then the overall expected value after the loan has been paid), which then packages the loan with others to form a ‘bond.’ In this process the bank has profited from the loan but is not exposed to any risk attributed to the borrower.

b) Banks are held to certain capital requirements, i.e. they have to hold a certain level of capital to support their loans. However, they have to hold less capital to back up investments in securities. Hence, a general strategy is to make a loan, securitize it, then buy into a senior tranche of the new security. Thus the bank has transformed a loan into a less risky asset (the bond pools risk) with which it needs to hold less capital against.

Know better? Leave your own answer in the comments!

Q&A: When a commercial bank lends money lends money?

Question by Chris: When a commercial bank lends money lends money?
When a commercial bank lends money through a checking account the money the bank lends comes from or belongs to?

Best answer:

Answer by John Bradley
The money comes from one of two places:

1. The bank’s deposit base (the money customers deposit with the bank).

2. Other funding sources, such as debt securitization (the selling of bonds backed by loans the bank makes).*

Option one is the “old” way of getting money to lend.

Option two is the “new” way of getting money to lend, though bank’s overreliance on alternative funding sources was recently shaken up quite a bit with the recent “credit crisis,” as many banks saw the market for debt-backed securities shrink (in other words, the number of people willing to buy these securities got smaller, and the ones that remain weren’t buying as many as before).

Banks are now increasingly relying on good old fashioned deposits as a source of money to lend, though debt securitization is here to stay.

*When you apply for a loan, the bank may require that you put up an asset of yours as security. This asset may be cash, a car, real estate, or anything else of value. Debt securitization works the same way. To the bank, a loan it issues is considered an asset, and as with all assets, this assett has a market value. Bank can raise money in the financial markets by selling bonds (loans payable by the bank) that is backed by the bank’s total portfolio of loans, in case the bank defaults on it’s debt.

Add your own answer in the comments!

Can principles of structured finance be used in single bank management?

Question by Artyom: Can principles of structured finance be used in single bank management?
bank usually takes money and gives them as loans. Is there any theory about structured finance principles used in single bank management. Make tranches by persons who give bank money, and paying them back by waterfall rules.

Best answer:

Answer by Mohammad
1. By ‘single bank management’ do you mean ‘unit banking’ (that banks having only ‘single’ office, as distinct from ‘branch banking’ with many offices)?

2. Any way, whatever type of bank you have in mind, the principles of bank finance are same for all the types of banks.

3. Usually, Central Banks of a country (or banking regulatory authorities) issue general guidelines to banks in regard to bank finance.

3. So, the bank you have in mind can follow the structured finance, if it has the necessary expertise and the organisational strength.

4. Please go through a book “Structured Finance: A Guide to the Principles of Asset Securitization” at:

5. You may also visit the relevant sites at the following link, for more information:

What do you think? Answer below!