Currently, every Bank’s Foreclosure Department operates at maximum efficiency, smoothly running through the processes required to foreclose on you in “a timely fashion”.
Meanwhile, the Loan Modification department, whose job is to “help” you stay in your home, operates like the three stooges (losing faxes, asking for the same thing over and over, transferring you to [...]
A Forensic Loan Audit helps with commercial loans as well as a residential loan. If you have been turned down for a loan mod then contact a Tila Solutions Consultant. You do not have to wait to do an audit as a means to stop foreclosure. Get it before foreclosure even begins! [...]
Once you have missed a payment the lender is not your friend. Missed payments equal more money for the lender. The more the lender gets, the happier he is. The best way for the lender to get more money out of you is to increase your monthly payment through accrued interest from late payments or [...]
Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. With leasing services, your business can get access to all the high end equipment with less investment. Business needs proper equipment to function. You can [...]
Mistake #1: They Have Unrepaired Credit
Your credit score and credit report are, unfortunately, a key factor in how a lender will determine what kind of interest rate they can offer you, while mitigating their own risks as much as possible. For this reason, it’s very important to work on improving your score and removing unwanted [...]
Many times I am contacted by mortgage clients asking about what my best mortgage rate is. It is common to believe that everything is an apples vs. Apples comparison with regards to mortgage rates, and that the lowest rate is always the best deal. However, this is often not the case.
Borrowers often overlook the terms [...]
This is a common question especially among first time homebuyers, and it is one that deserves a good explanation. A lot of people are surprised when they learn that they do not qualify for a mortgage loan at the low mortgage rates that are being promoted on television commercials and that may [...]
A mortgage contract is usually the largest financial event in most people’s lives. And yet I’m convinced that the majority of people will spend more time researching and evaluating the purchase of a toaster oven than they will with the details surrounding their home purchase.
And as we’ve certainly seen in recent times with the housing [...]
Imagine a situation where you sell a home and basically agree to finance the mortgage via owner financing. Traditionally, somebody who was interested in purchasing a home would obtain financing from a bank or some other lending institution. However, there are instances where the owner of a home may decide to provide financing by essentially [...]
When a homeowner is rejected for a loan modification by his lender, a Forensic Loan Review is the critical first step that he or she should take to resolve the situation. A homeowner does not have to wait until he needs to stop foreclosure to get a Loan Audit done. In fact, the wise [...]