Because of the mortgage industry's carelessness, haste, and downright fraud in recent years, an estimated 85% of all mortgages are legally unenforceable. You already know from the news that during the refinancing craze and the real estate boom over the last decade, lenders were shoveling mortgages out the door as fast as they could.

Predatory lending filled some mortgages with unlawful terms or details that consumers didn’t understand. Many mortgages are filled with errors, legally invalid, and sometimes unenforceable. Lenders and mortgage brokers violate Truth In Lending Act (”TILA”) and the Real Estate Settlement Procedures Act (”RESPA”) daily. Some subprime or normal loans can be unconscionable and unfair. Mortgages are routinely sold multiple times, often too quickly and without proper documentation, leading to a greater legal mess.

Consider that in recent years the mortgage lifecycle. From the person who took the application to the person that closed the loan. There were a lot of people under a lot of pressure to do a lot of things they shouldn't have. Instead of thinking defensive about your loan, start thinking on the Offense!!

Here are just some of the things that we are looking for:

NEGLIGENT MISREPRESENTATION
When a mortgage professional makes errors which a reasonably diligent mortgage professional would not have made, he or she may have made a negligent misrepresentation. (stated, NIV), this could benefit your case.

BREACH OF CONTRACT
The note and its attachments are a contract. The lender ker must follow all the terms of the contract such as the way the interest is calculated, and the penalties it assesses. Were there any terms in the contract which the lender failed to follow?

CONSTRUCTIVE FRAUD
Material facts include the terms of the loan, whether there is a prepayment penalty, or any other information which a reasonable borrower would want to know before accepting the loan. Did the lender or underwriter or anyone working for the lender fail to disclose any material facts to the borrower?

FRAUD AND NEGLIGENT MISREPRESENTATION
Were any representations, statements, or comments, written or oral made by the loan officer, broker, notary or anyone else which contradicted the terms of the documents?
Once we find violations in your closing documents, you then will have your ammunition to present to your lender to encourage them to approve your request for a loan modification. You may be entitled to interest repayment from your lender, monetary damages, reduction in principle balance and more!! Fight back with a Forensic Audit!

Consider the Recovery and Stability act of 2009.

Miillions!!! are now waiting in line to speak to their lenders seeking relief.

Sick of waiting on the line for months to hear back from your lender?

If so, make some noise and consider a forensic audit on your loan documents.

Skip to the front of the line!!

Our Forensic Audits are completed by our chielf compliance officer who came to work here from one of the top 5 lenders in the country. Over 20 years experience in auditing loan documents!!
All reviews are ALSO completed under the close direction and supervision of a Staff Attorney.

Don’t attempt a loan modification without it.

You could wait months to speak to your lender, you only get one chance to get it right.

The best chance to save your house is step #1….

A Forensic Mortgage Audit.

info@myloandoctor.net