Don’t lose sleep wondering what is foreclosure


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Foreclosure doesn’t have to be as scary as it seems if you know your options

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Don’t lose sleep wondering what is foreclosure

  1. 1. Don’t Lose Sleep Wondering What Is ForeclosureVisit us at
  2. 2. During this holiday season, foreclosure rates remain at historic highs. There arecurrently millions of homeowners who are having a hard time feeling any sort ofholiday cheer due to living under the looming threat of house foreclosure.Foreclosure is no longer just an occasional sad story you hear, it seems to besomething that people discuss any time mortgages or loans or the economy ismentioned. But do we really have a good understanding of what is foreclosure?Foreclosure is a legal process where the property of a borrower is taken possessionof by a lien holder, which is usually a lender, after the borrower has fallen behind ontheir loan payments and their mortgage loan has gone into default. Once the houseforeclosure is complete, it becomes the lender’s property. Visit us at
  3. 3. Then the lender is able to sell the property and keep any proceeds in order to pay offits mortgage and any legal costs that have been incurred.If your house is already in foreclosure, you do have options that you can takeadvantage of to stop foreclosure and save your home. If you have had dealing withpredatory lenders such as Bank of America, Countrywide, JP Morgan Chase, USBank, GMAC, Wells Fargo or others, a securitization audit may be a good option foryou. A securitization audit will examine your loan documents and look for issuessuch as robo signing or other issues.Just having a securitization audit as evidence that the bank was involved in anillegal foreclosure can make the bank more willing to negotiate terms and stopforeclosure proceedings. These audits can also be solid evidence in trying to obtaina permanent loan modification. Visit us at
  4. 4. Another option, known as a forensic loan audit can also be an option for you if youare struggling to make payments and are attempting to get a mortgage modificationfrom your bank. With a forensic loan audit, your loan will be examined forirregularities at both the state and federal levels. If any such violations are found, thedoors are open to pursue litigation against the banks.Most lenders, especially predatory lenders, would much rather negotiate a mortgagemodification than be forced to pay back thousands in fees and interest by the courts.Once you understand exactly what is foreclosure, it doesn’t have to be as scary as itseems. It will still be a very stressful emotional ordeal to face, but you should knowthat you do have options other than simply giving up and walking away from yourhome. Visit us at
  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 auditsand securitization audits.f you need help stopping foreclosure, a Tila Solutions Consultant is available bytelephone at (702) 508-0335. Or you can visit the Tila Solutions website at helploan. Visit us at