News Articles:

One More Reason for Denials of Loan Modifications. - Several distressed homeowners who may be eligible for loan modifications were denied by Chase for a reason that violates the Treasury Department’s rules, according to a recent report from ProPublica, a nonprofit news organization. Read More

Loan modification? Good luck with that - "It's a never-ending game that banks are playing with customers," J.N. said. "If all banks are doing this, I'm surprised most folks haven't just given up and let their homes go into bankruptcy." Read More

Fed-up chief of Fresno housing agency quits - Loan reworkings fail, former exec of nonprofit says. The head of a key Valley housing counseling agency has resigned, saying he lost faith in the Obama administration's loan-modification program. Read More

CA Mortgage News- Obama Mortgage Relief Program Fails - Now it should come to no one as a surprise that in today’s news it was reported that the Obama Mortgage Relief Program failed to deliver.When they announced in the beginning that this would help about 3 millions American’s many of us in the business where skeptical. We were right to be. Only a fraction of that amount has actually been helped, now you have to remember also that ½ of the loan mods done last year re-defaulted. Read More

Federal Laws:

The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. It requires lenders to give a good faith estimate (GFE) of all closing costs that borrowers must pay. It was designed to help borrowers from being forced to pay "hidden fees" at closing.
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The Truth in Lending Act (TILA) requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate, and the number, amount and due dates of all payments necessary to repay the loan. The TILA also requires additional disclosures and places many restrictions on mortgages.
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The Fair Credit Reporting Act (FCRA) was designed to prevent inaccurate or obsolete information from entering or remaining on a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information.
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The Equal Credit Opportunity Act (ECOA) was designed to ensure that all qualified people have access to credit and prohibits discrimination based on sex, marital status, age, race, national origin, or public assistance benefits received.
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protecting your interests
 
United Auditors can give you the documentation needed to save your home. A loan audit and a professional real estate attorney can help save your home and prevent foreclosure.

It's never too late: if making your mortgage payments on time or in full is becoming difficult, you should know there are options available to you. You don't have to just sit back and watch your home go into foreclosure. Our loan auditors can help you determine if foreclosure is the inevitable result of a predatory loan, or if you have legal action. There are specific laws and guidelines that must be followed when a lender underwrites and funds a mortgage loan. If your lender failed to stay within those guidelines set by federal and state lawmakers, we can provide you with legal assistance. Our loan auditors will perform a loan audit during which we review all of your loan documents and then determine whether you have fallen victim to predatory lending.

There is good chance that a predatory lender took advantage of you. However, it's likely that we can help you get out of this unfortunate situation by performing a loan audit. Allow us the opportunity to investigate your circumstances by requesting a loan audit today.
 
 

Are You In Foreclosure?

If you are behind on your payments or facing foreclosure, you are not alone! Close to 6% of American homeowners (about 2.4 million) are currently facing foreclosure. 1 in 10 homeowners is behind on their monthly payments. Predatory lending is largely responsible for this grim reality. If you have been a victim of predatory lending, we can help you stop foreclosure today.l

Do You Have an Adjustable Rate Mortgage

Trillions of dollars in adjustable rate mortgages will reset in the next two years. Don't let your adjustable rate mortgage make you a foreclosure statistic! Our research indicates that over 92% of adjustable rate mortgages have violations that occurred in the loan documentation or during the loan origination process. Don't get stuck in your adjustable rate mortgage! Contact us today to do a loan audit.

Do You Owe More Than Your House Is Worth?

The relentless downward slide in the real estate market has left nearly 1 in 5 homeowners upside down on their mortgages. This means that they owe more than their homes are worth, which raises the likelihood of foreclosures or defaults. Many homeowners feel trapped, because their largest investment is "underwater". You don't have to feel trapped any longer. Let us perform a loan audit to see if you have legal grounds to renegotiate the principal on your mortgage.

 

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Podcasts

Real Estate Talk with Mark Heller

Special Guest Joshua Carnes on "Why Audits", as well as other real estate topics.

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Real Estate Talk with Mark Heller

Mark Heller and Brian Church are joined by expert Joshua Carnes on the do's and dont's of Auditing, as well as other real estate topics.

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