A loan modification is a better alternative than deed lieu of foreclosure


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deed lieu of foreclosure doesn’t have to be the only way to stop foreclosure of your home

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A loan modification is a better alternative than deed lieu of foreclosure

  1. 1. A Loan Modification Is A Better Alternative than Deed Lieu of ForeclosureVisit us at http://www.tila-now.com
  2. 2. With foreclosure rates remaining at record highs, a sizeable amount of homeownersare understandably very concerned about what they can do to protect themselvesfrom having to go through the traumatic process of losing their home to foreclosure.Some people have attempted to short sale their home as a way to avoid foreclosure,which has a very miniscule success rate. This has led people to attempt to avoidforeclosure by entering into an agreement with their lender known as a deed lieu offoreclosure.A deed lieu of foreclosure is where the deed to your property is given over tothe bank in order to avoid foreclosure proceedings. The appeal of this process isthat the borrower is able to avoid the public stigma that accompanies a foreclosureauction. Visit us at http://www.tila-now.com
  3. 3. It also does less damage to the credit score of the borrower and can give morefavorable terms than what the borrower might receive in a formal foreclosureproceeding.While this can be beneficial to a lot of people, there are other options available thatcan help you stop foreclosure other than short sale or deed lieu. Aloan modification could be just what you need to make your monthly paymentsmore affordable so you don’t have to worry about losing your home.The only trouble is mortgage modification approval rates are also incredibly low –around 20% - because lenders simply don’t have any incentive to help you keepyour home. They make more money by keeping you in a predatory loan for as longas possible, then reselling your home after foreclosing on it. Visit us at http://www.tila-now.com
  4. 4. By working with a qualified loan modification attorney and using a solution such as aforensic loan audit, you raise your chances of being able to negotiate with yourlender for a loan modification that can adjust the terms of your mortgage to a morereasonable and affordable amount.Many mortgages have violations at the state and federal levels, and may have beenimproperly securitized which means that these lenders cannot legally foreclose onyour home.If these violations are discovered as part of a forensic loan or securitization audit,this could give you the evidence you need to take legal action against your lenderand keep you from handing the deed to your property over to the bank with a deedlieu. Visit us at http://www.tila-now.com
  5. 5. This is why if you need foreclosure help, you should not hesitate to contact TilaSolutions to give you the foreclosure help you need. For over a decade, TilaSolutions has been looking out for the homeowner with their forensic loan audits andsecuritization audits.If you need help stopping foreclosure, a Tila Solutions Consultant is available bytelephone at (702) 508-0335. Or you can visit the Tila Solutions website atdeed lieu. Visit us at http://www.tila-now.com