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Wednesday, 21-Dec-2011 07:31 Email | Share | | Bookmark
Don’t let Foreclosure Stress Lead you to a Deed Lieu of Foreclos

Dealing with a foreclosure is a terrible, nerve-wracking rollercoaster ride. It is one of the hardest, most emotional experiences a homeowner can face. Once a homeowner is told that they are facing foreclosure, they feel like that is it, there is nothing they can do, unless they try to short sale their home in order to avoid foreclosure, a process that is extremely hard and doesn’t have that great of a success rate, let the bank simply take the house via foreclosure, or try a deed lieu of foreclosure.

A <a href="http://www.stopforeclosurereports.com/">deed lieu</a> of foreclosure means that you will simply give the deed to your property to your lender in order to avoid foreclosure, as well as all the stress and public embarrassment that comes with it. A lot of times your lender will tell you that it is the best way to go, and that it won’t have as huge of a negative impact on your credit score as losing your home to a foreclosure would have. Of course they are going to tell you this – they get your home! What they don’t want you to know is that a deed lieu of foreclosure is not necessarily your best option, and it is far from the only option you have if you are trying to avoid foreclosure.

A securitization audit can help you stop foreclosure of your home, and keep you from having to just give your property away to the bank with a deed lieu of foreclosure. By working with a qualified <a href="http://www.tila-now.com/services/loan-mods-short-sales/">loan modification attorney</a> and using the evidence a forensic loan audit and securitization can provide, you stand a much better chance of getting approval from your bank for a mortgage loan modification that would adjust the terms of your home loan to something more affordable.

A forensic loan audit will go through and carefully examine your loan documents for any violations in TILA and RESPA on the part of your lender, and can provide the leverage you need to negotiate favorable terms on a loan modification. A securitization audit is there to determine if your home loan has been securitized in a correct and legal manner. If it has not been done correctly, the same bank that is trying to foreclose on your loan may have no legal right to do so. These loan audits can be very important pieces of evidence when mounting a legal defense to stop foreclosure.

This is why if you need foreclosure help, you should not hesitate to contact Tila Solutions to give you the foreclosure help you need. For over a decade, Tila Solutions has been looking out for the homeowner with their forensic loan audits and securitization audits. If you need help stopping foreclosure, a Tila Solutions Consultant is available by telephone at (702) 508-0335. Or you can visit the Tila Solutions website at <a href="http://www.tila-now.com/">deed lieu of foreclosure</a><span style="text-decoration: underline;"> </span>


Tuesday, 8-Nov-2011 08:50 Email | Share | | Bookmark
You Have Options When Facing House Foreclosure

There continues to be a large amount of house foreclosures happening in this country. Millions of homeowners seem to live under the constant threat of a house foreclosure. We have grown to accept that foreclosure is no longer just a term that is heard rarely when individuals have fallen under hard times. It seems like house foreclosure pops up in the dialogue any time homeownership or mortgages are mentioned. Despite all of the talk about foreclosure, do we really understand what is foreclosure?

Simply stated, Foreclosure is a legal process where the property of a borrower is taken possession of by a lien holder, which is usually a lender, after the borrower has fallen behind on their loan payments and their mortgage loan has gone into default. Once the house foreclosure is complete, it becomes the lender’s property. Then the lender is able to sell the property and keep any proceeds in order to pay off its mortgage and any legal costs that have been incurred.

The argument can be made that the current house foreclosure crisis has been manufactured entirely by lenders such as Bank of America, JP Morgan Chase, US Bank, GMAC and others who originally got people to agree to unfavorable terms on their loan. This is known as predatory lending. When someone falls victim to the actions of these predatory lenders, it is a scary feeling. People aren’t sure what they can do to get help and prevent the loss of their home. There is help available that can prevent a house foreclosure though.

With a forensic loan modification, your loan will be examined for irregularities at both the state and federal levels. If any such violations are found, the doors are open to pursue litigation against the banks. Most lenders, especially predatory lenders, would much rather negotiate a mortgage modification than be forced to pay back thousands in fees and interest by the courts.

If your house is already in foreclosure, a securitization audit may be a good option for you. A securitization audit will examine your loan documents and look for issues such as robo signing or other issues. Just having a securitization audit as evidence that the bank was involved in an illegal foreclosure can make the bank more willing to negotiate terms and stop foreclosure proceedings. These audits can also be solid evidence in trying to obtain a permanent loan modification.

Once you understand exactly what is foreclosure, it doesn’t have to be as scary as it seems. It will still be a very stressful emotional ordeal to face, but you should know that you do have options other than simply giving up and walking away from your home.

This is why if you need foreclosure help, you should not hesitate to contact Tila Solutions to give you the foreclosure help you need. For over a decade, Tila Solutions has been looking out for the homeowner with their forensic loan audits and securitization audits. If you need help stopping foreclosure, a Tila Solutions Consultant is available by telephone at (702) 508-0335. Or you can visit the Tila Solutions website at foreclosure loan.


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