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Testimonials |
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How Does a Loan Examination Help You? |
A Mortgage examination Will Uncover Violations to Federal Rules That Will Be Useful Negotiating Your Loan Modification |
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The main purpose of the loan examination is to identify all those violations to Federal Laws perpetrated by your lender at the/ time of closing and use them as leverage to negotiate a loan modification with your lender, or a short sale, deed in lieu of foreclosure, and also to fight the foreclosure process trying to achieve a successful loan modification.
Violations are the leverage used to present your case with your lender. The more violations discovered, the better your chances of obtaining a favorable settlement. The chances of a successful settlement increase with the most severe violations.
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If a loan was funded unlawfully, the borrower may be entitled to compensation, a refund of all interest and principal payments made for the last three years, all non-recurring closing costs, legal fees, or a renegotiation or modification of the terms of the loan. From 2000-2007, tens of thousands of loans were funded unlawfully. Your loan may be unlawful, and you may be entitled to substantial damages whether or not you are currently in foreclosure.
An examination report provides a powerful tool for negotiating with your lender. Whether you need your loan modified or you need to sell your home as a "short sale" or even if you need to have your loan rescinded, your lender will be motivated to work with you when you have evidence of their violations.
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