Qualify For Predatory Loan Restructuring
Predatory Mortgage Lending-Loan Violations
You may be entitled to restructuring your loan through a loan modification San Diego homeowners program if your loan
was subject to any of the following:
1. Miscalculation of Interest
2. Inflated Appraisal
3. Illegal Loan Origination Fees
4. Yield Spread Premium
5. Illegal Kickbacks
6. Non-Disclosure of Loan Terms-Federal and State Requirements
7. Discount Points
8. Undisclosed Pre-Payment Penalties
9. Switching Rates between initial Rates and Closing
Any of these violations may fall under the T.I.L.A “Truth In Lending Act” or under the R.E.S.P.A. “Real Estate
Procedures Act.”
A well qualified attorney who specializes in the “Forensic Loan Audit” process would be able to identify and violations in the law and determine if you are entitled to a Loan restructuring under a loan modification San Diego program and you may entitled to a refund of all points, fees in originating your loan and interest that has been charged on the loan which could result in thousands of dollars in savings to you. Each case is unique and the outcome may be different, but you do have laws on your side to protect you as a borrower.
It has been estimated that 82% of loans written have some type and form of a violation. These laws are violated daily by lenders and mortgage brokers who wrote, processed, submitted and approved the loans.
The laws were enacted to protect borrowers but through the greed of some unscrupulous loan agents and brokers have completely disregarded these laws and unfortunately some loan agents and brokers were not aware they were breaking these laws. Your loan may be an unlawful loan and you may be entitled substantial damages for these violations. If you suspect you have a violation it would be to your benefit to have a forensic mortgage loan audit on your loan to determine the violations and potential damages or resolutions to a home loan modification San Diego restructuring program on your loan. If you are behind in payments, in a notice of default or in foreclosure it would be advisable to check it out. Drop me a post and I will recommend a qualified attorney who will provide a forensic mortgage loan audit free of charge.