How Are Compliance Violations Handled?
"You may have the right to sue a lender for violations of these new requirements. In
a successful suit, you may be able to recover statutory and actual damages, court
costs and attorney's fees. In addition, a violation of the highrate,high fee
requirements of the TILA may enable you to rescind (or cancel) the loan for up to
three years."Source: FTC Website
Our Audit covers all Federal, State, County and Municipal laws and regulations and if a
lawsuit is warranted, we can provide or refer you to an attorney who will take your case.
Loan modifications are the best solution for you and your lender or servicer but are
difficult if not impossible for homeowners to negotiate on their own. We take the stress
out of the process to keep you in your home.
Everyone must complete our formal application process. You must provide evidence to
your lender that you have a legitimate hardship and that you can or cannot afford your
home. This is true whether you want to keep your home or sell as a preforeclosure
to avoid being foreclosed upon.
A Forensic Loan Audit is a critical ingredient to convincing your lender to give you
a new loan that you can afford!
We help our clients save their homes and obtain the most favorable loan modifications or
affordable repayment plans available. We do this by providing a unique prequalifying
application and a Forensic Loan Audit.
A Mortgage Loan Audit? Why Do I Need a Forensic Loan Audit? A Forensic Loan
Audit identifies infractions and violations committed by your lender and/or broker when
they originated and funded your loan. Your current loan servicer is also, most likely,
violating the Fair Debt Collection Practices Act.
To a large extent, these violations are the LEVERAGE used to negotiate your case with
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 or mitigation when fighting foreclosure. You MUST
obtain a Forensic Loan audit to determine what laws were broken, if any, by your broker
or by your lender. Without an audit, finding an attorney to take your case on contingency
is impossible. Litigation can cost tens of thousands of dollars in discovery alone. Here’s
the kicker: If your audit does not warrant legal action or if you choose not to litigate, we
will use your audit to mitigate your foreclosure situation. Either way you win!