Forensic Loan Audit to find Errors in Loan Documentation

Online, March 15, 2010 (Newswire.com) - US, March 2010 - For many people making mortgage payments on time or in full is becoming difficult. It is better for them to know there are options available to them. They don't have to just sit back and watch their home go into foreclosure. US loan auditors can help them determine if your foreclosure is the inevitable result of a predatory loan. There are specific laws and guidelines that must be followed when a lender underwrites and funds a mortgage. If the lender failed to stay within those guidelines set by federal and state lawmakers, US loan auditors can provide legal assistance. Its loan auditors will perform a forensic loan auditing to review all loan documents and then determine whether the borrower has fallen victim to predatory lending. There is a good chance that a predatory lender took advantage of them. However, it's likely that we can help you get out of this unfortunate situation by performing a forensic loan audit.

Close to 3% of American homeowners are currently facing foreclosure. One in ten homeowners is behind on their monthly payments. Predatory lending is largely responsible for this grim reality. US loan auditors can help people fight foreclosure if they are victims of predatory lending. Trillions of dollars in adjustable rate mortgages will reset in the next two years. Research indicates that over 90% of adjustable rate mortgages have violations that occurred in the loan documentation or during the loan origination process. To not get stuck in adjustable rate mortgage one must contact US loan auditors to do a forensic loan audit. The relentless downward slide in the real estate market has left nearly 1 in 6 homeowners upside down on their mortgages. This means that they owe more to their lenders than their homes are worth, which raises the likelihood of foreclosures or defaults. With a loan audit one can check legal grounds to renegotiate the principal on mortgage.

With Forensic Loan Audit you can check into the validity of your loan. It reveals the specific laws and guidelines that were violated in your mortgage so next time you will not fall victim. Loan fraud can take many forms. A common theme is the lender's representative will falsify documentation or information, which can happen for a variety of reasons. Document forgery and signature forgery are other major forms of loan fraud. If your home did not initially appraise for what you expected, but a much higher number came in later, that is an overstated value fraud. Eventually all kinds of mortgage fraud only result in bad loans and a lot of foreclosures.

About usloanauditors.com:

US Loan Auditors does an accurate and professional analysis of your loan scenario and loan documentation done by an expert in real estate finance law. After this they provide a comprehensive report of the factual findings and potential Federal, State, and Local violations that may have occurred in the loan documentation. If the Audit fails to identify sufficient violations to proceed with then the Client shall receive a full refund

For more information visit: http://www.usloanauditors.com

2882 Prospect Park Drive, Suite 350
Rancho Cordova, CA 95670
Direct Phone - 916-256-3991
Fax - 916-256-1077