Do Not Treat the Quote as Automatically Correct
A reinstatement quote or payoff quote can include principal, interest, escrow, late charges, inspection fees, property preservation charges, attorney fees, foreclosure costs, and corporate advances. A reinstatement quote audit and payoff quote audit review whether the stated amount is supported by the loan documents and account records.
What We Compare
- The quote against the payment history and monthly statements
- Attorney fees, foreclosure costs, and corporate advances against itemized support
- Escrow shortages and disbursements against annual escrow statements
- Interest calculations against default, acceleration, and payoff dates
- Fee charges against the note, mortgage, deed of trust, and servicing records
When This Matters Most
This review is most useful before a foreclosure sale date, mediation, settlement conference, refinance, short sale, or lien release negotiation. Unsupported quote amounts can affect whether a borrower can cure, sell, refinance, or negotiate realistically.
What to Gather
Provide the full reinstatement or payoff quote, the latest payment history, monthly statements, escrow statements, foreclosure notices, attorney fee invoices if available, and any prior payoff or reinstatement figures.
Educational point: the audit can help identify accounting questions and documentation gaps, but it does not guarantee a reduced payoff or reinstatement amount.
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Related reviews: foreclosure accounting review, payment history audit, and escrow audit.