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With foreclosure rates being so high, many people have sought relief so they can be spared the tremendous stress and emotional rollercoaster that comes with foreclosure.  People have tried different ways of trying to avoid foreclosure, ranging from the short sale of their home, a loan modification to reduce their monthly payments to something affordable, and deed lieu of foreclosure.

What is a deed lieu of foreclosure? Simply stated, a deed lieu is where you give the deed of your property to your lender in order to avoid the public embarrassment of foreclosure proceedings.  It also has less of a negative impact on the credit score of a borrower than allowing your home to be taken by foreclosure would.  But a deed in lieu of foreclosure is far from your only – or best option for that matter.   

It is possible to avoid losing your home to foreclosure by using evidence provided by detailed securitization audits as well as forensic loan audits, and working with a qualified loan modification attorney to help you.  With the evidence a forensic loan audit and a securitization audit can provide, a good loan modification attorney can help you get a loan modification that would adjust the terms of your home loan to something more reasonable that you could afford.

You would be surprised at exactly how many home loans contain violations at both the state and federal levels.  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.  If it has not been done correctly, the same bank that is trying to foreclose on your loan may have no legal right to do so.  These loan audits can be very important pieces of evidence when mounting a legal defense to stop foreclosure.  Between the evidence that these audits can provide, and with the help of a loan modification attorney, you can avoid having to give up your property and hand it over to the bank with a deed in lieu of foreclosure.

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 in lieu of foreclosure.