Mortgage Loan Audit
If you were a victim of predatory lending, then you may qualify to have your loan restructured through a loan modification San Diego homeowners loan program.
The best way to determine if you were a victim is by having a Mortgage Audit done on your home loan. Your mortgage lender or broker may have failed to follow the rules under the Truth in Lending Act, the Real Estate Settlement Procedures Act or other federal and state lending regulations and statutes. If you were a victim of these home loan mortgage procedures you may be entitled to the return of a portion, or all loan fees and interest and a restructure of your loan under a loan modification San Diego modification program.
If you have received a “Notice of Default,” or your home is in foreclosure, or you are in a position where your loan is becoming un affordable due to rate and payment increases. Having a mortgage loan audit by a qualified professional, preferably an attorney who specializes in the mortgage audit process may save your home from foreclosure and may also provide you with a restructered loan modification San Diego program to lower your payments, loan balance, or loan terms.
Most homeowners are unaware of the Laws that are in place to protect borrowers from violations in the law or Fraud. And without a professional eye are unaware of these violations in their mortgage loan contracts.
These May Have Happened To You!
Were you charged high closing costs (Points and Fees?)
Did you have to provide proof of Income or did you just “state your income?” or did your loan agent or broker put a number in your application to qualify you?
Were all of your loan documents completely filled out prior to signing, or did you sign any blank documents?
Did your loan have any prepayment penalties?
Did you receive copies of all loan documents upon signing or loan closing?
Did the terms of your loan change at the last minute prior to signing
Were all loan fees or charges disclosed and properly explained to you in a clear, conspicuous and accurate way upon closing?
These are just a few areas that a mortgage loan audit would uncover violations in the law. More information to follow.