Before you closed on your mortgage for your home did you ask any of the following questions:
Do we have all the paperwork?
Are these "good faith" estimates good?
Are the payment representations accurate?
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 crossed your mind. Most people are so excited when purchasing their home they simply walk into the closing believing that the documents they sign are in compliance with current laws. However, in many cases one or more laws are violated connected 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 exist. For the homeowner facing possible foreclosure finding out if any laws were violated when your mortgage was originated could mean the difference between losing and saving your home.
Loans with illegalities are not enforceable.
Foreclosures resulting from loans with infractions are also not enforceable.
A Forensic Loan Audit is a thorough investigative report used to detect infractions and violations that may or may not have been performed 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 essential because it underlines laws that were broken, if any, by mortgage lender or broker.
An attorney can press your mortgage lender to take action on your case in your favor, and a forensic loan audit can help to successfully modify your mortgage.
Most sensible mortgage lenders will choose loan modification when presented with the legal facts.
For the best mortgage modification service in the country contact janian and associates for a free consultation.
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Loan modifications are a scam, as well as these software forensic audits!
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