As you are aware foreclosure defense can be a challenging task; however foreclosure defense when assisting the homeowner if done properly will benefit not only the homeowner but the investor as well. Loan modifications with principles reductions are better for Investors and borrowers but few have been conducted. Loan modifications which prevent foreclosure provide the greatest proceeds to the investor even if they occasionally do not work and foreclosures result. In an environment with high default rates such as that of today, the cost savings of successful loan modifications are greater than the higher cost of failed loan modification with ultimately result in foreclosure. Foreclosures can be avoided through reduction in principles which will allow borrowers with negative equity to refinance.
It has been our experience with our establish clients that our audit is different than the standard simple compliant software audit. It has been noted that many people are trying to simulate an audit thru the use of purchased software. I’m sure you are aware anyone can go through the motions of plugging in certain figures and dates to determine if a loan is compliant; however we dig deeper utilizing our detailed knowledge of lending and then offer that expertise to you for a powerful one-two punch to benefit the consumer. As a consumer advocacy type practice I know that your firm goes above and beyond with detailed knowledge of legal issues and requirements.
Within our detailed report not only will we provide you with a complete compliance review, we also review factors such as affordability of the underlying loan, Predatory Abuses of the loan provided, Deceptive Practices utilized by the lender and Collateral analysis. Our review also provides additional items for your discovery if applicable. Our understanding of the true lender and the realities of modern money mechanics will compliment your already aggressive legal tactics. Of course our original work product is protected and able to accurately relay other issues that you will need to have knowledge of, such as consumer fraud.
At Professional Mortgage Audit our intention is not to replace legal counsel, but to supplement your services with our specialized examination consisting of a complete compliance review. Our in-depth examination will provide a valuable tool that will enhance your defense. A professional loan audit will examine all of the complex clauses and disclosures contained in the original mortgage loan. You’ll be provided with a detailed report identifying any errors or violations, which can then be used as leverage when contesting foreclosure or initiating a loan modification or a short sale. Contact us at www.pmaudits.com
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