A Forensic Loan Audit, also known as a Forensic Loan Review or a Mortgage Audit is an in-depth investigation of the loan that your lender gave you. The audit is conducted to determine what Federal Laws were violated by your lender when they prepared the loan that you were offered either directly by the bank or by an agent of the bank – usually a broker.
The forensic loan audit is conducted by reviewing two critical areas of the loan process: What happened leading up to the loan being given to you, and what kind of loan were you given. These two areas will reveal why you are struggling now. The results of a properly done forensic loan audit are so successful that they can often stop foreclosure.
Many homeowners believe that the reason they are struggling is because of a drop in income, however that is not always the case. A properly prepared 30-year loan should never consume so much of a homeowner’s net income that he cannot survive some bumps in the road. The Forensic Loan Audit shows the true cause of the problem—and it typically shows that the bank violated federal laws that protect borrowers, which in turn, put them into a loan they could never pay back.
Tila Solutions is an Audit Company. They have been conducting Forensic Loan Audits since the housing bubble burst. Consistently, the majority of the audits they have done show that homeowners were put into predatory loans, often referred to as “sub-prime loans.” If a homeowner is in a loan that is of a predatory nature, then he has been on the road to foreclosure since he initially signed those loan documents. The homeowner was literally duped into a loan by the bank that he could never repay: he was doomed from the start.
Recent research has shown that the lenders knowingly put people into loans that they would never be able to pay back. The lender was planning on selling the loan off right away, and it really was not going to be that lender’s problem whether or not the borrower would end up in foreclosure. He would have already made his profits by that time.
If a homeowner is struggling to make his payments, struggling to get a loan modification, or has been denied a loan mod (and especially if the bank has said he doesn’t make enough money), then the homeowner should contact Tila Solutions and request that a forensic loan audit be done so their loan modification or litigation attorney can use the information provided by the audit to strengthen their case.
Because of the scamming or misleading and fraudulent nature of the American banking industry, Forensic Loan Audits when used by loan modification attorneys are key to achieving a permanent loan modification. Tila Solutions will also provide referrals to competent loan mod attorneys if a homeowner doesn’t have one.
To find out more about Tila Solutions powerful and effective Forensic Loan Audits, contact them at (702) 508-0335 or visit the website for more information, Forensic Loan Audit.
You don’t have to lose your home to the bank! In fact, you CAN save your home with a Forensic Loan Audit.
