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Foreclosure rates remain at record highs across the country, and millions of homeowners are still at risk of losing their homes to predatory loans that they unknowingly became victims of. It is estimated that about 80% of all home loans have multiple TILA and RESPA violations. These violations have placed many homeowners at risk of losing their homes to foreclosure. This has led to many people trying to escape from predatory loans by using a document review known as a forensic loan audit that can provide evidence of these violations as well as other examples of predatory lending.
A forensic loan audit will make sure that your loan complies with all state and federal predatory lending laws, such as RESPA, TILA, HOEPA, UDAP, ECOA and OCC. Lost documents, incorrect appraisals, improper notices and other violations that are becoming increasingly commonplace when dealing with a predatory lender means that a large number of mortgage loans could be legally unenforceable. A forensic loan audit that has the potential to give you legal recourse against your lender will help them sit up and take notice of you, and potentially move you to the front of the line when it comes to renegotiating the terms of your loan through a loan mod.
Remember: the predatory lenders engaging in these underhanded practices do not care if there are any of these violations just as long as you keep writing a check out to them every month. This is why it is extremely important that you take advantage of every available resource such as loan audits to help protect your money and your investment. Many banks don’t have any incentive to grant a loan mod to customers, which is why the approval rate remains around 20 per-cent. Going to them with a forensic loan audit in hand shows that you mean business, and you will not be taken advantage of.
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 what is foreclosure.
