Loan audit

A Loan Audit Can Show that Foreclosure Isn't Appropriate

When you are working with clients who come to you because they are facing foreclosure, one of the things that you are going to want to think about is what you can do to address the situation. As a lawyer, you're going to want to be sure that you are turning to loan audits, loan auditors and those processes that are going to be able to bring it all together. Ultimately, what you are looking for when you have a loan audit performed is the ability to show that foreclosure isn't appropriate.

Ultimately, the problem with the number of foreclosures that are taking place these days is the fact that they shouldn't be happening in the first place. When TILA regulations weren't followed, when there wasn't full disclosure within the process of issuing the mortgage loan and when there were a number of other errors that a loan auditors can uncover, what you are going to find is that your clients benefit. Rather than having to go into heavy negotiations with a lender, if a mortgage audit shows that the loan isn't enforceable, you're going to find that they are anxious to work with you - you'll also find that your clients get to keep their homes.

posted by MORTGAGE AUDIT SERVICE December 09, 2008 1:43 AM

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