Tila Solutions Applauds Nevada for Making Illegal Foreclosures a Felony

Online, November 2, 2011 (Newswire.com) - The huge outcry of consumer complains about the illegal robo-signing tactics that have been used by predatory lenders such as Bank of America, JP Morgan Chase and others resulting in a series of lawsuits directed at mortgage servicing companies and banks in Nevada is what led to the new law being enacted. Under this law, it is now a felony for a mortgage servicer or trustee of a mortgage to make false representations concerning a home's title, such as claiming to be a bank executive as has been the case in hundreds or thousands of robo-signing complaints. If mortgage fraud is discovered, a $5000 fine will also be assessed.

This law will require mortgage companies to provide an affidavit with the amount owed on the loan, the person who is in possession of the note and the individual with the authority to foreclose on the property. This could present a huge problem to the banks and be a huge help to homeowners trying to save their homes, since in many cases banks have lost the proof of ownership meaning that they may have no right to formally foreclose on the property.

Hopefully this new law in Nevada will provide an example for other states to follow. Homeowners all over the US have been victims of these predatory lenders for far too long, and it is about time that states have started to stand up to defend homeowners from mortgage fraud and wrongful foreclosures.

If you are being sued for foreclosure, or believe that you may be the victim of a mortgage fraud or predatory lending practices, you should contact Tila Solutions for a free consultation and learn what your options truly are. If you are nearing or are already in foreclosure, contact Tila Solutions right away to see if they can provide you with a real solution to help keep you in your home.

ABOUT TILA SOLUTIONS Tila Solutions is one of the most well-known and well-respected audit companies assisting homeowners with predatory loans, predatory lenders, and wrongful foreclosures today. Tila Solutions conducts complete investigative services for homeowners, attorneys, and other professionals who are working to resolve fraudulent loans, fraudulent lending practices, wrongful foreclosures, etc. Tila Solutions has assisted homeowners in achieving loan modifications and other work out programs with out-of-court negotiations services using the results of their audits. Tila Solutions also provides these audits to homeowners filing pro se lawsuits against their lenders. For more information on Tila Solutions or to obtain a free consultation, please visit www.tila-now.com or call them at 702 508 0335.

Contact Info
Public Relations Dept. - Sara Miller
Phone: 702 508 0335
E-mail: [email protected]
Web site: http://www.tila-now.com
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Industry: Financial Services, Business, General Business,
Country: United States,
Company: Tila Solutions
Web site: Visit our web site