A Loan Modification Attorney Can Help You Turn The Tables On Predatory Lenders
Over the course of the last ten years or so, we have seen homeowners taken advantage of by predators preying on them. Mortgage loans that people could not afford and would eventually be forced to default on and then face foreclosure were being handed out left and right by predatory lenders such as Bank of America, US Bank, JP Morgan Chase, Wells Fargo and GMAC.
These predatory lenders were nothing more than financial vampires, sucking the blood from the American homeowner until there was nothing left. Because of their reckless, unethical and illegal behavior, millions of homeowners have been forced to deal with the horrible ordeal of losing their home to foreclosure. Things got so out of hand the government had to step in and try to do something to help protect American homeowners, so they created HAMP.
The HAMP program was designed to help people who were at risk of defaulting on their loans and going into foreclosure. What HAMP would do would make it easier for homeowners in need to obtain a loan mod on their mortgage, that would give them lower interest rates and better terms on their mortgage so their monthly payments would be easier to afford.
This program has not worked out as intended, however, and we see lenders such as Bank of America and JP Morgan Chase continue their predatory lending practices while denying almost 80% of all applicants that have applied for loan mods on their mortgage. Once they have been denied a loan mod, homeowners are told that they have no other option but to apply again for another loan modification. While the homeowner is trying to straighten things out and obtain some form of help from their lender, their lender is already making preparations to foreclose on the property before a verdict has even been reached.
People are led to believe that they have no other options, that there is no additional help available, that if you are facing the foreclosure of your home that it is your fault and not the fault of banks who have lied and deceived and defrauded you at every possible opportunity. You do have options though. You can fight back.
By working with a qualified loan modification attorney, and having a forensic loan audit that will examine your loan documents for violations in TILA and RESPA on the part of your lender performed on your home loan documents, you can get the help and leverage you need to get your bank to negotiate favorable terms for a loan modification for you.
This is why if you need foreclosure help, you should contact a reputable audit company such as 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, and they can put you in touch with a reputable loan modification attorney. 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 predator preying.
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