A Forensic Mortgage Loan Audit can become a homeowner’s most powerful weapon to use against his or her Mortgage Loan Company. Anytime that a homeowner can find errors or violations contained inside his or her mortgage loan paperwork, then he or she can take legal action against his or her mortgage loan company. Almost all of the Forensic Mortgage Loan audits that are performed find major consumer protection act violations or Truth in Lending Act violations or significant errors in the mortgage paperwork.
The U.S. financial Crimes Enforcement Network of the U.S. Department of Treasury is currently analyzing an alarming spike in Mortgage Loan Fraud committed with the complicity of industry insiders such as mortgage brokers, real estate agents, property appraisers, and settlement agents (attorneys and title examiners). The Federal Financial Institutions Examination Council reported: “Mortgage loan fraud is growing because it can be very lucrative and relatively easy to perpetrate, particularly in geographic areas experiencing rapid appreciation.
If your mortgage loan has a violation, then a loan modification would be in the best interest of the homeowner and the lender. You can request a reduction in the interest rate and principal. The lender will approve of your requests because the mortgage loan company will be able to avoid more expensive legal action and STIFF penalties resulting from legal action initiated by the homeowner.
Mortgage Loan audits allow homeowners to get the “upper-hand” against their Mortgage Loan Lenders in terms of STOPPING FORECLOSURE proceedings as well as obtaining very “hard-to-get” modifications of your mortgage loan terms and lowering your monthly payments, lowering your interest rate, or even rescind your entire mortgage loan (if necessary).
The Benefits of me getting a Mortgage Loan Audit.
Access to knowledge is power. Wouldn’t you consider it to very beneficial to your household, if you could identify and decipher all errors and/or lending violations found inside the paperwork of your Mortgage Loan? If you discover that your mortgage loan documents contain errors or violations committed by your Lender then you will be entitled to a settlement or compensation from your Mortgage Loan company. The settlement or the compensation may be in the form of taking care of your attorney fees, modifying the terms of your loan to make your monthly mortgage payments more affordable or altering the terms of your mortgage loan or terminating the Foreclosure of your precious home.
How is my Mortgage Lender taking advantage of me?
Protect yourself against Mortgage Loan Lending practices which takes advantage of your hard earned money. Did you know that loan officers who originate mortgages, real estate agents and brokers, title companies, real estate attorneys and various other entities involved in the home buying process or the mortgage transaction process are committing Mortgage Loan violations at a very disturbing rate? According to the U.S. Department of Housing and Urban Development, "too many families are suffering today because of a growing incidence of abusive practices in a segment of the mortgage lending market."
Mortgage Loan Modification
A Loan Modification is a permanent change in the terms of a Mortgage Loan. The Mortgage Loan will still be active but the Mortgage Loan will also include a monthly payment schedule in which the homeowner can afford. Do you have an adjustable rate mortgage? If your mortgage loan has adjusted or is in the process of being adjusted, then your best option to modify your mortgage loan is to examine your mortgage loan paperwork utilizing an official mortgage loan audit. This should be your first step in an attempt to modify your home loan to accommodate your financial situation, especially since most homeowner keep getting declined for refinance loans or you owe more than your home’s value or you are facing foreclosure.
Can a Mortgage Loan Audit stop Foreclosure?
If you are facing FORECLOSURE and for some reason or another, you discover that your Mortgage Loan has various violations or errors inside the paperwork, then you can LEGALLY STOP the foreclosure proceedings associated with that particular Mortgage Loan. You can protect your home from Foreclosure until the time in which the dispute is settled.
Did you know that you, as a homeowner, can STOP making monthly payments on your Mortgage Loan while there is a dispute between you and your lender related to your Lender committing violations in regards to your Mortgage Loan. Your settlement or your compensation in this dispute may include (under certain conditions) the amount of money that you paid as interest payments being refunded back to you (from your Lender).
Ways in which you can prevent Foreclosure
If you are in FORECLOSURE, the best way to STOP your foreclosure is to get a mortgage loan audit and then you can proceed to have your mortgage loan modified or in most cases, get excessive fees or interest payments refunded back to you.
Can you take Legal Action in court against your Mortgage Legal? Yes, you can. A Mortgage Loan Audit report can be a very useful weapon to initiate Legal action against your Mortgage Loan Company or renegotiate a more favorable Mortgage Loan which will benefit you!
Your audit report can be a very effective Legal tool to use for Foreclosure defense litigation, renegotiating a forebearance agreement or modification of your current Mortgage Loan.
Resolve Financial & associates provide forensic mortgage loan audit services that will identify numerous federal, state, and local violations such as RESPA, HOPEA, TILA, ECOA, FDCPA and other potential fraudulent actions that your loan my contain.
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