| How To Stop Foreclosure With A Forensic Loan Audit |
| Articles - Mortgage |
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Before you closed on your mortgage for your home did you ask any of the following questions:
Before you closed on your mortgage for your home did you ask any of the following questions: Is there anything missing from the paperwork? Are these "good faith" estimates good? Are the payment representations right? How do we know that the broker isn't double-dipping? Why isn't there any documentation of income? Chances are not one of these questions even came to mind. Most people are so happy when purchasing their home they just walk into the closing expecting that the documents they sign are in compliance with present laws. However, in many cases one or more laws are violated pertinent to Real Estate Settlement Procedures Act (RSPA), Truth-In-Lending Act (TILA), and Article 32 Predatory Lending. The unsuspecting homeowner has no idea that these violations even happened. For the homeowner facing possible foreclosure discovering if any laws were broken when your mortgage was originated could mean the difference between losing and saving your home. Loans with infractions are not enforceable. Foreclosures resulting from loans with infractions are also not enforceable.  A Forensic Loan Audit is an extensive investigative report used to spot infractions and violations that may or may not have been perpetrated by the mortgage lender or broker when they originally funded a loan. Loan audits are often used in the loan modification process as leverage in the negotiation process. This report is important because it underlines laws that were broken, if any, by mortgage lender or broker. An attorney can compel your mortgage lender to take action on your case in your favor, and a forensic loan audit can help to successfully restructure your mortgage. Majority of sensible mortgage lenders will choose loan modification when presented with the legal facts. As they say, "never take a knife to a gun fight." It is in your best interest to obtain the services of an experienced loan modification attorney to help and guide you through the process. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. For the best loan modification attorney in the country contact janian and associates for a free consultation. |