How does a Forensic Audit help me deal with my lender?

A foreclosure action is a civil suit.  That is something a borrower must never forget.  That means that once you fall behind on payments the lender holds all the cards.  A forensic loan audit may just give you a new deal.  If the audit uncovers appraisal fraud, or fraudulently completed closing documents that means that you have a new hand to play.  In fact it may mean that you have more power than the lender.  This means that the lender will likely negotiate.

How often is there a problem with the loan documents?

More than half of audits performed uncover either appraisal fraud or improper loan documents.  In fact, many uncover both.

Why should I not just do a loan modification?

Loan modifications only help the loan modification company.  They don’t help the property owner.  You still have negative equity and any unpaid interest each month is just added to the loan balance.  Why would you keep paying for a property that has an increasing loan balance and is possibly also going down in value.  You need to fight back and get out from under that loan, not kick the can down the road.

I have seen loan audits that are only $400.00, how is this different?

The auditors we use have been helping attorneys and property owners for 35 years.  They use human being not garbage in garbage out software.

How long does it take to get an audit performed?

After all the documents are sent in you have an audit back in your hands in 10 business days.

How much does an audit cost?

Residential closing with one mortgage - $1,300; with two mortgages, i.e. 80/20 packages $1,500.00

Commercial properties $1,900