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Saturday, 7-Jan-2012 14:11 Email | Share | | Bookmark
Don’t Lose Sleep Wondering What Is Foreclosure

During this holiday season, foreclosure rates remain at historic highs. There are currently millions of homeowners who are having a hard time feeling any sort of holiday cheer due to living under the looming threat of house foreclosure. Foreclosure is no longer just an occasional sad story you hear, it seems to be something that people discuss any time mortgages or loans or the economy is mentioned. But do we really have a good understanding of what is foreclosure?

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.

If your house is already in foreclosure, you do have options that you can take advantage of to stop foreclosure and save your home. If you have had dealing with predatory lenders such as Bank of America, Countrywide, JP Morgan Chase, US Bank, GMAC, Wells Fargo or others, 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.

Another option, known as a forensic loan audit can also be an option for you if you are struggling to make payments and are attempting to get a mortgage modification from your bank. With a forensic loan audit, 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.

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 help loan.


Friday, 25-Nov-2011 00:22 Email | Share | | Bookmark
Securitization Audits Can Provide Valuable Foreclosure Informati

It’s a scene that is far too familiar in many households across America. Sleepless nights, the tossing and turning, the constant worry and anxiety making oyu sick to your stomach. You aren’t alone. This happens to a lot of people that are unfortunately facing the foreclosure of their home. It can feel like the walls are closing in and there is no escape from it, nothing you can do but let the bank take your home away. There is something you can do however, with the right foreclosure information, you can get the foreclosure help you need.

You may have heard the term “securitized mortgage” a lot with the housing crisis we have all been facing. A securitized mortgage is one that has been pooled together with other mortgages and sold to investors much the same way that stocks and bonds are traded. In the last 10 years, over 85% of all mortgages have been securitized. This is an important bit of foreclosure information, since once a mortgage has been securitized, the bank no longer holds the title. And if a bank no longer holds the title, that means they cannot legally foreclose on your property. This effectively makes many foreclosures that have taken place during the current housing crisis illegal. A securitization audit provides will examine all of your documents and determine if the bank actually possesses the title to your property. If they do not, a securitization audit can stop foreclosure.

If the banks have failed to follow the securitization process completely and properly, that means that a lot of the homes being foreclosed on and taken away from their owners have been wrongful or illegal foreclosures. These are homes that should never have been foreclosed on but were due to a paperwork oversight or robo signing by a predatory lender. A securitization audit will examine all of your home loan documents looking for any foreclosure information that could help you, such as the use of robo-signers, and it will also determine if your home loan has been securitized and if it was correctly securitized when it went through the securitization process. Banks hate securitization audits because they are such a valuable piece of evidence for people seeking foreclosure help. If the bank does not possess the title to your property, they may not have the legal right to foreclose, and you can keep your home with this important foreclosure information.

If you are facing foreclosure, one of the things you can do to help stop foreclosure is look into a service that can provide evidence that you are the victim of a predatory loan and/or mortgage fraud. 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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