foreclosure

Beware of Foreclosure Rescue Scam past – Legal Loan Audits

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Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams, the “trap criminal loan modification” and the elimination mortgage scam is now warning the public of this latest scam .

When the mortgage crisis hit American home owners full force, organizations offering “foreclosure rescue” companies and “loan modification” grow like weeds. Most distressed property owners promised swift options for higher costs, and failed to provide right after collecting their funds, leaving poor households and closest of homelessness.

The new flood of audit firms lending is fueled by the spread of loan modification organizations in an attempt to side step the upfront fees that the states have banned these organizations charge. They are the “wolf in sheep’s clothes.”

ProverbialLes Mortgage Fraud Examiners is a project of Lex Consulting, LLC http://www.instantlawpartner.com. For more than 30 years, Lex Consulting supplied legal support to attorneys, helping them to enter new areas of practice, or supplying specialized advice for complicated circumstances requiring new approaches to law. Due to the current housing crisis, Mortgage Fraud Examiners, a group of specially trained lawyers, was created to provide borrowers and the legal neighborhood with comprehensive assistance to support them hold their properties

Mortgage Fraud Examiners CEO Storm Bradford explains. ” Although forensic examinations of mortgage transactions can be of substantial value to the homeowner, however, most of the firms that offer these so-called “audit ready” are far from being qualified to do so They are made and sold. by individuals with no legal training, such as, former true estate agents, mortgage brokers, or loan processors, who input information into some software. The “audit” is a list of unnecessary manage . documents provided to the “auditor” with out info about the legal implications of this document is that old adage about the application: “Garbage in, garbage-out We do our forensic examinations particularly for lawyers and their. customers. competent lawyers will spot a scam “audit” much faster than the layman. We should supply solutions that withstand the scrutiny and requirements of a certified legal eye. You have to have a distinct and exclusive legal knowledge to a forensic examination of a mortgage transaction. software audit of ten minutes is not a substitute for 3 years of law school, we are legal professionals hunting for factors that the software is not, in addition, we know what to appear for! “

” A true forensic examination inspects assessment, mortgage owners and supporting documents, in the context of relationships surrounding the creation of these documents, the legal experts to be able to uncover legal defenses a homeowner can use to stay away from foreclosure.

Jonathon Moseley, an attorney specializing in foreclosures, employs the solutions of Mortgage Fraud Examiners explains, “Mortgage Fraud Examiners helps me determine the defenses of contracts, torts, regulatory violations and other kinds of legal anomalies The value of a thorough examination of the mortgage transaction. is that the examination is carried out correct – with legal precision and depth However, inexpensive imitators must be avoided A simplistic forensic audit software program by men and women with no legal instruction to defeat the quite goal: the careful analysis of the complete transaction to be incorporated .. analysis of the evaluation is to prepare a legal defense. The initial step in any contract dispute is whether or not the contract is legally valid. Also many lawyers in no way verify if the mortgage is even legally enforceable prior to rushing to deal with a foreclosure. Spending funds on one of these so-named forensic audits is completely wasted simply because you have to feel a lawyer to uncover fault with a mortgage transaction.

How to spot a consumer loan auditor legitimate inexperienced? “Ask the proper inquiries,” advises Bradford. “Ask them how they conduct the audit is the application, or if there are specially trained lawyers commit genuine time evaluation of quality documents for the defenses of contract? If they are not to perform a forensic evaluation need to be a clue. We discover fraud assessment in 4 out of 5 mortgage transactions we examine. Beware if you are told anything vague like, “prosecutor argued, “or” they are certified loan auditors. Either lawyers conduct exams or not, and there is no education or certification process to turn into Joe the Auditor. A person could have been a researcher of a ditch last week and undertaking “audits” this week. Be careful with a one hundred% assure. Guarantees usually often loopholes owners must be careful You even have attorneys carrying out loan modifications rather than that they are paid to do – … searching for contract defenses “

” There are a lot of legal alternatives accessible to home owners facing foreclosure, “says Bradford. “But there are no shortcuts to discover them. Every single application must exclusive facts, every claim has distinct applicable law, and only a legal expert will locate the answers to aid each borrower remain in their house.”

