Loan Audit - Articles

Distressed Homeowners Fighting Back With Forensic Loan Audits

Washington, DC – November 6, 2008. National Loan Audits announced today that troubled homeowners with adjustable rate mortgages who are having trouble getting their loans modified or who are behind with their payments and in danger of losing their home, now have access to Forensic Loan Audits, performed by mortgage industry experts, to discover if their lender violated the Truth in Lending Act or made any errors while preparing their closing documents and neglected to adequately disclose the terms of their loan. Read

By: Loan Audit | 07/11/2008 | Regulatory Compliance

The Right to Rescind Your Mortgage - a Powerful Tool for Negotiating a Loan Modification

Your best tool to negotiate with your mortgage company is the discovery of a Truth in Lending Act (TILA) violation, which in some cases may give you the right to rescind the loan. State and Federal laws require mortgage companies to follow specific guidelines when originating home loans and as a result many mortgage loans have TILA and/or RESPA violations which can be used as bargaining tools when negotiating a loan modification with the mortgage company. Read

By: Loan Audit | 07/11/2008 | Mortgage