You may need a Certified Forensic Auditor
READ YOUR MORTGAGE LOAN AGREEMENT. Not all loan agreements are legally sound.
Many loan contracts contain clauses that are outright illegal. You will not know this unless you read your contract. Also,
your mortgage agreement may contain clauses to protect you from excessive loan charges. If so, you have legal
recourse for financial restitution if you are being overcharged. For instance, the following clause entitles the borrower to
compensation for overcharges.
Many loan contracts contain clauses that are outright illegal. You will not know this unless you read your contract. Also,
your mortgage agreement may contain clauses to protect you from excessive loan charges. If so, you have legal
recourse for financial restitution if you are being overcharged. For instance, the following clause entitles the borrower to
compensation for overcharges.
You may not recognize the many hidden borrower rights and discrepancies in loan agreements that entitle you to a new
contract. For this reason we recommend that you seek the council of a professional mortgage mitigation specialist that
not only knows contracts but have direct access to underwriters and other key personnel involved with the internal
workings of banks.
Certified Forensic Auditors
If you are having trouble with your lender, have us contact us or one of our trained mortgage mitigation specialists to
represent your case with your lender. Our mitigation specialist will also be able to tell you if you should escalate your
case to a Certified Forensic Auditor to check the legal validity of your loan agreement. Only a trained mortgage mitigation
specialist can tell you if you have a case that requires the services of a Certified Forensic Auditor. If so, contact us to put
you in touch with an auditor.
contract. For this reason we recommend that you seek the council of a professional mortgage mitigation specialist that
not only knows contracts but have direct access to underwriters and other key personnel involved with the internal
workings of banks.
Certified Forensic Auditors
If you are having trouble with your lender, have us contact us or one of our trained mortgage mitigation specialists to
represent your case with your lender. Our mitigation specialist will also be able to tell you if you should escalate your
case to a Certified Forensic Auditor to check the legal validity of your loan agreement. Only a trained mortgage mitigation
specialist can tell you if you have a case that requires the services of a Certified Forensic Auditor. If so, contact us to put
you in touch with an auditor.
CONTACT US FOR HELP
The Urban Solutions team provides a comprehensive
set of solutions to keep homeowners in their homes.
However, there are cases when lenders refuse to
capitulate with government sanctioned loan
modification programs. Though Urban Solutions is not
a law firm, in cases such as these, we do recommend
use of a Certified Forensic Auditor or attorney to insure
that your mortgage contract is legally valid. If you feel
that legal assistance is required to settle your claim,
contact us. We will do all that is within our legal power
to help you.
The Urban Solutions team provides a comprehensive
set of solutions to keep homeowners in their homes.
However, there are cases when lenders refuse to
capitulate with government sanctioned loan
modification programs. Though Urban Solutions is not
a law firm, in cases such as these, we do recommend
use of a Certified Forensic Auditor or attorney to insure
that your mortgage contract is legally valid. If you feel
that legal assistance is required to settle your claim,
contact us. We will do all that is within our legal power
to help you.
If you need additional
information regarding our
services or need customer
support click the contact
link, below.
information regarding our
services or need customer
support click the contact
link, below.
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FAQs
What is a loan modification or loan workouts?
Loan modification and loan workouts both mean the
same thing. A loan modification is a way to help
homeowners avoid bankruptcy when their largest
financial burden is the monthly mortgage payment.
Many Americans do not expect or want to be bailed out
by the government with a bankruptcy or lose their
home to foreclosure. With a loan modification, the
homeowner is simply agreeing to a change in the
original terms of the loan with the existing lender. The
new terms are accepted by both the homeowner and
the financial institution. The lender and borrower both
benefit from a loan modification because the
homeowner gets to keep their home and the bank
avoids the lengthy process of foreclosure. Some of the
characteristics of a loan modification are interest rate
reductions, extensions of loan periods, the
reamortization with capitalization of arrears by
recasting missed payments, a reduction of principal
balance, and deferred junior mortgages.
What is a loan modification or loan workouts?
