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By Melanie Atherton

Congress has been working on new legislation that is designed to overhaul current financial regulations. This legislation points fingers in key critical areas across the nation’s economy. Important for homeowners is Congress’s plans to form a new agency to crack down on deceptive mortgages and other financial products in the future. It also aims to better protect consumers, tighten the reins on financial institutions and stop rewarding executives for taking reckless risks to fatten their quarterly earnings and bonuses.

Read more on Congress’s Future Plans Speaks Volumes of the Foreclosure Crisis…

By Ryan Forsythe

Often the people who come to Truth in Lending Auditors feel that they have been the victim of fraud perpetrated by the banks. The type of fraud that now has them in foreclosure, and desperately trying to get a loan mod. They often feel that the bank or broker ran a scam on them. They feel betrayed and untrusting. Often this distrust will prevent them from taking any action at all. Sadly, They’ll lose their home to foreclosure all because of a predatory loan.

Read more on Are You a Victim of Bank Perpetrated Fraud?…

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.

Read more on Seriously, Why Should Lenders Stop Foreclosure – Its a Money Maker?…

Looking around on the internet, one very clear statement comes across – Lenders lie to homeowners. Why are you listening to your lender? The most common lie is that the lender really wants to help you, and is working on a loan mod for you, but actually he is just stalling while he waits for the foreclosure to complete.

Read more on Why Are You Listening to Your Lender?…