Forensic Loan Audit

[Rebecca]

Hi

Recently I learned about the Forensic Loan Audit and I'm thinking that if there is any violation on my mortgage than I will be getting my loan modification faster. I am still waiting to hear from ASC and it takes them forever.While I'm still waiting Who do I contact to review my loan?

Rebecca

[Moe Bedard]

Is ASC on another property other than the CitiResidential loan or the same one?

[Rebecca]

Yes. It another property.

Thank You

[Moe Bedard]

click on the link below for the attorney number to contact and speak to someone about the loan audits and if it will be able to help you......
Safe Loan Modification Service | Home Mortgage Forum | Protect Your Home & Mortgage With Loan Safe

[Rebecca]

Hi

I contacted the law office this morning and I discussed the situation with them. The person who I spoke with, told me that in an adjustable rate, the chances are greater to occur, rather than a fixed rate, and that they mostly taking those types of loan. is that true? I'm reading many articles about the forensic loan audit including this website and I couldn't find anything that specifies adjustable rate. what do you think?
If that's the case, than many many people that has a fixed rate can not review their loans.

Thanks
Rebecca

[Moe Bedard]

It isn't necessarily that................loan modifications have to go through the final approval of the investors on the loans regardless of wether or not your hire a third party to go through the process with..........

The way that it should have been explained to you is that on a fixed rate loan their are not many violations to find.........the loans are pretty straight forward and not predatory in nature.......most of the issues in cases like this are with the unscrupulous loan brokers who may have lied to close the loan...........and going after an individual is extremely costly in the court system.


What is your interest rate at?
What is the loan amount?
Are you in default?

[Rebecca]

Hi

Ok, thanks for answering, but here is my question, should I go and have my loan audit? and if they find any violation what do I do?

Rebecca

[Rebecca]

My rate is 7% the amount is $455.000 and yes I'm in default.

[Moe Bedard]

On a 7% fixed loan there are not going to be violations to find.........that isn't a predatory rate on a loan that size.............you would be wasting the money on the audit for an outcome that isn't going to help the cause...........

I posted the number to the office of the president for CitiResidential in your Citi thread......they may be able to help you.........have you tried calling and asking what the options are for a modification from the investor on your loan?

[Rebecca]

The loan with ASC not Citi.

Thanks
Rebecca

[tomser]

Originally Posted by Moe Bedard

It isn't necessarily that................loan modifications have to go through the final approval of the investors on the loans regardless of wether or not your hire a third party to go through the process with..........

The way that it should have been explained to you is that on a fixed rate loan their are not many violations to find.........the loans are pretty straight forward and not predatory in nature.......most of the issues in cases like this are with the unscrupulous loan brokers who may have lied to close the loan...........and going after an individual is extremely costly in the court system.


What is your interest rate at?
What is the loan amount?
Are you in default?

HI Bedard

I think we owe you a lot for your valuable contribution to this forum

I have two specific questions;

first, retirement fund ( stock,bond and mutual fund at vangurad) is accepted as income when appling loan mod.

second, all my 3 loans are are all interest only( 5 year interest only )loan and what are the chance I may be all predatory loan ?? and need thr forensuc loan aaudit neccesary ?? worthwhile then where i can find attorney and what kind of money i have to spend??

thank you very much your reply

best wishes always

tomser