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We help our clients save their homes and obtain the most favorable
loan modifications. We do this by providing a Forensic Loan Audit.
- A Forensic Loan Audit identifies infractions and
violations committed by your lender and/or broker when they
originally funded your loan.
- To a large extent, these violations are the LEVERAGE used to
argue your case against your lender. Generally, the more violations,
and the higher their severity, the better chance you have of
obtaining a loan modification.
- A Forensic Loan Audit is the FIRST STEP in obtaining a home loan
modification, or commencing any type of litigation when fighting
foreclosure. You MUST obtain a Forensic Loan audit to determine what
laws were broken, by your broker, or by your lender.
- Before you hire an attorney, order and receive your Forensic Loan Audit, and become an informed consumer negotiating from a position of strength and knowledge, and then carefully choosing the best attorney to take you case.
Order your Forensic Loan Audit now.
The Hard Facts
These are very hard times and you are not alone. Millions of
homeowners are living paycheck to paycheck, or
simply do not have enough income to pay their
bills. The drop in the housing market, the record high prices on
gasoline, and record consumer debt have left
many homeowners in the scary situation of not being able to pay
their mortgage and other bills.
The important thing to remember is, you are not alone.
Luckily there are many laws and consumer groups to protect you.
In this blog entry, I'll tell you about these groups. But first,
let's first cover some background so you know more about the
situation.
Loan Modification Services (sometimes called
Loss Mitigation) were established by the Federal Government and
the credit industry in order to help borrowers who can't pay
their debts for a variety of reasons.
The key goal of Loan Modification is to stop home
foreclosures. Foreclosures help no one (not even the
bank), and they have a serious negative effects on the
economy--especially the local economy--where short sales and
foreclosures leave homes abandoned and sap value from the
surrounding neighborhood.
Here are the key elements of what you need to know
regarding stopping or preventing foreclosure:
1. Mortgages CAN be
renegotiated between the borrower and lender
under certain circumstances. Those circumstances include
inability by the borrower to pay, or the fact that the
loan violates federal law. The process of renegotiating
a loan is called Loan Modification.
During loan modification:
- The rate can be lowered, resulting in a
lower payment;
- The term can be lengthened, resulting
in lower payments;
- Payments currently due now can be amended
to the end of the term; Or, best of all,
- The loan balance can be reduced, so
that the borrower owes only a fraction of what he/she
originally borrowed.
2. Many loans funded during the
"boom" years of 2002-2006 were performed with legal
violations. Although only a fraction of the
loans were funded with blatant disregard for the law,
the majority of loans have significant violations
resulting from carelessness, greed or just innocent oversight by
the lender and/or broker. However, no matter why these
violations were performed by the lender, these
violations carry EXTREMELY stiff financial penalties for the
lender, and can result in SERIOUS legal
consequences to the lender, such as forcing the lender to
refund all interest paid to date back to the
borrower.
3. Loans with illegal terms or
conditions are not enforceable. Foreclosures
resulting from illegal loans are also not enforceable. The
foreclosure process is STOPPED when litigation
on a questionable loan begins. Mortgage payments are NOT
required during the foreclosure or litigation process,
although depositing the mortgage payment into a separate bank
account is often considered a gesture of good will.
4. Lenders will choose
the most rational and fiscally sensible response when
presented with the legal facts.
When facing their legal options: modifying
your loan, foreclosing your home, paying some high-priced
attorneys to litigate, or risk stiff federal fines and
penalties, many lenders will choose Loan Modification as
the most financially sensible option.
Understand that in order to take the
high road position, YOU MUST KNOW WHAT VIOLATIONS WHERE
PERFORMED BY THE LENDER.
This is the key to obtaining a favorable outcome during the
Loan Modification process. This leverage will help you argue
your case in favor of having your loan modified.
What you need to do:
Get
a Forensic Loan Audit performed on your loan documents.
After performing a thorough assessment of your personal
finances and analyzing the original paperwork, legal
documentation and disclosures associated with the loan, the
Forensic Loan Audit will document what laws were broken by the
lender and/or broker during the loan process. The Forensic Loan
Audit will determine if the loan is even legal.
From this perspective, you may opt to attempt to modify the
loan yourself (not highly recommended) or hire a
professional attorney to get you the best possible solution to
your home foreclosure problem.
- Obtain your Forensic Loan Audit NOW.
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Our Mission
Our mission is to help
homeowners whose house payments have become unmanageable.
We understand that distressed homeowners need
immediate help, and a permanent solution that is both proven and affordable.
The solution begins with a Forensic Loan Audit.
A comprehensive Forensic Loan Audit is
the key to obtaining a beneficial, long-term solution (such as a loan modification) because the audit identifies violations made by
your lender. Because of our experience and computerized loan auditing
technology, National Loan Auditors performs the most complete Forensic
Loan Audit available.
