Forensic Loan Audits

If you’re finding it difficult to maintain your monthly mortgage payments and have been denied a traditional loan modification, a forensic loan audit can provide valuable ammunition in your fight against foreclosure.

All lenders are required to adhere to fair lending laws. A forensic loan audit will evaluate the mortgage documents for violations and discrepancies, which may prove advantageous to the borrower. An audit may reveal violations of the Truth In Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA) violations, or a failure to produce the original promissory note. In the event that the audit discovers wrong doing and a complaint is filed the lender then finds themselves up against a lawsuit.

Many of these cases will be settled out of court with a favorable loan modification. Court cases often result in damages paid to the borrower, as well as receiving back what they have paid into the service charge, as well as compensation for their attorney fees and court costs. In some cases where predatory lending has taken place, rescission of the mortgage contract is allowed. When it comes to “Produce the Note” or MERS mortgages, a foreclosure can be stalled or prevented altogether.

Many homeowners have taken advantage of this powerful tool to save their homes from foreclosure. If you are thinking of taking this route, it’s of the utmost importance that your audit is performed thoroughly and correctly. Our team of skilled professionals is standing by to aid you in all aspects of the procedure.

We provide forensic loan audits in every state, legal document preparation in CA, and access to our vast network of reputable attorneys. These are the foreclosure defenses we prepare based on your audit findings:

Truth in Lending Act – TILA

Real Estate Settlement Procedures Act – RESPA

Mortgage Electronic Registration System – MERS

Produce the Note – PTN

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