Denied Mod, how do I doc a forensic doc audit to see any violations? - Loan Modification Forum

sbgradinnb · 01-26-2009, 03:53 PM

Have been denied for a loan modification by Select Portfolio Services.

I would like to know if I can do my own forensic audit but do not know what to look for specifically. Anyone do this or know how?

Help is appreciated.

Moe Bedard · 01-26-2009, 04:38 PM

that isn't something that you can do on your own, it is way to complex.............we have attorneys that do this for us...............here is the link for the info........
Predatory Lending

angel83 · 01-26-2009, 04:51 PM

***, this advertisement references a 3 year time frame in which the process needed to have been initiated. Do you know if there is any wiggle room on this?

Moe Bedard · 01-26-2009, 06:05 PM

that would be the statute of limitations for a law suit for rescinding the loan if it were a refinance only...............and one would also need to have a backup loan in the same amount to take the place of the loan being rescinded.

angel83 · 01-26-2009, 08:32 PM

Just so I am clear, if it is not a normal refinance, but if it is determined that there is a big enough violation to warrant a possible rescind of the original loan, then there is no statute?

Moe Bedard · 01-26-2009, 09:54 PM

that is a question best directed at an attorney..................as the right of rescission is only applicable in the case of a refinance.

01-26-2009, 03:53 PM	#1 (permalink)
sbgradinnb Member Join Date: Apr 2008 Posts: 9 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Denied Mod, how do I doc a forensic doc audit to see any violations? Have been denied for a loan modification by Select Portfolio Services. I would like to know if I can do my own forensic audit but do not know what to look for specifically. Anyone do this or know how? Help is appreciated.

01-26-2009, 04:38 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Denied Mod, how do I doc a forensic doc audit to see any violations? that isn't something that you can do on your own, it is way to complex.............we have attorneys that do this for us...............here is the link for the info........ Predatory Lending __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

01-26-2009, 04:51 PM	#3 (permalink)
angel83 Senior Member Join Date: Jul 2008 Posts: 214 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Denied Mod, how do I doc a forensic doc audit to see any violations? ***, this advertisement references a 3 year time frame in which the process needed to have been initiated. Do you know if there is any wiggle room on this?

01-26-2009, 06:05 PM	#4 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Denied Mod, how do I doc a forensic doc audit to see any violations? that would be the statute of limitations for a law suit for rescinding the loan if it were a refinance only...............and one would also need to have a backup loan in the same amount to take the place of the loan being rescinded. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

01-26-2009, 08:32 PM	#5 (permalink)
angel83 Senior Member Join Date: Jul 2008 Posts: 214 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Denied Mod, how do I doc a forensic doc audit to see any violations? Just so I am clear, if it is not a normal refinance, but if it is determined that there is a big enough violation to warrant a possible rescind of the original loan, then there is no statute?

01-26-2009, 09:54 PM	#6 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Denied Mod, how do I doc a forensic doc audit to see any violations? that is a question best directed at an attorney..................as the right of rescission is only applicable in the case of a refinance. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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