Don’t let Foreclosure Stress Lead you to a Deed Lieu of Foreclosure

20.12.2011 | Author: ortho629 | Posted in Mortgage
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Dealing with a foreclosure is a terrible, nerve-wracking rollercoaster ride.  It is one of the hardest, most emotional experiences a homeowner can face.  Once a homeowner is told that they are facing foreclosure, they feel like that is it, there is nothing they can do, unless they try to short sale their home in order to avoid foreclosure, a process that is extremely hard and doesn’t have that great of a success rate, let the bank simply take the house via foreclosure, or try a deed lieu of foreclosure.

A deed lieu of foreclosure means that you will simply give the deed to your property to your lender in order to avoid foreclosure, as well as all the stress and public embarrassment that comes with it.  A lot of times your lender will tell you that it is the best way to go, and that it won’t have as huge of a negative impact on your credit score as losing your home to a foreclosure would have.  Of course they are going to tell you this – they get your home! What they don’t want you to know is that a deed lieu of foreclosure is not necessarily your best option, and it is far from the only option you have if you are trying to avoid foreclosure.

A securitization audit can help you stop foreclosure of your home, and keep you from having to just give your property away to the bank with a deed lieu of foreclosure.  By working with a qualified loan modification attorney and using the evidence a forensic loan audit and securitization can provide, you stand a much better chance of getting approval from your bank for a mortgage loan modification that would adjust the terms of your home loan to something more affordable.

A forensic loan audit will go through and carefully examine your loan documents for any violations in TILA and RESPA on the part of your lender, and can provide the leverage you need to negotiate favorable terms on a loan modification. A securitization audit is there to determine if your home loan has been securitized in a correct and legal manner.  If it has not been done correctly, the same bank that is trying to foreclose on your loan may have no legal right to do so.  These loan audits can be very important pieces of evidence when mounting a legal defense to stop foreclosure.

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 deed in lieu of foreclosure

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