March 5, 2010
Were Your Loan Documents Forged?
Were Your Loan Documents Forged?
It is estimated that there are more than 9 million people who are in foreclosure today with the numbers of foreclosures increasing by the day. There is a silver lining for some of them. Documents pertaining to some home loans were not correct and in some instances were even forged. In such circumstances these homeowners have a chance of getting their foreclosures waived.
Only those who have an in-depth knowledge about property laws and loan regulations will be able to figure out who might qualify. The loan papers are thoroughly examined by these professionals and checked for any discrepancy. There are certain laws pertaining to mortgages that must be adhered to. It is a violation of law if an omission or error is made by the agents of the lender or the lender themselves. It is here where the experts take over.
After checking the loan audits, they note any violations in the loan documents. They use the same to initiate litigation with the lender in question. In such situations the lender will be held accountable for laws and/or loan documents that may have been fudged. On completion of the audit and identification of the loan violations, the organization will help you through US legal advisors to find an attorney who can assist you to follow up the case with any requisite legal action required against the lender.
If you think your loan may have been forged in any way, it might be time to take action and save yourself from the impending threat of foreclosure. Before your lender terminates you of your rights through foreclosure and takes over your property, you should file a case against them if you suspect fraud in any way, and it can be verified.
Comments on Were Your Loan Documents Forged? »
Storm @ 9:17 am
Although forensic examinations of mortgage transactions can be of substantial value to a homeowner, regrettably, most companies providing these so-called "loan audits" are nowhere near qualified to do so. They are performed and sold by persons with no legal training, such as, former real estate agents, mortgage brokers, or loan processors, who input data into some software program. The “audit” is a useless checklist of the documents provided to the “auditor,” with no information about the legal implications of the documents. It's that old adage on computer software: 'Garbage-in, garbage-out.' You need a specific and unique legal knowledge to do a forensic examination of a mortgage transaction; a ten-minute software audit is no substitute for three years of law school.