subject: WHY A LOAN AUDIT [print this page] WHY A LOAN AUDIT WHY A LOAN AUDIT
If you are considering a loan modification or a short sale, you should first consider having your original loan documents examined for infractions and lending violations. The process of having your loan examined to uncover federal and state violations committed by your lender and/or broker is called a Forensic Loan Audit. To a large extent, these violations are the LEVERAGE used to argue your case against your lender. Basically, the more violations uncovered, and the more egregious they are, the better chance you have of achieving success with your loan modification or short sale.
During the last decade there were many loans made that involved predatory lending Adjustable Rate Mortgages, Interest Only Mortgages, Stated Income Only Mortgages, etc. Now your mortgage payments have increased and you can't afford them. Or, you are without work or have experienced some type of financial hardship and no longer can keep up with the payments. No matter what the cause, if you are upside down on your loan or behind on your mortgage payments, you should consider a Forensic Loan Audit to provide you and your attorney with the leverage you need as you face the possibility of FORECLOSURE. This should be your first step in pursuing a loan modification or short sale.
The intent of an audit is not to engage in a lengthy and costly lawsuit, but rather to apply pressure on the lender to negotiate a reasonable and acceptable solution with the homeowners. Today, you need every tool and technique, every amount of leverage possible, to help negotiate positive results with your lender and keep you in your home.
For more information, please go to: www.NewHopeAudits.com
Disclaimer: The information provided herein is offered as an educational service only and is not intended as legal advice.
