What is Foreclosure? Visit us at http://www.tila-now.com
We hear the term far too often these days.  Foreclosure.  Foreclosure rates are rising, millions face losing their home to...
Essentially, if you don’t pay your mortgage, the bank that you have borrowed money from has the legal right to take posses...
As a result of the mortgage crisis, millions of people have been unable to keep up with the costs of their mortgage.  Sinc...
If a bank has started foreclosure proceedings against you, one of the ways to help  stop foreclosure  is to obtain a foren...
A lot of people have even been able to go back into their homes after being foreclosed upon thanks to evidence of wrongdoi...
This is why if you need foreclosure help, you should not hesitate to contact Tila Solutions to give you the foreclosure he...
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What is foreclosure?

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What foreclosure is and how forensic audits can help

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What is foreclosure?

  1. 1. What is Foreclosure? Visit us at http://www.tila-now.com
  2. 2. We hear the term far too often these days. Foreclosure. Foreclosure rates are rising, millions face losing their home to foreclosure, predatory lenders engaging in wrongful and illegal foreclosures. But just exactly what is foreclosure? The dictionary definition of foreclosure states that foreclosure is the process of taking possession of a mortgaged property as result of the borrowers failure to keep up with their mortgage payments. Visit us at http://www.tila-now.com
  3. 3. Essentially, if you don’t pay your mortgage, the bank that you have borrowed money from has the legal right to take possession of your property, meaning that if someone defaulted on their mortgage, ownership of the property would automatically go to the lender. Over the years, however, the law has been refined so borrowers can have time to pay off their mortgage before their property is taken away. It is this process, that in between time before the property is taken away, that we have come to know as foreclosure. Visit us at http://www.tila-now.com
  4. 4. As a result of the mortgage crisis, millions of people have been unable to keep up with the costs of their mortgage. Since there have been a lot of foreclosures, many large banks have started to use a system known as robo signing in order to speed the process of foreclosure up. Robo signing is when banks sign off on foreclosure documents without examination, and in many cases lie about who they are are. It is mortgage fraud, essentially, and use of a robo signer could make your foreclosure illegal. Visit us at http://www.tila-now.com
  5. 5. If a bank has started foreclosure proceedings against you, one of the ways to help stop foreclosure is to obtain a forensic loan audit. A forensic loan audit will examine your mortgage documents for irregularities. It is possible that you have a predatory loan with an interest rate much higher than it should be. 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 determine beyond a shadow of a doubt if you have been the victim of predatory lending practices such as robo signing or other state and federal violations. This can stop foreclosure proceedings. Visit us at http://www.tila-now.com
  6. 6. A lot of people have even been able to go back into their homes after being foreclosed upon thanks to evidence of wrongdoing on the part of predatory lenders. 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. Visit us at http://www.tila-now.com
  7. 7. 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? Visit us at http://www.tila-now.com
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