by treymanda on August 25, 2010 in Uncategorized
The first and most important step in eliminating a mortgage is to have a forensic audit done. The result of this audit will determine the number and severity of Real Estate Settlement Procedures Act (RESPA) and Truth In Lending Act (TILA) violations committed in the granting of the loan process. The auditor will examine every document used in the closing process. Unfortunately, some borrowers misplace their documents after closing. Sometimes, the package can be obtained from the title company or attorney who closed the deal. In a worst case basis, one may seek the documents from the lender using a Qualified Written Request (QWR).
Severe violations can subject the lender to treble damages and ‘rescission of security interest’ – a fancy way of saying the mortgage will be terminated. Often, the lender would rather reach an equitable settlement than risk a crippling court action. The process can take up to 120 days
The best prepared audit is of no value without skilled negotiation on the part of the borrower.
We will have the audit done and conduct negotiation on behalf of the borrower. Call 609-893-0619 or email taxfixnow@gmail.com. Also visit www.taxfixcenter.com
August 25, 2010 | No Comments Posted in Uncategorized
