Loan Audits Can Help You Get a Loan
Modification
Millions of people need help. We are still feeling the effects of the outright greed of
predatory lenders such as Bank of America, JP Morgan Chase, US Bank, GMAC, Wells
Fargo and others. It did seem like we might have made it through the worst of it as
foreclosure rates, while remaining high, started to go down, but this was only because 23
states that perform judicial reviews on all foreclosure suits halted foreclosure proceedings
because of the widespread institutionalized mortgage fraud being committed by lenders,
which resulted in untold amounts of people losing their home who never should have.
The government did start a program called HAMP that would help homeowners at risk of
defaulting on their home loans receive a loan mod. However, this has not been as
successful a program as everyone was hoping, with the actual approval rate for people
applying for a loan mod is a scant 20%. The fact of the matter is these predatory lenders,
who knowingly approved predatory home loans for people who couldn’t afford to keep
up with the payments simply do not have any incentive to help homeowners in need with
a loan mod.
This is why loan audits, such as a forensic loan audit, are so important to get your bank
to take your loan mod application seriously. A forensic loan audit is designed to examine
your loan documents in detail, and search for any lending violations that will provide
clear evidence of wrongdoing on the part of your lender. With the evidence that is
provided by a forensic loan audit and working with a qualified legal professional such as
a loan modification attorney, you can greatly strengthen your argument for a loan mod,
especially since nearly 80% of current home loans have multiple violations at both the
state and federal levels. Because of this gross amount of violations the banks have
committed, most of them would rather negotiate and work to give you a loan mod instead
of continue to argue, since they would now be open to litigation and would not want to
have to deal with a court case. It will be a huge shock at how willing these predatory
lenders will suddenly become to work with you when faced with their predatory practices
being exposed by a forensic loan audit.
Not only can forensic audits help you obtain a permanent loan mod, but they can also
help you when other violations are discovered and you could potentially have interest you
have paid on your loan refunded, and in some extreme cases, have the loan rescinded
completely.
Homeowners need someone who can look out for them and help with a detailed loan
audit. Tila Solutions looks out for the homeowner. A Tila Solutions Consultant is
available for people by telephone at (702) 508-0335. Or you can visit the Tila Solutions
website at loan mod. They will help. They are not funded by the governments or the
lenders. They are on the homeowners’ side.