At this juncture, most American homeowners are in need of mortgage modifications.  Sadly, most American homeowners are also being denied mortgage modifications.  Why is this?  In many cases, the homeowner isn’t told why.  His home is just auctioned off, and he is left to wonder why.

In many cases lenders will not reveal their unique criteria for approving or disapproving mortgage modifications, thus most homeowners find themselves unable to combat the situation and save their home.

“Experts” in the industry are stating that the major reasons why homeowners are turned down for mortgage modifications stems from the fact that they do not make enough money. This is a statement that has most homeowners completely taken aback – that was the reason they applied for mortgage modifications.

And in so many instances, the only reason they don’t make enough money 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 with a financial mess on their hands: the borrower is in a predatory loan.

There are things to understand.  First, the bank doesn’t want to give mortgage modifications—there’s no money in it for them.  Thus, they will, in 80% of the cases where homeowners are working directly with the bank, deny these mortgage modifications.  Second, the reason that they can claim 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.  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 a predatory loan mod, this explains why so often people with loan mods still end back up in foreclosure.

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

The process needs to start by homeowners recognizing their chances of getting mortgage modifications are only 20% unless they get some professional representation on their side.  To choose proper representation, they need a firm that will conduct both forensic loan audits and securitization audits, as well as help them find a good loan mod attorney to help negotiate the mortgage modifications on their behalf.

A good 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. The bank issued a predatory loan product to the homeowner and that gives ground to a much stronger case for a principal balance reduction.

A Securitization Audit is an absolute must for any homeowner currently in foreclosure.  It will determine if the lender even owns the correct paperwork to conduct a legal foreclosure.  Usually, they don’t.

These tools when utilized by an experienced loan mod attorney will almost always produce the end result of a successful mortgage modification for the homeowner.

Tila Solutions is an audit company that specializes in providing forensic loan audits and securitization audits.  They are well respected and admired in the industry.   Homeowners can provide the findings of these audits to their legal representation to use as a real defense to get mortgage modifications negotiated.  Tila Solutions will help customers locate a good foreclosure defense attorney or loan modification attorney if they don’t already have one.

Mortgage modifications can be successfully achieved.  Take action and get Tila Solutions on your side. Call Tila Solutions at (702) 508 0335.  They can help.  Or visit their website at mortgage modifications

You don’t have to lose your home to the bank!  In fact, you CAN save your home and you CAN get a mortgage modification.