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Can a Mortgage Loan Audit Really Defend Your Home From Foreclosure?

By: Mark Bendleton

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The word "Foreclosure" has become common parlance these days, as countless panicked homeowners face the risk of losing their homes. Our country's sunken job market has made the housing crisis even more acute, and thousands of families are feeling desperate and convinced they are without help.
But there is hope for them. A successful Mortgage Loan Audit has proven to be the key to saving countless homes from foreclosure, and has enabled many families in distress to get back on the road to financial security.
A forensic mortgage audit is, completed by a seasoned forensic mortgage auditor (FMA), is a meticulous examination of all documentation having to do with a home loan, including contracts, closing papers, payment statements and bills.
Any mistakes that may have been made throughout the lending process, including violations of state or federal lending regulations and false charges, can be found in a successful Mortgage Loan Audit.
While one would assume that lenders would conduct the process with the utmost professionalism and legality, 80% of mortgage loan audits have discovered a variety of errors, false or understated charges, incorrect margin placement, and even outright fraud.
Missteps such as these can have severe legal consequences, rendering contracts invalid and lenders vulnerable to a lawsuit. As a result, Mortgage Loan Audits have allowed many strained homeowners to receive thousands of dollars in refunds and even the leverage needed to negotiate for lower mortgage payments.
One family to win big from a successful mortgage loan audit was the Mosbys of Miami, Florida, who after being foreclosed upon, recruited a forensic mortgage auditor to assist them. The audit uncovered errors large enough to enable the Mosbys to take their lenders to court under the Federal Truth and Lending Act. As a result, they were awarded their house back, mortgage-free.
While such dramatic results are not typical, mortgage loan audits have rendered over 80% of homeowners eligible for a refund of come kind, 11% in excess of $10,000. One borrower, for example, with the help of a mortgage loan audit, found that the bank had miscalculated his payments and owed him over $30,000. Another homeowner in Denver was refunded over $40,000 in overcharges as the result of his mortgage loan audit.
Mortgage Audits have already changed the fortunes of many families on the brink of homelessness and financial ruin and the numbers continue to get bigger. Homeowners feeling helpless under the threat of foreclosure should know that they are not without options.
They may be able to keep their homes with the assistance of a successful mortgage loan audit.
By uncovering discrepancies in at least 80% of loans, they can provide the legal leverage needed to bring mortgage lenders to the bargaining table. The danger of losing one's home can be stressful for anyone, but there is no need to shoulder the burden alone.

Article Source: http://depositarticles.com/

To Find Out more about saving your home with a Mortgage Loan Audit and to speak to a Mortgage Auditing Company, click this link --> Mortgage Auditors Get a Unique Version of this Article Article Marketing

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