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Forensic Loan Audits – Helping You to Stop Foreclosure
Did you know that regardless of your financial background/credit history that Forensic Loan Audits can help you to stop foreclosure? Forensic Loan Audits offers a wide array of loan modification services and strives to meet the needs of people just like you. As you’re probably already aware, home foreclosures are becoming more and more common. People have absolutely no idea that there is anything they can do. Fortunately there are mortgage loan modifications available to help you to avoid losing your home.
Most people believe that the only thing left for them to do is to obtain more money. The good news is that you don’t have to worry about obtaining a second job because obviously, the economy is in pretty bad shape. Chances are that you’re going to need much more than extra money to help you catch up on your house payments. Recieving loan assistance and loan modification services will ultimately lower your payments, helping you to stay on track and in your home, especially when recieving financial assistance elsewhere isn’t an option.
Forensic Loan Audits will provide you with loan modification lawyers that will sit down and talk with you about all possible options. Some of the loan modification options you will be provided with include obtaining an MHA program, a deed in lieu of foreclosure, a government loan modification, a federal loan modification program, an Obama home loan modification program – just to name a few.
Since you’re in danger of losing your home, it’s quite obvious that you don’t have a lot of money. Due to rising mortgage interest rates, making home affordable payments has become an almost incomplete possibility. With a Florida loan modification attorney, you can avoid foreclosure and also save your credit.
The key to saving your credit and recieving the mortgage loan modification help that you need is to make the decision to consult with the best loan modification professionals on the market. Forensic Loan Audits have successfully been able to help countless individuals avoid home foreclosure by personally handling specific cases using their own set of professional expertise.
The first step is to set up an appointment to speak with an experienced loan modification attorney to discuss various loan modification options. You’ll need to gain an understanding of just what it is that we can do for you before you can go any further. A loan modification specialist will sit down with you and inform you with all the home mortgage loan modification tips and help you need to get started. Again, there is no need to worry about money, as the loan modification attorney’s you’re going to be working with understand your financial circumstances and our policy is ( NO UP FRONT FEES ) on LOAN MODIFICATION.
After taking some time to discuss your loan modification options with a loan modification Miami attorney, you will be able to make a more informed decision about your situation. If you have any additional questions, you can always contact the loan modication help line at Forensic Loan Audits. If you choose to proceed with your loan mortgage foreclosure case, you can trust in the fact that you’re making an intelligent choice.
Our specialists are very familiar with the best loan modification companies, actively helping people find a solution to their problems. After applying for an attorney-based loan modification, it shouldn’t be too much longer until your situation is stable and you’re back on the right track toward keeping your home and are also out of debt.
The #1 goal of the mortgage audit is to determine whether there were mortgage loan violations of federal law. If these violations are found in the mortgage loan documents, then the borrower may be eligible for complete relief of the predatory loan or a very favorable loan modification. Complete relief of the predatory mortgage is called as a loan rescission. Meaning the lender takes back the “predatory loan” and awards or credits back to the borrower all interest made on payments thus far, loan origination fees, all applicable lenders fees, penalties and attorney’s fees. However, in most cases the borrower may be ineligible to rescind their loan because they are just too far underwater to obtain a mortgage and their credit rating may have been adversely affected by the loan that has cause them pain and suffering.
The most common option is just to mediate the loan with your lender and fight for an affordable loan modification based on the legal violations on the loan. Everyone wins here. The homeowner has their loan fixed and may have their principle balance may be reduced also. The lender does not lose their shirt because they have mediated the matter without employing their full legal staff on the file and wasting operating expenses. What do we do on a forensic loan document review for attorneys or borrowers? Let me tell you.
What is a Forensic Loan Audit? A forensic Loan Audit is an audit on loan documentation to uncover violations and errors. It is an extensive comprehensive review and investigation into the homeowners/borrowers existing loan….
THE MAIN TYPES OF VIOLATIONS ARE AS FOLLOWS:
- GOOD FAITH GUIDELINE VIOLATIONS
- BORROWER APPROVED FOR LOAN THAT THEY ARE NOT ABLE TO REPAY
- TRUTH IN LENDING VIOLATIONS
- REAL ESTATE PROCEDURES ACTS VIOLATION
- NO NET BENEFIT TO BORROWER (If there is one of these types of violations in the loan audit, there is a very high chance a loan modification can go through and even result in the repayment of interest back to the borrower/homeowner).
FORENSIC LOAN DOCUMENT AUDIT
Complete client interview and all applicable parties
Complete loan document and disclosure audit by 30 year underwriting and fraud and compliance mortgage professional
Truth in Lending Act (TILA) and Real Estate Settlement & Procedures Act (RESPA)
Reverse engineering of your loan terms and Annual Percentage Rate (APR) for possible TILA violations
Complete 15 page report with all violations and findings.
CONSTRUCTIVE FRAUD
Material facts include the terms of the loan, whether there is a prepayment penalty, or any other information which a reasonable borrower would want to know before accepting the loan. Did the broker or loan officer or anyone working for the broker or loan officer fail to disclose any material facts to the borrower?
FRAUD AND NEGLIGENT MISREPRESENTATION
Were any representations, statements, or comments, written or oral made by the loan officer, broker, notary or anyone else who contradicted the terms of the documents?
NEGLIGENT MISREPRESENTATION
When a mortgage professional makes errors which a reasonably diligent mortgage professional would not have made, he or she may have made a negligent misrepresentation.
BREACH OF CONTRACT
The note and its attachments are a contract. The broker must follow all the terms of the contract such as the way the interest is calculated, and the penalties it assesses. Were there any terms in the contract which the lender failed to follow?
LOAN AUDIT REPORT
Results report of all factual findings of the forensic audit
Any and all applicable federal law violations
The real terms of your loan
Outline of hidden fees and/or commission earned by your broker or lender
A complete assessment so you can pursue possible legal claims against your broker and/or lender
AVAILABLE IN ALL 50 STATES
