How Mortgage Audits Can Help?
(Cancel Your Loan, Lender Has NO Standing, Refund Due...)

The audit is a review of the sale transaction that took place after you received your loan. The audit focuses on chain of title, note and security instrument possession issues, and more. More on securitization audits CLICK HERE.

All homeowners are eligible for an audit (80% - 98% of mortgages have potential violations).

• If you have an ARM or high interest rate

• Your mortgage was sold

• You have an escrow account

• You have little to no equity

• You are struggling to make payments

• You are in foreclosure

• or You just want to check

You QUALIFY!!!

Yes! The audit can be used to stop ALL collection activity including foreclosure. However, it is important to know that you need to apply the results properly to your situation. Most audit reports should not be submitted to the lender or court to try and obtain results. However, excerpts from the report on key violations (with related state or federal statutes and case law) should be used in letters to the lender and/or pleadings (complaints) and motions in court cases. This is the only way to fully realize the power of your results.

Yes, it is possible. However, you should realize that complete cancellation of any obligation is not common. Our Program helps in at least 4 ways to help you determine if you qualify for a partial or full cancellation.

• TILA Violations

  Right of Rescission - The rescission right is absolute for 3 days, but it is extended for up to 3 years if certain material TILA disclosures were not provided correctly at the time of the original credit transaction or a proper notice of the right to cancel was not given. The creditor must give each consumer 2 copies of a notice of the right to rescind. If you were never notified of your Right To Cancel, certain TILA disclosures were not accurate, or if your tried to Cancel and were not allowed to, you maybe eligible to have your loan canceled if you refinanced less than 3 years ago.

  
  

  APR and Finance Charge Violations - Incorrect disclosure of these numbers could allow you to cancel!

  
  TILA violations can have very severe consequences for the lender up to and including having the homeowner receive the property FREE and CLEAR!

• Mortgage Was Improperly Sold

  Because the people who acquired your mortgage and made it into a security changed the mortgage agreement without your permission and made the mortgage unusable. They don't have a right to enforce the mortgage agreement you granted. You made a deal, if you don't pay the mortgage, a SPECIFIC party can take your house away from you. You didn't say ANYONE could take your house away from you.

  
  

  Despite the fact the creditor is owed the money, the creditor does not have the right to foreclose. Our Program is designed to let everyone know the creditor does not have the right to foreclose and compel the creditor to workout an alternative payment arrangement.

  
  

  When you create a mortgage, you create 2 documents. The note and mortgage. The note is the IOU and the Mortgage is the legal agreement that gives the right to take your house away if you don't pay. When you failed to pay, the party that purchased the Note tried to use the mortgage to foreclose. However, when the party "securitized" the mortgage, the added new conditions and new parties that you unaware and didn't agree making the mortgage agreement unenforce-able. So, although you still owe the money to the other party, they cannot use foreclosure to take your home.

• Predatory Practices (i.e., Non-Repayable Loan, Fraudulent Appraisals, etc.)

  Certain homeowners received loans that they were never able to repay, had inflated appraisals, or other potentially fraudulent activity. Our program runs tests on your mortgage documents to see if your loan meets these criteria.

• Produce the Note (Judicial or Non-Judicial States)

  If the lender cannot produce the original note (which is a negotiable instrument), they do not have the right to foreclose on your property. FreeMortgageAudit.net, will provide what you need to force the lender to show proof that they have possession of the note. Do not let the lender re-establish a copy!

Not for certain violations like payments & balance errors and certain chain of title transactions. However for most borrowers, it is better to be in default because most of the laws favor borrowers in default. Also, lenders make more errors during the foreclosure process, and an audit completed before default would never show them.

A loan modification is where you ask the lender to change the terms of your mortgage so your payments can become more affordable. For example, they could lower your rate to 2% and/or extend your term to 40 years or so.

An audit does not modify the loan terms, but it can be used to assist the borrower in obtaining leverage to negotiate with the lender.

Audits can be used to lower payments because the may provide the borrower with leverage that they did not have prior to finding the violations or errors. The lender may now be much more willing to negotiate with them for better terms now that they have presented these violations or errors.

Depending on your situation, it could actually help your credit because the lender must stop reporting to credit agencies once they acknowledge their violations.

A successful audit can give you the time you need to find the right buyer.

Yes. However, you may need to have an automatic stay filed if your date is less than 15 days away!

Yes, audits can assist with sale reversals!!

You could also use the audit results to sue the lender for damages and remove any negative reporting on the credit report.

Yes. We have a Free Online Audit available. It will summarize some of the most abused violations. It can even determine if you may be entitled to cancel your loan.

Just complete the form to your upper right, and your results will be provided instantly. Just click on any one of the laws on the results page to learn more about your FREE results.

You can also call 813-445-5004 to review the Free results. You can also Click Here to get a Full Forensic or Securitization Audit now!

IMPORTANT NOTE:

The free audit results are meant to be used as a directional guide for the homeowner. It is NOT a comprehensive forensic audit, and it will NOT show ALL violations. The FREE results could show NO violations, BUT a full mortgage audit could still find VERY SEVERE violations.

It is NOT possible to challenge your lender with the free results alone. The homeowner's actual mortgage paperwork must be reviewed to ensure identification of ALL audit violations.

How much can be refunded? And how is it paid?

The amount refunded will vary by loan, but very large refunds have been found for some borrowers greater than $30,000. Usually the error is corrected by adjusting the principal balance of the loan. In some circumstances, the borrower may be able to obtain additional tax benefits because of errors as well.

What loans qualify for an audit?

All ARM Loans AND fixed rate loans where the borrower has made extra principal payments AND has documentation. Also, if your loan was transferred (fixed rate OR ARM), and you believe the new servicer did not use the correct transfer balance.

How long does it take for the lender to process my refund check?

In general, most lenders today will respond promptly when notified about any mistakes in computations. Since these mistakes are inadvertent, most lenders want to make corrections and make a full refund or credit to any borrower bringing the mistakes to the bank’s attention. Therefore, it is unlikely that you will have to take the step of either contacting the State Banking Regulator or an attorney.

How long does it take to get the results back for my audit?

You will have the results of your mortgage audit in approximately 5 business days after we receive your information and payment.