How Good Are Your Chances For a Loan Modification?

There is nothing more powerful than a forensic loan audit to stop a foreclosure, stall a foreclosure, or prevent a foreclosure, and then successfully bring loan modifications to the homeowner.  The success rate using Tila Solutions is greater than any other approach currently known.

Let’s see how this rates against other common approaches taken.

Scenario One: You contact the bank, fax in the documents they request so that you can see if you qualify for a loan mod.  Happily you go to work waiting to hear the results.  The results are in:  You’ve just picked up a foreclosure notice on your door.  And, there are letters claiming the bank never received your documents for a loan mod in your mailbox.  The cost of the foreclosure is being added to your mortgage, and you are being told that you have so many days to cure the default or foreclosure will begin.  You don’t have the several thousand dollars to cure the default and you lose your home:  100% failure rate for a loan mod in this scenario.  You never even had a fighting chance:  You didn’t have a Forensic Audit.  You didn’t have anybody to ensure the bank actually did their job.

Scenario Two: You’ve done a good bit of research on the internet and learned that the banks are being accused all the time of fraud. In fact you’ve concluded they are fraudulent, disorganized, they mislead you and provide false hope.  You can’t help but feel betrayed and distrusting as you research and learn how they lose papers, constantly find fault with you, and have more ways to disqualify you than you ever imagined.

Thus you are “armed” for success.  You contact the bank, put in your request for loan mod and repeatedly call and refax forms until you can no longer figure out how anything could ever be lost so often.  With all this hard work, several months pass and finally you are approved for a loan mod, but the terms are completely unacceptable because you needed a lower monthly payment, and the bank rolled in escrows, and put all their fees to the back of the loan, and now you owe much more than the original loan. (and they say loan mod is free?) You won’t be able to afford the payment for long.

But you had some success –  if you feel you can call it that:  2% – 10% success rate in this scenario.  You are just stuck with what they gave you, and you never really had any negotiating power at all.  A forensic Audit could have changed this for you.

Scenario Two A: Despite your terrific intentions, as described above, and while the bank is telling you that they have it all under control, you receive notice from the bank’s lawyers that they are suing you.

Foreclosure has begun.  You call the bank back they tell you not to worry; they still “have your back” for loan mod, and reassure you that you don’t need professional help.  They (who are charging you for the lawsuit they have brought against you) are “concerned” that you may be paying a professional company to help you and the bank tries to deter you, soothingly convincing you that you can work directly with them. Sadly, you agree to be soothed by the group that is suing you and don’t get professional help.  A few weeks pass and you have been disqualified for a loan mod and the bank owns your home.  100% failure rate for loan mod in this scenario.   Again, there just was no real fighting chance.  The bank mislead you and worse yet they advised you to do things that did not protect you from foreclosure.  What would have happened if you had had a forensic audit completed and had somebody who knows how to handle the banks working on your side?

Scenario Three: The Hamp Program.  You’ve been prequalified and you know you are going to make it.  You make your three payments and you do all your paperwork.  Somehow, the three months turns into 9 months, but you actually got the loan mod.  2% to 4% success rate.

Scenario Three A: Despite the above, somehow the bank found a way to take all that money from you and then disqualify you.  You are now in foreclosure and worse still they’ve identified all your “missed payments” as reason to go ahead and give you a auction date too.  Now you find that you have two weeks until they auction off your home.  100% failure rate for a loan mod in this scenario.

Scenario Four: You hire an attorney and let him deal with it all.  25% to 50% success rate in this scenario.  (Most attorneys do not use forensics – sadder still – they think forensic audits are not necessary.  How incredulous is that:  “No Mr. Homeowner, we don’t need the laws of the land that have been passed since as far back as 1969 to protect you to get the bank to stop misleading, lying, and falsely advising you,” Mr. Attorney replied.  – That’s not even a fifty/fifty chance.

Scenario Five: You hire a loan mod company and let them deal with it all 25% to 50% success rate in this scenario.  Same thing:  No forensic audit.  No leverage, no way to truly negotiate – only puppets of the bank.

Scenario Six: You learn there is a company that has the edge – they do forensic loan audits.  Then they negotiate new terms with your lender.  The banks tell you those companies are scams, the attorneys tell you the same, and of course the loan mod companies tell you that you just need to qualify at the bank and they know how to “make” you qualify so again you don’t need a forensic audit.  Yet the people are losing their homes with these attorneys, banks, and or loan mod companies.  Homeowners should always arm themselves and never lose sight of the fact that federal laws protect them.  Lenders violated them.  Attorneys don’t always know those laws and thus can’t work with them, loan mod companies only know how to “bash” those laws.

A Forensic audit is a very precise examination of the federal laws that guide lenders when issuing loans and protect homeowners from ending up on the road to foreclosure.  If you are not using them, then your chance of success is dramatically decreased.

