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Wednesday, 7-Mar-2012 07:52 Email | Share | | Bookmark
Don’t Give Your Bank Your Home With A Deed Lieu of Foreclosure T

As we are all aware, foreclosure rates in this country remain at record highs. The holiday season can be incredibly stressful as it is, without even thinking about the emotional rollercoaster that being faced with an impending foreclosure can put you on. This is why people – especially at this time of the year – become very determined to find a way to avoid losing their home to foreclosure. People will use a variety of methods, such as trying to receive a loan modification on their mortgage in order to reduce their monthly payments to something they can have an easier time affording, to the short sale of their home and something else known as a deed lieu of foreclosure.

A deed lieu of foreclosure, simply put, is when you transfer the deed to your property over to your lender in order to avoid losing your home to foreclosure as well as the public scrutiny and embarrassment of foreclosure proceedings. It’s kind of like handing over your lunch money to a schoolyard bully before you are even threatened. It has become an increasingly popular method for people to avoid foreclosure since it has less of a negative impact on the homeowner’s credit score than losing the property to foreclosure would. That does not mean that a deed lieu is your best option to avoid foreclosure, however.

One alternative to handing over your property to the bank with a deed lieu and avoid losing your home to foreclosure is by using evidence provided by detailed securitization audits as well as forensic loan audits, not to mention working with a qualified loan modification attorney to help you. A forensic loan audit will go through and carefully examine your loan documents for any violations in TILA and RESPA on the part of your lender, and can provide the leverage you need to negotiate favorable terms on a loan modification. A securitization audit is there to determine if your home loan has been securitized in a correct and legal manner. You would be amazed at the violations your lender has committed that these audits can find. Forensic audits and working with a loan modification attorney can help you keep your home.

Foreclosure is an incredibly stressful time. Tensions and emotions run high, and it is hard to keep a clear head. Sometimes it can just be too much, and you simply want it over with. That is what the banks count on so you will simply hand your home over to them with a deed lieu. 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 deed lieu.


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