Speak to: Mortgage Fraud Examiners
Telephone: 800-540-Examination (3926) http://www.MortgageFraudExaminers.com

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Bank of America Foreclosure Cancelled and Loan Restructured

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Bank of America Foreclosure Cancelled and Loan Restructured
The securitization audit discovered the following: Fraud and Wrongful Foreclosure Case based upon Statutory Violations, Promissory Estoppel, Negligence, Negligent Misrepresentation, Violation of Company and Specialist Code 17 200. The Law Offices of Art&nbsp…
Study a lot more on SBWire (press release)

California Client Has Foreclosure Cancelled and Payment Cut in Half
To investigate the lender&#39s standing to foreclose, Woods hired a organization called Paladin Securitization Auditors to conduct a securitization audit, a document that investigates the securitization approach and identifies violations of the Securities …
Read a lot more on SBWire (press release)

Senator Rand Paul Is Right To Hold Up Janet Yellen&#39s Federal Reserve …
Nevertheless, the argument that the Federal Reserve program must be exempt from any sort of audit can only be viewed as benefiting the elite interests of a banking sector that both sides of the aisle must agree enjoys a privileged monopoly only since …
Study much more on Forbes

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Legal armor donated $ 1 million in legal costs to help home owners facing foreclosure

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(PRWEB) April 29, 2013

In response to widespread misconduct and scandals battered loan modification by lenders across the country, legal Armour launches a campaign to donate $ 1 million to support Americans deal with foreclosure.

home owners facing foreclosure frequently do not have the funds to hire a lawyer for sound legal suggestions on their alternatives, even when there is gross negligence on the part of their donors in the loan modification and / or their foreclosure approach. The owners are often forced to seek guidance from their friends, mortgage brokers, genuine estate agents or even on the Internet.

legal protection is far more cost-effective for the widespread American, said Yvonne Engelbrecht, vice president of legal operations of Armor. We have created legal armor to make it cost-effective for home owners to get sound legal tips. Get negative advice from uninformed but nicely-meaning owners typically lead to generating poor choices that could lead to losing their houses, ruining their credit and owe income to the IRS. Property owners need to discuss their circumstance with a lawyer who specializes in foreclosure defense that can give them the full range of alternatives they may possibly not otherwise be aware of.

legal Armor was developed to give property owners facing foreclosure affordable access to a defense lawyer foreclosure who can advise on their options.

Under its launch legal Armor is a gift of $ 1 million in the churches of legal solutions and other non-profit organizations that are helping distressed homeowners. Churches and non-profit organizations had been the bastions of hope for numerous homeowners. We want to reach out to these organizations and supply help for them to support their members who are facing foreclosure.

a church and nonprofit organizations that are interested in obtaining a lot more information about our program agencies need to pay a visit to http://www.legal-armor.com/sources.

About

legal Armor

Armor sells legal membership plans for home owners facing foreclosure. Membership rewards incorporate protection of crucial services such as foreclosure inexpensive access to a lawyer of foreclosure defense, auditing securitization, credit counseling and much more.

legal Armor is a private firm that was founded in response to the growing need of Americans facing foreclosure to have affordable access to a lawyer who understands the foreclosure defense. It was founded in 2012 and is headquartered in Chicago, Illinois.

For a lot more information on legal Armor, come: http://www.legal-armor.com

clear = “all”Locate far more securitization auditing Press

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BEWARE OF THE Newest FORECLOSURE RESCUE SCAM–FORENSIC LOAN AUDITS

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When the mortgage crisis hit American property owners complete-force, businesses offering “foreclosure rescue” and “loan modification” companies sprouted like weeds. Most promised troubled homeowners quick fixes for higher costs, and failed to deliver after collecting their cash, leaving households poorer and closer to homelessness.

The new flood of loan audit companies is fueled by the spread of loan modification companies in an try to side step the upfront fees that the states have prohibited these firms from charging. They’re the proverbial “wolf in sheep’s clothing.”

Mortgage Fraud Examiners is a project of Lex Consulting, LLC http://www.instantlawpartner.com. For over 30 years, Lex Consulting has supplied litigation help to attorneys, helping them break into new locations of practice, or delivering specialized advice for complex cases requiring novel approaches to the law. Due to the current housing crisis, Mortgage Fraud Examiners, a group of specially educated attorneys, was created to offer borrowers and the legal community with comprehensive help to help them preserve them in their houses.

Mortgage Fraud Examiners CEO Storm Bradford explains: “Despite the fact that forensic examinations of mortgage transactions can be of substantial value to a homeowner, regrettably, most firms supplying these so-called ‘loan audits’ are nowhere close to qualified to do so. They are performed and sold by persons with no legal education, such as, former actual estate agents, mortgage brokers, or loan processors, who input information into some software system. The “audit” is a useless checklist of the documents provided to the “auditor,” with no data about the legal implications of the documents. It is that old adage on pc software program: ‘Garbage-in, garbage-out.’ We do our forensic examinations mainly for attorneys and their consumers. Knowledgeable attorneys are going to spot a scam ‘audit’ a lot quicker than a layperson. We have to give solutions that withstand the scrutiny and demands of a educated legal eye. You want a certain and unique legal understanding to do a forensic examination of a mortgage transaction a ten-minute software audit is no substitute for 3 years of law school. We’re legal specialists looking for things that application cannot locate, in addition to, we know what to look for!”