Tila Solutions is the premier company for forensic audits. Their success rate for saving homes from foreclosure using forensics, negotiations, and a host of other tools has them elevated to a 90 percentile range.  Moreover, Tila Solutions can actually help homeowners who have lost their homes and want them back.

Tila Solutions Consultants are available to discuss your situation and the loan the lender gave you.  They’ll look to see if there are any signs of a predatory loan, they’ll review to determine if there have been any predatory actions against you by your lender.  They will discuss how to proceed and if foreclosure is becoming a crisis, review options and solutions.  A Tila Solutions Consultant is available for you by telephone at 1- 307  459  0232.  Or you can visit the Tila Solutions website at http://www.tilasolutions.com.  They will help. They are on your side.

Tags: Forensic Loan Audit, Stop Foreclosure, Tila Solutions, Tila, Forensic Loan Review, Mortgage Audit, predatory loan, Fraud, Loan Modification, loan mod foreclosure, mortgage fraud, Loan modification, foreclosure information, short sale, 2 stop foreclosure

Why Are You Listening to Your Lender?

Looking around on the internet, one very clear statement comes across – Lenders lie to homeowners. Why are you listening to your lender? The most common lie is that the lender really wants to help you, and is working on a loan mod for you, but actually he is just stalling while he waits for the foreclosure to complete.

Tila Solutions saves homeowners from these lies every day.  Tila Solutions conducts forensic loan reviews for homeowners. Tila then helps them get a loan mod, using those results to show the lender that he has given the homeowner a predatory loan. The forensic audit shows that there are numerous TILA and RESPA violations (and often there is fraud) in the loan.

You can find thousands of stories online that show what is happening to homeowners.

The lie: “We are working on a loan mod for you.”

The truth: “We are foreclosing on you and expect that you will be stupid enough to ignore the foreclosure proceedings waiting for the loan mod that will never come.”

Here s an example of the lies from Rip Off Report (a small excerpt only) – as far back as 2002!

“My loan was assigned to Chase in February of 2002. Chase contacted me in December of 2003 offering me a loan modification. This sounded good to me because I was struggling due to a horrible payment plan they offered me when I had fallen behind in May of 2003 due to an illness. At that time, they took me from paying $710 to $1,310. In hindsight, this is when I should have gotten an attorney involved.

“I was given the particulars of my new “loan modification” by a Chase representative and was waiting to receive the papers to sign. I waited six months! I called and I called and I called again. I finally called a lawyer. Once Chase received his letter, they responded to me. They responded by telling me that they would not give me the modification that “I” had requested, and that I should find a way to either pay off my entire loan or get financing elsewhere. I was in shock!

“Little did I know, this was only the beginning. What Chase failed to tell me was that, while I was waiting for my loan modification papers, they had commenced foreclosure proceedings against me. “Phyllis Riverdale, New York

Heres another:

“My complaint concerns the Loan Modification that I’ve been dealing with BofA and BAC Home Loans since October of 2009 to help me with my Mortgage payments. ”
“My home equity loan was with BOA for 4 years. When BAC took over and talked to me about their Loan Modification Program, they started splitting my payment letting me pay only half of my mortgage. In the meantime, BAC will be looking into my loan to see if I qualify for a Loan Modification. I sent in all the requested docs, never make a Late Payment, and now after six months BAC is telling me that I have not been accepted into the program and I have to pay the full amount of $16, 051.01 by April, 24 2010 (They NEVER mentioned that if I do not qualify I have to pay whatever the full amount is by he time that they finish the paperwork) They are not giving me the chance for a repayments plan. I looks to me that they are trying to force me out to pay this amount if not I am going to lose my house! I need someone to help us. We have no other choice but to send this letter to everyone to know about this after they told us and told us that we would get help! ”

Today, many homeowners contact Tila Solutions looking for a solution to get their lender to stop disqualifying them, and stop the foreclosure process on them.  Through the use of Forensic Loan Audits, Tila Solutions does just that.  First they investigate.  Then they negotiate.

Thousands of homeowners are stuck in predatory loans today.  It was actually the first round of lies from the lender – “these are good loans, and you can always refi in a year or so.” No they were loans that put you on the road to foreclosure the moment you signed the documents and the lenders knew it!

There are several federal laws that protect borrowers.  A Tila Solutions Investigation locates the laws the lender violated, and uses that information to get the lender to give you a loan mod.  You can find out more about Forensic Loan audits and predatory loans at tila-y.com.

You do not have to let the bank rip you off.  Just contact a Tila Solutions Consultant.  They can help you.  Tila Solutions uses loan Forensics to locate all the federal laws that were violated when the lender gave you the loan.

Contact a Tila Solutions Consultant at 307 459 0232 or visit their website at http://www.tila-y.com/. They can help you – often when nobody else can.

Tags: Tila Solutions, Tila, Tila-y, Loan Mod, Loan Modification, Forensic Loan Audit, Loan forensics, Foreclosure, stop foreclosure, predatory loans