In the past few years, a great number of loans were
performed with errors, omissions, legal violations and just plain fraud.
To a large degree, these violations are
the leverage used to obtain a loan modification. Generally, the more violations on your loan
(and the greater their severity), the better your chance of obtaining a loan modification.
National Loan Auditors is the ONLY firm that will
provide a comprehensive technology-driven loan audit. We are also the
only firm that provides:
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A color-coded Violation Severity Alert
(VSA) - Escalating through
green, orange
and red, the VSA appears
red for loans which
have the greatest number and severity of violations and these loans
often have the best chances for a loan modification. VSA makes it
easy to determine your chances for a successful loan modification.
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A 20-Minute phone consultation and advisory session
with an attorney. Unlike other firms, which may give you a printed
report, or leave you out in the cold wondering what do next, our
exclusive one-on-one consultation process makes it easy to determine
your next step in the loan modification process. Just ask
your attorney and they will be happy to answer your questions and
provide advice.
Who Needs A Forensic Loan Audit?
National Loan Auditors provides Forensic Loan Audit service to
consumers, banks and attorneys through the United States.
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Consumers - Homeowners having
trouble paying their home mortgage, victims of predatory lending.
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Banks - For compliance or
investment appraisal, reviewing large quantities of loans is not a
problem for us and discounts are offered for bulk purchases.
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Attorneys - Subcontract your
audits to us. Our technology and fast turnaround will make your job
easier.
As a Homeowner, What Are Your Options?
These are financially troubling
times for many homeowners and lenders are being inundated with tens of
thousands of requests to grant loan modifications, lower interest rates,
and reduce outstanding
balances.
Keep in mind that, while lenders are well equipped to lend and service your loan,
they are not prepared or
staffed to perform modifications or workouts. Moreover, they
probably do not even own your mortgage. Most likely,
their hands are contractually and legally bound by the Wall Street
investors to whom they sold your loan.
In most cases, even if your lender wanted to enter into a loan modification
with you, they couldn't...because they no longer
own the
mortgage or make decisions regarding your loan. Rather, they have to present their case to the entity that
currently owns your loan: Wall Street investors.
So ponder this for a moment: you (and millions
of other homeowners) are individually asking these big faceless Wall Street firms to
take on financial losses because of individual personal reasons: you lost your job, your home dropped in value,
you had a financial setback, or you
entered into a bad loan situation. The bottom line is this: no matter
how badly you need it, no matter how important your reason, no matter
how legitimate your request, Wall Street sees only numbers.
And because Wall Street sees only numbers, not
reasons, excuses or explanations, they simply don't care.
In fact, they don't have to; they are not a
charity, they are a business whose main goal is to profit from real
estate investments.
So, for many lenders it is an
easier path to proceed with foreclose and take the homes back, as outlined in their
sale agreements with Wall Street investors, as opposed to exploring
alternative options with individual homeowners.
The lenders, Wall Street, and our Government can not move fast enough for you--the homeowner--to avoid losing
your home
or ruining your credit!
But do not despair. There is help!
The best way to approach your lender, is by using a legal approach.
After all, this is the same approach used by the
lenders themselves: they seek only to enforce their legal
contract with you. They lent you money to purchase or to
refinance your real estate. Now they want their monthly payments or they want
the asset back...your home. It's that simple!
You must start with a full understanding of ...
At This Point, What Are Your Legal Options?
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What can you do?
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What should you do?
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How do you get it
done?
In this mortgage meltdown market, lenders focus on keeping
financial losses
to a minimum. This is often best accomplished by keeping a borrower in the home.
Keeping payments coming in, even reduced ones, is always better than the
prospects of foreclosure, where lenders see no regular income. Thus, the goals of our clients often
meet those of the lenders.
Now, while it would then seem easy for borrowers and
lenders to come to agreements, reaching the right person at the lenders'
offices who can make decisions, is often very difficult. The benefit of using
National Loan Auditors and its affiliate attorneys, is that they are
able to touch the right people with the right message.
Your attorney will
negotiate directly with the people who actually make decisions regarding your
loan, and
will facilitate the most logical and beneficial outcome. We save our clients'
valuable time, so they don't have to waste time on the phone, or writing
letters. This usually results in a positive outcome for not only our client, the
homeowner, but also for the lender.
If negotiations fail, and our client has valid
complaints against the lender, we file suit in court. This action immediately gets the lenders
undivided attention, and puts us in a position to be heard.
Fortunately, the big
lenders hire "Big Name" experienced law firms who understand mortgage laws very
well. These seasoned attorneys do not usually hesitate to settle when faced with
facts against their client. Thus, many cases will settle before trial, which
means less hassle for our client and for the lender.
Order your Forensic Loan Audit Now!
