A sad choice facing a lot of Americans is if they cannot continue to make their mortgage payments, is if they should let the bank take the property in foreclosure, or if they should try to get a short sale on their house.
With the collapse of the housing market, a short sale has become an attractive option to a lot of homeowners who have suddenly discovered that their home is worth less now than it was when it was first purchased. A lot of lenders will encourage homeowners to try a short sale as a way to stop foreclosure, but the truth is the success rate when one tries to stop foreclosure with a short sale of their home is quite low. This is because banks refuse to approve short sales because they are priced so far below market value. It makes better financial sense to the banks to not stop foreclosure and then take their risks with a foreclosure auction of the property.
Because of this, many hardworking homeowners have been tricked into trying to stop foreclosure on their home with a short sale. There is another way for homeowners to potentially stop foreclosure that the banks don’t want people finding out about, and that is by obtaining a securitization audit.
A securitization audit will examine all of your home loan documents and will determine if your home loan has been securitized in a correct and legal manner that follows the proper procedures for the securitization of home loans. The large majority of home loans have been securitized – 85% in the last decade alone – and if this process has not been followed correctly, that same bank that is telling you to try a short sale of your home while beginning foreclosure proceedings against you may not have the legal right to do so. A securitization audit is a very important piece of evidence to have if you are attempting to mount a legal defense in order to stop foreclosure of your home.
There is currently a huge demand for securitization audits because they have become such huge help for people trying to stop foreclosure on their homes. Banks hate them for this very reason because they are so detailed and so good at proving that the securitization process was done incorrectly and preventing a short sale foreclosure on homes. Having your home undergo a securitization audit should be your first step when trying to stop foreclosure before you consider attempting a short sale of your home.
This is why if you need foreclosure help, you should contact a reputable audit company such as 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