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In the past year it seems that everybody has become an overnight "Loan Modification Expert." In California alone it’s been reported that in the last six months over 350 started operating as loan modification companies and already the state has started prosecuting many of them for scamming unsuspecting homeowners. I have yet to find the University that bestows a degree on these people in such a short period of time. It seems anyone who can put a web site up or run a radio or TV ad becomes an expert in a matter of days. Ironically these may be the same people who were part of the predatory loan disaster to begin with. We get at least three to five calls a day from these same "so called experts" wanting to know how a loan audit can help them because they aren't having any success with what they think they're doing. It is astounding how little these people know about the loan modification process… their lack of knowledge very often will leave you worse off than if you had done nothing.
A Mortgage Audit Is The Proof That’s Needed For A Modification/Restructure Of Your Loan!
By making sure that there is a Mortgage Audit prior to working out a loan modification you’re going to be able to negotiate a much more favorable modification/restructure. Because so many mortgage loans have problems in the ways in which they were put together a Mortgage Audit prior to seeking a loan modification will ensure that any violations/fraud is uncovered. A Mortgage Audit will prove more helpful leading to a modification – an audit proves beyond a doubt that the loan you are in may be illegal and have federal and state violations. For this reason your lender may have no choice but to modify/restructure your loan making it affordable based on permanently lowering the interest rate-discounting the principal loan balance and lowering the monthly payment.
All of this can be very confusing and intimidating, but it doesn’t have to be, we’ve been involved in helping people like yourself out of lender problems for over twenty years, since 1989 in all fifty states. If we have to blow our own horn, we don’t believe there is anyone who knows more about this business than we do.
It does bother us that so many so called ”experts“ are taking advantage of and misleading people like you who truly need the right advice. There are so many predators – so here is some advice
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