NO TO LOAN MODIFICATIONS

LOAN MODIFICATIONS ARE A FAILURE!

Don’t go crawling to an abusive lender for a Loan Modification. Which do you think provides a better bargaining position: Approaching your lender with your hat in your hand and BEGGING, or approaching your lender with a LAWSUIT in your hand? A Forensic Appraisal and Forensic Document Analysis can give you the ammunition you need to go after your lender.

Click Here To Read About How Mortgage Fraud May Entitle You To Millions From Your Predatory Lender.

Everyone with a mortgage should take advantage of our Forensic Appraisal and Forensic Document Analysis. Call us now to start the process at 800-540-EXAM (3926).

LOAN MODIFICATION PERILS

Accordingto the latest data from the Federal Reserve “approximately 3 percent ofthe seriously delinquent borrowers received a concessionary modification in theyear following their first serious delinquency, while fewer than 8 percentreceived any type of modification,” at all! Nonetheless, everyone ishawking loan mods these days. It’s a scary thought that people with no legalexperience are pushing people into loan modifications without any discussion ofa forensic loan analysis or forensic appraisals. The scariest part, when youmodify a loan, you essentially WAIVE any claims you have to go after thelender! Why is this important, because the majority of loans closed in thiscentury have problems that the borrower could use against his lender! In fact, andin most cases, lenders are holding nothing but worthless or at bestquestionable mortgage instruments. If you sign up for a loan modification, youare in essence validating an alleged debt that you most likely

don’t haveanymore because it was destroyed in the securitization process. Click Here To Read About Loan Modification Scams

Did you know that even though a homeowner MIGHT be saving money by having a reduced monthly mortgage payment, these savings ARE NOT forgiven. The amount of possible savings is actually SET ASIDE as a ballon that the homeowner MUST PAY upon sale, refinance or the maturity of the loan. Also, all arrears up to the time of the modification offer is made, are capitalized into the balance of the modifed loan. they too, are not eliminated. So, even though you home may not be “under water” today, your home most likely will be after any modification.

Furthermore,a Loan Modification company cannot guarantee the distressed borrower that theirsubmitted documents for the modification will not be used against them by lawenforcement in the future. Prosecutors will be going after borrowers forparticipating in fraud by overstating their true income. What this does is makeany submission to the lender vulnerable unless you have the attorney-clientprivilege over your submission. (The same is true if a borrower submitsfinancial statements to obtain a Deed In Lieu of Foreclosure or Short Sale.)Therefore, a Loan Modification should bea last resort- a legal maneuver not something done by Joe the Modifier. Click Here To Read About Prosecution Of Borrowers.

Avoid Foreclosure! Be aware that if you allowyour house to go into foreclosure, that might not be the end of your problems.The bank will sell the house – probably at a low price. If the sale does notpay off the loan, the bank can still come after you for the difference. You mayface debt collection for years to recoup the “deficiency” – theamount the bank lost even after selling the house.

** FRAUD ALERT **

Although a forensic examination of the mortgage transaction can be of substantial value to a homeowner, regrettably, most companiesproviding “forensic loan audits” are not qualified to do so. Most of these so-called “mortgageaudits” are performed and sold by persons with no legal training, who inputsome data into the same software program that lenders were using as a compliancechecklist against federal regulations. The “audit” is a useless checklist ofthe documents provided to the “auditor,” with no information about the legalimplications of the documents. It’s that old adage on computer software: “Garbage-in, garbage-out.” Think about it: If the software didn’t find themortgage errors when the lender used it, how is it going to find the errorswhen Joe the Auditor uses it? We perform our forensic appraisals and documentexaminations mostly for attorneys. They are going to spot a garbage report alot quicker than a layperson. We have to provide services that withstand thescrutiny and demands of a trained legal eye. You need a specific and uniquelegal knowledge to do a forensic examination of a mortgage transaction; a ten-minute software audit is nosubstitute for three years of law school. We’re legal professionals looking forthings that software can’t find, besides, we know what to look for. Moreover,when attorneys compare our “examinations” with other so-called audit companies theyfind the other “audits” to be “useless,” and a ticket to sanctions

CALL US NOW:  
1-800-540-EXAM (3926)