“A correct forensic examination inspects the homeowners’ appraisal, mortgage and supporting documents, in the context of the dealings surrounding the creation of those documents, so legal authorities can find out legal defenses a homeowner can use to stay away from foreclosure.

Jonathon Moseley, an lawyer specializing in foreclosures, employs the solutions of Mortgage Fraud Examiners explains, “Mortgage Fraud Examiners aids me identify contract defenses, torts, regulatory violations and other kinds of legal anomalies.  The value of a thorough examination of the mortgage transaction is that the examination is done appropriate — with legal accuracy and depth.  Sadly, cheap imitators should be avoided.  A simplistic, computer software-based forensic audit by individuals with no legal instruction defeats the entire purpose:  Cautious evaluation of the entire transaction, to incorporate an evaluation of the appraisal is necessary to prepare a legal defense.  The initial step in any contract dispute is to see if the contract is legally valid.  Too many lawyers in no way verify whether or not the mortgage is even legally enforceable just before rushing in to tackle a foreclosure.  Spending money on a single of these so-called forensic audits is completely wasted because it requires a considering legal expert to discover defects in a mortgage transaction.”

How does a customer spot a genuine loan auditor from an untrained 1? “Ask the right concerns,” Bradford advises. “Ask how they do they conduct the audit- is it software program, or are there particularly trained attorneys spending real time examining the documents looking for contract defenses? If they’re not performing a forensic appraisal that must be a clue. We uncover appraisal fraud in 4 out of every single 5-mortgage transactions we examine. Be wary if they inform you anything vague like, ‘Attorney backed,’ or they are ‘certified loan auditors.’ Either legal specialists are performing the examinations, or not, and there is no schooling or certification method to becoming Joe the Auditor. Somebody could have been a ditch digger last week and doing ‘audits’ this week. Be cautious with a one hundred% guarantee. Guarantees normally usually have loopholes. Home owners need to have to be cautious. You even have attorneys undertaking loan modifications rather of doing what they are paid to do–that is seeking for contract defenses.”

“There actually are a lot of legal possibilities obtainable to home owners facing foreclosure,” Bradford concludes. “But there are no shortcuts to discovering them. Every single claim has exclusive facts, each and every claim has distinct applicable law, and only a legal specialist is going to uncover the answers to support each person borrower keep in their residence.”

 

Speak to: Mortgage Fraud Examiners
Telephone: 800-540-EXAM (3926)
http://www.MortgageFraudExaminers.com

 

President &amp CEO Mortgage Fraud Examiners

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Forensic Loan Audit: An crucial tool in the fight against foreclosure

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Contemplating a surprising 90% of mortgages have some sort of error that could nullify, or at least the price of considerable income from the bank to spend fines and damages to appropriate check loan is an important tool in negotiating with your bank for a loan modification. Common mistakes consist of:

/> incorrect interest rate
junk charges

scrap charge is a charge that has no reputable basis or add absolutely nothing of value to the processing of your loan documents. For example, above you charge a registration charge for documents to register your new trust deed in the office of the county recorder, your broker charges you also filing costs. Such a charge is utilised to additional align the pocket of your broker and adds no worth to your transaction.

broker or loan officer Undisclosed Compensation

Especially in the case of subprime loans, numerous brokers have received compensation in the form of yield spread premiums, which means that they had been compensated as a percentage of the original loan amount for a greater interest loan. To date, give bonuses spread are not in themselves illegal as they are communicated to the borrower. Most brokers do not disclose their remuneration yield spread premium.

The initial step to obtain verification of the loan is to bring your loan documents with each other.

If you have not, you can send a written request to your qualified request copies of your loan documents repair request. Your service provider should acknowledge receipt of your written request qualified within 20 days of receipt and have to appropriate any errors inside 60 functioning days.

When you have your supplies, you can hire an audit firm willing to appear more than in case of violation. If you uncover any, and if you’re a single of the lucky ten% whose documents are blank loans, you will have an excellent bargaining chip to use against your service when negotiating a loan modification.

more on debt, mortgages to credit cards audit legal articles

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Prevent Foreclosure with a Forensic Loan Audit

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The threat of a foreclosure can instantly send a homeowner into a panic. The first point that comes to thoughts when a foreclosure is near is to attempt a loan modification.

While it is accurate that loan modifications can ease the dilemma of maintaining up with your month-to-month payments on your mortgage, there is still one massive problem with loan modifications—the lender will still need to have to approve the loan terms just before any significantly-necessary alterations can be confirmed. Most lenders would prefer to deny a loan modification and let the home fall into foreclosure. For those who are facing a foreclosure, there is another alternative recognized as a forensic loan audit. A loan audit is an overview of loan documents to locate federal and state violations. The earlier a forensic loan audit is performed, the a lot more it can aid a homeowner.

