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By: linda smith

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Tuesday, 13-Dec-2011 02:45 Email | Share | | Bookmark
To Stop Foreclosure, Know What Is Foreclosure

Foreclosure rates remain at record highs in this country, and millions of homeowners are living their lives under siege with the constant threat for foreclosure right outside their door. It has gotten to the point where we have accepted foreclosure as just another thing, not just a term we use when someone has fallen on hard times. But, despite as much as we talk about foreclosure, do we really understand 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.

The cause of the current house foreclosure crisis has been predatory lenders such as Bank of America, JP Morgan Chase, US Bank, GMAC and others who managed to get people to agree to unfavorable terms on their mortgage loan. This is the textbook definition of predatory lending. It is incredibly scary when someone has fallen victim to a predatory lender, and 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.

By using 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.

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.

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.

Tuesday, 1-Nov-2011 19:28 Email | Share | | Bookmark
Foreclosure Fraud: A National Epidemic

There is an epidemic sweeping across America. It is not a medical epidemic, but a financial one. This epidemic is called foreclosure fraud, and it is being committed by the major financial institutions such as Bank of America, JP Morgan Chase, Wells Fargo, GMAC and US Bank.

These predatory lenders would have you believe that when they foreclose on your home the only option you have is to aquiesque and simply hand over your home to them. They don't want you to know that you have any other foreclosure defense other than giving them even more money.

If you are looking for a good foreclosure defense, you should consider having a forensic loan audit in conjunction with a securitization audit. These two audits can determine if your lender does in fact maintain the legal right to foreclose on your property, or if you have been the victim of a fradulent foreclosure.

Forensic audits in the form of securitization audits and forensic loan audits are the best way to discover foreclosure fraud and keep it from becoming a major problem for you. Thanks to the evidence that has been uncovered from these audits, many people have been able to avoid losing their homes to a fradulent foreclosure.

A forensic loan audit will examine all of your loan documents for irregularites and violations of state and federal statues in the form of mortgage fraud, predatory loans, high interest rates as well as other excessive fees and penalties.

A securitization audit can also provide a valuable foreclosure defense for you. During a securitization audit, a securitization auditor will search through and examine hundreds of thousands of documents to determine if your mortgage was securitized, and who owns the deed and who owns the debt. You would be amazed at how many times the deed and mortgage have become separated, resulting in fraudulent foreclosure attempts on the part of the lenders.

A securitization audit will also identify an act of foreclosure fraud predatory lenders such as Bank of America love to engage in called “robo signing.” This is the practice of banks, in trying to push as many fraudulent foreclosures through as possible, have signed off on foreclosure documents without even examining them, and in many cases forging signatures or engaging in other fraudulent activities.

A securitization audit can determine if it was an actual bank employee that was authorized to sign the document was the one that signed off on it, or if it was a robo signer, and therefore a fraudulent foreclosure.


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