Article DirectoryJust another article directory

Let’s take a look at some of the more common illegal foreclosures:

1. The lender who is foreclosing on you is not the lender on your deed of trust. This is ok if all the proper assignments are recorded. Of course, the lenders set up MERS and very few loans have the proper chain of title. If this has happened to you, then you need to consider getting a Securitization audit to track the deed of trust, and to track the note. You could just possibly save your home! Here’s one of the key reasons why homeowners are now demanding a Securitization Audit. It is a new day. The Homeowner had first the laws of TILA, RESPA, HOEPA and ECOA on his side – and Forensic Audits proved that the banks lied to the homeowners when they gave the loans. But now again, they lie when they foreclose on his home. There’s an audit to empower homeowners with the laws of the land once again. That’s the Securitization Audit.

Read more on Illegal Foreclosures are Opening Loan Mod Doors…

Last week the several major newspapers released the news that Bank of America was finding “errors” in the paperwork. The Bank claimed that they found maybe 10 to 25 errors in the first 100 files reviewed; of course many are concerned over the bank’s inability to say if it was ten or eleven, or twenty-five. This week, despite their admittance of “flawed foreclosures” (that’s just a pretty word for predatory foreclosures or fraudulent foreclosures) they announced that their Foreclosure Frenzy will resume at full speed in 23 states (the judicial states) and Bank of America also claimed foreclosure numbers should be around 100,000. GMAC also announced they will resume their foreclosures as well. JP Morgan Chase has remained silent on the subject thus far.

Read more on Bank of America and GMAC to Resume Foreclosures…