FORENSIC LOAN AUDITS CAN SAVE STRUGGLING HOME OWNERS IN THE GREATER EAST BAY

May 21st, 2009 by admin

   
Homeowners who are behind in mortgage payments and in danger of losing their homes now have a new tool to help them. It is called Forensic Loan Audits. It also can help those with adjustable rate mortgages who are having trouble getting their loans modified.
Performed by mortgage industry experts the audits discover if a lender violated the Truth in Lending Act or made any errors while preparing closing documents or neglected to adequately disclose the terms of the loans. According to the Truth in Lending Act even a small mistake in calculating the borrower's annual percentage rate could enable the homeowner to rescind the loan or get a lower interest rate through a loan modification..
Loan modifications typically save homeowners an average of 20-30% off their current monthly mortgage payment.
To offer Forensic Loan Audits in this area Realtors Dave and Carla Higgins have partnered with Certified Financial Protection Group. Certified guarantees to get a loan modification for their clients or they will refund all of the client's money.
For more information on obtaining an audit go to ReduceMyMortgageNow