Look around you. Does your neighbor, friend, co-worker or family member have a mortgage? How about ten folks on your street? The Mortgage Bankers Association is reporting that 1 in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce. The housing [...]
Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud says FTC
June 7, 2010 By Leave a Comment
The latest foreclosure rescue scam to exploit homeowners is a forensic mortgage loan audit says the FTC. They should have said MAY BE a scam. What the FTC doesn’t tell you is that it is only a scam if there is no value to the audit. A good audit will analyze your loan not just [...]
Second wave of foreclosures looming
November 19, 2009 By Leave a Comment
As reported by Stephanie Armour in USA Today, the next wave is poised to roll in, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices. These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales. About 7 million properties are [...]
Free mortgage audit for Veterans!
November 11, 2009 By 3 Comments
In honor of Veterans Day and all our military members have done for this great country will are providing all Veterans with a free mortgage audit today. A mortgage audit is a forensic analysis of your Loan Application, the Good Faith Estimate, the Truth in Lending Statement, Note, Deed of Trust, HUD-1 closing statement and [...]
Can a Retro Appraisal Save the Day?
November 2, 2009 By 2 Comments
So-called “retro appraisals” are the latest tool at the disposal of lawyers looking to fight off foreclosure and obtain a favorable loan modification or a short sale for their clients. “The theory is that the financing was based upon a questionable appraisal which the lender approved without proper oversight,” a RetroAppraisals.com release said. “Mortgage brokers, real estate agents, and lenders had [...]
