Loan Modification Troubles?

By Helen Johnson

Is your bank giving you the run around on your loan modification?

Have you done everything they’ve asked for over and over and over and over and still they can’t seem to get you that loan mod?

Then join the millions who are struggling as you are.  I don’t know if it is possible to take comfort knowing you are not alone at this point.  But at least know this, your need for a loan mod is not because you are the bad guy.

Your lender really doesn’t want to modify your loan because in actual fact your loan has been heavily insured in case of default and he would just rather lead you down a merry path of lies and misrepresentations before he finally lowers the foreclosure boom.  Let’s face it, lowering your payment when he could just kick you out to the curb and collect the insurance money, isn’t very inviting to him.

OK so here’s the reality of today’s loan modifying lender:

His words to you: “Sure Mr. Smith, we’re gonna’ help you get that loan modification, you can just ignore that foreclosure, we are gonna’ get the modification done before that foreclosure can complete, you betcha. Just send me in that updated hardship letter, ok?”

His thoughts: “forget it bub. You ain’t gettin’ no loan mod, all I need now is this 6^th hardship letter showing that still after 14 months you have not recovered and are nothing but a big fat risk, and we can complete this foreclosure.  Woohoo I love those insurance checks!”

What would you be doing differently if you could actually read the lender’s mind?

Here’s what:  First you would get a forensic loan audit to show that the lender is at fault, and has probably committed fraud in the loan.  (Insurance policy is now null and void)

Second you’d be getting a securitization audit to show that the lender doesn’t even have the right to foreclose on you. (Oh boy, not only is there no insurance to collect, you could sue the pants off the lender for wrongful foreclosure! Now that’s sweet!)

Third you’d be getting a professional to use both of those audits to get the loan modification negotiations done for you. (Because actually, even though it may be great to go for the jugular, really, you are a decent person, and you just want to get a monthly payment that makes sense again.)

And then guess what, you’d have no more loan modification troubles!  Life would once again be so much more normal.  You go to work, you pay your bills, you enjoy your time with your friends and family.  That good old American Dream.

You don’t need to be bamboozled by loan mod troubles any longer.  Take action, investigate & then get a loan mod, stop foreclosure, or even short sell your home if you so desire (but only because that is what you want). 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 at www.tila-now.com