Countless homeowners across the nation continue to suffer as major and minor banks are claiming to be working on Loan Modifications for them. They are suffering because the loan modifications never seem to get approved. Homeowners report that after months and months of waiting for loan modifications, their homes end up in foreclosure and then auctioned off.
As this crisis continues on unchecked, homeowners feel like these misleading actions by the banks are in fact a bank scam. Thousands of homeowners waiting for loan modifications have called the bank week after week, being told that they are in review for those loan modifications, and that “all is well.” Sometimes they are told that they don’t need to worry about any foreclosure proceedings that are ongoing, those are just a “formality” that will be stopped as soon as the loan modifications are completed.
Sadly, they often don’t realize that the foreclosure could be illegal. Worse still, for those homeowners who believed the bank, they often found that the loan modifications were stopped and the foreclosure moved forward – full speed ahead.
For more than a decade, banks have issued loans that violate the federal laws that protect borrowers: TILA, RESPA, HOEPA, and ECOA. This has resulted in thousands upon thousands of homeowners saddled with predatory loans, and a massive demand for loan modifications to save the homes and restore financial sanity to the homeowners. However, the banks are still preying upon the homeowners, refusing to give loan modifications and foreclosures have now reached record numbers in the history of this nation. Clearly, something is wrong.
Tila Solutions has been the guiding light, providing real help and real solutions to homeowners who have struggled to save their homes. They provide both Forensic Loan Audits and Securitization Audits for distressed homeowners. Your loan modification attorney can use the results of these audits to get real loan modifications negotiated at the bank and bring those homeowners’ payments down to a level that he can once again make his monthly payment and resume a normal life.
Homeowners are often astonished to learn that 79% of the loans issued in the past decade contain fraud. Tila Solutions’ Forensic Loan Audits will show the many laws the banks violated when they issued these loans. This information does much to shed light on how we became a nation in foreclosure. More importantly, when this information is given to the banks, loan modifications become a much greater reality to achieve – especially when an experienced loan modification attorney is using the results of that audit to get their clients loan modifications.
A predatory loan is typically described as a loan that put a borrower on the road to foreclosure the moment he signed the documents. Homeowners are faced with trying to keep their home despite their predatory loan. Sadly, the Bank’s loan preys upon them, and eventually consumes them. Without Forensic Loan Audits, often the loan modifications that the banks do give will be nothing more than predatory loan modifications. An excellent way to prevent this from happening is to ensure that all loan modifications negotiations are accompanied with Forensic Loan Audits or Securitization Audits or both.
Securitization Audits are the single-most important tool to ensuring that your lender is not engaging in an illegal foreclosure against you. Homeowners who are in foreclosure should be requesting Securitization Audits. Tila Solutions will provide those audits and can even provide referrals to qualified foreclosure defense attorneys and loan modification attorneys if you are not currently working with one.
To find out more about Forensic Loan Audits and Securitization Audits contact Tila Solutions at (702) 508-0335. You can also visit their website for Loan Modifications help.
You don’t have to be the victim of a predatory loan!