How is a Forensic Loan Audit structured?
All of our loan audits follow these
guiding queries:
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Did the lender provide a good loan?
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Did they
qualify you for a loan that you
could not afford?
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When underwriting your loan, did they "stretch" their guidelines?
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Did they
discriminate against you because of your race or color or religious
beliefs?
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Did they tell you one thing, but delivered something
different at the closing?
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Did they comply with all States
and Federal Laws?
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Did they provide the correct documentation to you
at the proper times? Was it filled out correctly? And did you
understand what was being provided?
The best way to get your lender to listen to you is
by presenting a legal case to them, along with proof that they committed
errors in underwriting, approving, and funding your loan.
Lenders and Wall Street investors do not want
a legal battle on their hands, and will likely allow a loan modification to
take place, if it is truly based on legal facts.
Armed with very expensive attorneys, lenders know it is cheaper to modify your loan
instead of spending as much as $650.00 per hour to litigate.
Get the facts! Get your Forensic
Loan Audit done. Know your Violation Severity Alert (VSA) level,
speak with an attorney, and fully understand what
you must do to save your home, so you can start rebuilding your life!
Order your Forensic Loan Audit Now!
At
National Loan Auditors, we perform a complete Forensic Audit in
accordance with specific state laws and statutes.
From the Audit, you
will find out if you have been deceived in any way by the Lender, Title
Company, your Broker, and your Realtor. You will also be apprised of and/or your Lender has committed any
state or federal loan violations.
Our Team of Loan Compliance Auditors are seasoned professionals with
audit expertise in state and federal laws, mortgage compliance and
underwriting. We provide Forensic Loan Audits nationwide.
Our compliance experts have performed thousands of audits nationwide. Our personnel have earned the respect of the world’s largest
banks, Wall Street investors, attorney's, and regulatory groups.
We have the experience and leverage you need to obtain a favorable
outcome.
What Do You Receive When You Purchase Your Forensic
Loan Audit
Our Forensic Audit Process will determine if Your Mortgage Lender has
acted in Compliance with RESPA, TILA, and Local, State and Federal
Regulatory Lending Guidelines.
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The Real Estate Settlement Procedures Act (RESPA) is a consumer
protection statute, first passed in 1974. RESPA requires that borrowers
receive certain disclosures, spelling out the costs associated with the
settlement. Other Disclosures outline lender servicing and escrow
account practices and describe business relationships between Lenders
and settlement service providers.
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The Truth in Lending Act (TILA) was first passed in 1968. The law is
designed to protect consumers in credit transactions by requiring clear
disclosure of key terms of the lending arrangement and all costs.
After your Audit is completed, we will review the findings and if there
are any serious issues or illegalities that have been found, they will
be outlined in the report. Our affiliate attorney's may also choose
to write a letter of opinion for you along with a proper
course of action that should be followed.
At your option the mitigation or modification process will begin, and
the attorney will work with your lender, or lenders, to restructure your current
loan (s) by providing both a legal opinion, and a professional
course of action, they will attempt to formulate a plan that you and
your lender can accept.
We fully understand that you have a serious problem and only a short
time to overcome the real possibility of losing your property, so time
is of the essence.
Order your Forensic Loan Audit Now!
We are a group comprised of
experienced compliance auditors, financial professionals who work with attorney’s in each
State, that understand Real Estate law, compliance, and that federal rules and lender foreclosure policies
often conflict.
Few people outside the banking world have the knowledge
to work with your current lender to restructure your loan.
Why Should I Use National Loan Auditors?
In addition to providing the most comprehensive
Forensic Loan Audits available anywhere, National Loan Auditors can also provide
the expertise of a group of Real Estate and
California
bankruptcy professionals including mortgage, Real Estate, and
bankruptcy lawyers.
Our affiliate attorneys diligently try to help our clients get a loan modification, protect our client's credit, avoid foreclosure,
stop foreclosure, and, when there is no other choice, clients may elect
to file bankruptcy.
Call us today for immediate assistance with any of the following:
forensic loan audits, loan modification, short sales, mortgage rate reductions, stopping
foreclosure, avoiding foreclosure and (if absolutely necessary) bankruptcy solutions.
No company knows more about how Lenders and Wall
Street investors operate
than National Loan Auditors. The more time you give us to prepare a
Forensic Loan Audit and then we can refer to a local attorney that can negotiate with your lender, the
better chance we'll have of obtaining a favorable outcome for you.
Fortunately, many lenders have the goal of keeping their financial losses to a
minimum! If you are currently having trouble paying your mortgage, or you
anticipate having trouble--no matter what the severity!--do not delay.
Order your Forensic Loan Audit
now!
National Loan Auditors
Saving Dreams
One Home at a Time!
Order your Forensic Loan Audit Now!
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