Entries tagged loan mod

Illegal Foreclosures are Opening Loan Mod Doors

Let’s take a look at some of the more common illegal foreclosures: The lender who is foreclosing on you is not the lender on your deed of trust.  This is ok if all the proper assignments are recorded.  Of course, the lenders set up MERS and very few loans have the proper chain of title.  [...]

Published: November 6, 2010

Statistics Reveal at Least Half the Foreclosures are Cured-Foreclosure Profitable to Banks

In most states, foreclosure is initiated after three payments have been missed.  In most states, the beginning of foreclosure is a document known as the notice of default.  It will be mailed to the property address, and often nailed to the door of the property as well.  In some states foreclosure is judicial – meaning [...]


Predatory Servicing Practices are Causing Many to End up in Foreclosure

Thousands of people are losing their homes to foreclosure or filing bankruptcy to prevent the loss of their home through foreclosure every month. In fact, recent reports from industry insiders are claiming that there are more than 7,000 bankruptcies being filed each day, while some have projected that big banks like BofA and Wells Fargo [...]

Published: August 10, 2010

How Can You Tell If You Have a Predatory Loan?

Tila Solutions Consultants are contacted every hour of every day by homeowners who are trying to understand what a predatory loan is and to determine if their loan is a predatory loan. They feel the need to make sense out of their downward spiraling financial situations that seems to be far beyond any ordinary financial [...]

Published: August 2, 2010

Restoring Your Credit Scores is an Essential Part of Financial Recovery

If you are like so many people today, the down trending economy has left you under employed or unemployed. You may have struggled for many months attempting to save your home from foreclosure, and hopefully you did not lose it like so many have. But probably in your attempts to save your home, your credit [...]

Published: July 28, 2010

Why Are You Listening to Your Lender?

Looking around on the internet, one very clear statement comes across – Lenders lie to homeowners. Why are you listening to your lender? The most common lie is that the lender really wants to help you, and is working on a loan mod for you, but actually he is just stalling while he waits for [...]

Published: July 21, 2010