By this time, most American homeowners are in need of a loan modification.  Sadly, most American homeowners are also being denied for a loan modification.  Why is this?  In many cases, the homeowner is never told why.  His home is just auctioned off.

Since, most lenders will not reveal the criteria for approving or disapproving a loan modification, most homeowners find themselves unable to combat the situation and save their home.

So-called “Experts” in the industry are stating that the major reasons why homeowners are turned down for loan modification stems from the fact that they do not make enough money.  The utter ludicrous nature of this statement floors most distressed borrowers.  The whole reason they requested a loan modification was because they do not make enough money to pay the existing loan.

And in so many instances, this is because the loan they were given violates the federal laws that protect them as a borrower.  It was inevitable that they would end up in the soup, the borrower is in a predatory loan.

There’s a couple of things that need to be understood.  First, the bank doesn’t want to give a loan modification—there’s no money in it for the bank.  Thus, they will, in 80% of the cases where homeowners are working directly with the bank, deny the loan modification request.  Second, the reason that they can claim that the homeowner doesn’t make enough money is because the homeowner does not have a forensic audit done on his loan, which would clearly show that he is in a predatory loan.

This allows the bank to just work with the original numbers of the predatory loan, and easily decide that the homeowner doesn’t qualify.  Here’s the missing point:  under a scenario like that: the predatory lender is attempting to modify a predatory loan, and thus if he did approve the homeowner for a loan mod, it would in fact be nothing more than a predatory loan mod.

Thus the question: what does it take to get a loan mod, should be revised.  What does it take to get a valid loan modification that will not just put the homeowner right back in foreclosure?

The process needs to start by the homeowner recognizing, his chance of getting a loan mod are only 20% unless he gets some professional representation on his side.  To choose proper representation, he needs a firm that will conduct both forensic loan audits and securitization audits, as well as negotiate the loan mod on his behalf.

The Forensic Audit will show that the original loan was predatory, in violation of federal laws, and in almost all cases prove that the homeowner never qualified for the loan in the first place, and the bank issued a predatory loan product to the homeowner.  That gives ground to a much stronger case for a principal balance reduction.

A Securitization Audit is a must for any homeowner currently in foreclosure.  It will determine if the lender even owns the correct paperwork to conduct a legal foreclosure.  Most do not.

These tools when coupled with an artful and experienced loan mod negotiator will almost always produce the end result of a successful loan mod for the homeowner.

Tila Solutions is one of the few companies that provides all these services and is held in high regard by many different entities – even the banks.  The homeowner can use the findings of these audits as a real defense to get a loan modification negotiated (which Tila Solutions will do for them).

So if you think you have a fraudulent or predatory loan, then take the time to give yourself the best chance for loan modification success.  Take action, stop foreclosure, and get Tila Solutions on your side to negotiate a loan mod for you.  Call Tila Solutions at (702) 508 0335.  They can help.  Or visit their website for Loan Modification help today.