Most homeowners who are losing their homes are hopeless and feel powerless. The big lending companies are so over burdened by people who cannot make their payments, that they are not adequately handling the short sales that would eliminate and prevent their REO inventory.
With the specter of foreclosure on their financial radar, many people who go through the short sale process have no options but to file bankruptcy as a back up plan.
Can a forensic loan audit effect these circumstances?
Thousands of homeowners have already collected the settlement money they are due after their lender is show to have violated the law in one way or another when the funded your home loan. The basis for this is that 83% of lending institutions have been cited for “significant” compliance violations.
The seriousness of the types of mistakes lenders make ranges from fraud all the way to simply mistakes in accounting. Regardless of the severity, the buyer is entitled to certain information regarding their loan, and any lending company who does not permit it, is liable under various lending laws.
What can a forensic loan audit for you?
For far too many property owners the basic strategy boils down to stopping payment on their home loan. If homeowners simply started to take the money they would normally pay toward their home payment and purchase a forensic audit of their mortgage, they would have the bank paying them for not following proper procedure in most cases.
Since so many auditing attorneys work on a contingency fee basis the audit ends up costing the homeowner nothing, especially since if the bank is found to have done nothing wrong the procedure ends up being free. Requesting an audit is simple so do not hesitate to act in a constructive manner and avoid financial catastrophe!
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