Numerous struggling homeowners try a loan modification due to the fact they believe it is their only alternative of saving their residence. They do not comprehend that they have been victims of predatory lending and that their home may have been bought with falsified documents or mortgage fraud.

A loan modification approval from the lender may assist save the homeowners residence, but it does not thoroughly investigate the homeowner’s loan documents for signs of fraud and predatory lending. As a result, a homeowner could find themselves in the identical position years down the line. A forensic loan audit is the only way a homeowner may possibly seek the support of the law to save their house.

If a homeowner believes they have been a victim of predatory lending, which consists of elder abuse, falsified loan documents or misleading actions on the element of the lender to get the homeowner into a loan, the homeowner should seek out the services of a reputable and experienced loan auditing organization.

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Why do not banks restructure loans to quit foreclosure crisis?

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Question by frickadella: Why never banks restructure loans to cease foreclosure crisis?
Properly, I hear a lot about how unamerican it is and uncapitalist as effectively – and by the way, its the home owners fault for purchasing a residence they could not afford. Place aside that OLD worn out notion of fiduciary duty, bah, that the bank may have had when giving out loans in the 1st spot and assist me recognize this: Who wins when so numerous are foreclosing? The banks lose money, the owner loses the house, and the investors that fund the mortgage marketplace are losing too correct… and the communites, the countys and on and on? I wouldn’t anticipate the bank or investors to restructure solely for the advantage of homeowners, but can not they just defer partially the payments or locate some answer that allows the owner to hold the property and nevertheless honor their obligation, just perhaps further out?

So I guess my query is, what is stopping banks from performing something when it appears everyone is losing out?

Ideal answer:

Answer by Rex
Absolutely everyone is not loosing it. Much less then 1% of homes are facing foreclosure, the media just talks about it a lot.

You look to be missing the truth that these men and women had been provided large sums of cash, which they spent and it needs to be paid back.

No 1 need to get a free ride, especially not based on them being greedy in the first location.

Give your answer to this question under!

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How can you avoid foreclosure with audits securitization

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Nobody wants to lose the house that not only stores all the goods, but all the memories. In many cases, this home is the place where they saw their children grow up, so it has become more than a house – it’s a house. Nothing is more heartbreaking than being in the position of having led by banks, because you are unable to continue to pay your debts.

Once taken, it is unlikely that you will ever get, so in order to avoid something like this to happen, Securitization audits are the way to go. An audit of securitization defends your property and he discovers his securitization. Through securitization audit, you can know whether or not there were signatures of fraudulent documents or if there are irregularities in the loan.

Using a securitization audit, you have increased the chances of winning your case. The verification process shows the status of the trustee and the holders of certificates, more precisely, if they still have the rights to continue with the closure. Audits securitization has changed a lot in recent years, more and more accessible not only to professionals but also for the average homeowner. In the past, these types of loans were supported by correspondent lenders, but now all the information regarding the participants and parties involved in the loan is included in an audit report.

An audit report securitization offers a big help, whether you need to modify your loan reports or use in the courts.

However, the use of the courts, with the exception of the documentation, you also need an affidavit. The report includes a detailed analysis regarding the privilege profile, a report on the complete profile of the property, information on the assessment of the tax, the complete data of mortgage transactions and cases extends to just to name a few services provided by securitization audits.

While taking care of an audit of securitization is not rocket science, professional who offer advice is recommended. It is always useful to not be alone when it comes to verification of important documents, such as signatures and certificates. In addition, the report contains a summary indicating the losses the lender or bank will have to face if they want to continue the process of foreclosure.

Do not let the banks take away from you your most valuable asset. Remember that even banks can make you give up the fight, leaving you believe you have lost everything, when in fact, you can always put up a fight and possibly win your case by audits securitization!

If you want to know more about check securitization do not hesitate to visit Audits securitization .

securitization articles verification

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What is a securitization audit? Does it help with foreclosure?

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Question by Curt Gallows: What is a securitization audit? Does it help with foreclosure?
OK, I received my notice of default and am scared all to heck about foreclosing on my home in Tampa, FL. I just heard about this thing called a securitization audit. Can anyone tell me what they are and if it will help with my foreclosure?

Best answer:

Answer by real estate guy
First, you need a lawyer. You can’t just walk away. YOU NEED A LAWYER.

I googled it. It’s when the bank will review the whole loan to make sure that you didn’t lie about getting the mortgage. For example, you didn’t lie about the income amount or source. You didn’t lie about source of downpayments., they will review tax returns, etc.

Add your own answer in the comments!

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