Learn how a Forensic Mortgage Loan Audit can help get a Loan Modification or Short Sale approved
David Smith – Forensic Mortgage Loan Audit
Learn how a Forensic Mortgage Loan Audit can help get a Loan Modification or Short Sale approved
According to an FDIC Report, over 80% of mortgages contain one or more legal violations. These violations amount to a crime that was committed during the origination, closing, or servicing of the mortgage loan. These violations can carry large fines and other penalties that may provide you with legal rights against the lender and/or servicer.
What is a Forensic Mortgage Audit?
- It is a comprehensive examination of the loan documents related to a real estate loan to find violations and errors.
- It is a review of the fees and other costs to determine whether they comply with Federal and State Lending Laws.
- It is a verification of the Annual Percentage Rate calculation from the Truth-in-Lending Disclosure to ensure it is within allowed tolerances.
- It examines whether the lender provided all of the required disclosures and whether they were done at the proper time.
- It looks for evidence of Predatory Lending Practices and fraud.
- The results of an audit can provide leverage for homeowners who are seeking a loan modification, short sale, etc.
Call Mark at 248-939-6232 to reserve your seat. The fee to attend the meeting is $20.00 and dinner will be included! Pay at door
| Event Date: | Tue, Oct 5, 2010 |
| Event Start Time: | 6:00 PM |
| Event End Time: | 9:00 PM |
| Location: | 17177 Laurel Park Drive North, Livonia, Michigan 48152 In the Atrium Café on the first floor |
| Primary Phone: | 248-939-6461 |
| Primary Email: | |
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| Disclaimer: Real estate investing by nature is risky. You can win, lose, or break even. We cannot guarantee a profit or loss. We do promise you support and coaching. What you buy is what you buy. The sign up fee is not refundable, and will not be returned. We do not provide legal, accounting, or contracting advice. | |
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http://www.megaeveningevent.com Michigan Real Estate Event Calendar, the Michigan Event site for Real Estate and Internet Clubs, and Associations
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