Loan modification and loan workouts both mean the
same thing. A loan modification is a way to help
homeowners avoid bankruptcy when their largest
financial burden is the monthly mortgage payment.
Many Americans do not expect or want to be bailed out
by the government with a bankruptcy or lose their
home to foreclosure. With a loan modification, the
homeowner is simply agreeing to a change in the
original terms of the loan with the existing lender. The
new terms are accepted by both the homeowner and
the financial institution. The lender and borrower both
benefit from a loan modification because the
homeowner gets to keep their home and the bank
avoids the lengthy process of foreclosure. Some of the
characteristics of a loan modification are interest rate
reductions, extensions of loan periods, the
reamortization with capitalization of arrears by
recasting missed payments, a reduction of principal
balance, and deferred junior mortgages.
What does the bank take into consideration for a
loan modification?
The lenders realize that you are a homeowner and not
just a file. It is the person that works hard everyday to
make mortgage payments and provide for a family that
keeps these banks in business. Circumstances arise
in life that are not foreseeable such as declining home
prices, slumping economy, family illnesses,
temporary unemployment, childcare, reduction in
income, possible litigation for predatory lending, and
most recently pressure from the federal government.
Most importantly, the bank will want to review your
financial statements to verify that if a loan modification
is completed you can follow the new terms.
loan modification?
The lenders realize that you are a homeowner and not
just a file. It is the person that works hard everyday to
make mortgage payments and provide for a family that
keeps these banks in business. Circumstances arise
in life that are not foreseeable such as declining home
prices, slumping economy, family illnesses,
temporary unemployment, childcare, reduction in
income, possible litigation for predatory lending, and
most recently pressure from the federal government.
Most importantly, the bank will want to review your
financial statements to verify that if a loan modification
is completed you can follow the new terms.
Can a homeowner contact the lender on their own?
Yes, however an advocate who is trained in extracting useful
information from you and then applying it in discussions
with a lending institution with which there is already an
established relationship is where the difference is made. A
lender is less likely to modify the terms of the contract with a
person that has had problems before and who has not had
everything reviewed by legal counsel. Reviewing the new
terms of the loan should be done by counsel. The biggest
purchase of most people’s lives should be reviewed with
scrutiny, as the original loan was not and contributed to
putting the homeowner in this situation.
Yes, however an advocate who is trained in extracting useful
information from you and then applying it in discussions
with a lending institution with which there is already an
established relationship is where the difference is made. A
lender is less likely to modify the terms of the contract with a
person that has had problems before and who has not had
everything reviewed by legal counsel. Reviewing the new
terms of the loan should be done by counsel. The biggest
purchase of most people’s lives should be reviewed with
scrutiny, as the original loan was not and contributed to
putting the homeowner in this situation.
Why are loan modifications so popular right now?
Many families tried to take advantage of the rising home
prices before the recent decline to secure the potentially
growing equity with low monthly payments. With the
combination of a slumping economy, unemployment rates
rising, home prices dropping, and high mortgage interest
rates, there are large numbers of families having difficulty
making their mortgage payments. Now that prices of homes
have dropped, banks want to avoid a financial disaster.
Lenders do not want to be stuck with a large number of
unoccupied homes that produce no income or repayment of
the original loan.
Many families tried to take advantage of the rising home
prices before the recent decline to secure the potentially
growing equity with low monthly payments. With the
combination of a slumping economy, unemployment rates
rising, home prices dropping, and high mortgage interest
rates, there are large numbers of families having difficulty
making their mortgage payments. Now that prices of homes
have dropped, banks want to avoid a financial disaster.
Lenders do not want to be stuck with a large number of
unoccupied homes that produce no income or repayment of
the original loan.
What about payment of penalties and past due
statements?
All of the penalties and past due statements are considered
in the loan modification. Lenders often will either waive
penalties or incorporate the past statements into a new
loan amount to be paid over the course of the loan.
statements?
All of the penalties and past due statements are considered
in the loan modification. Lenders often will either waive
penalties or incorporate the past statements into a new
loan amount to be paid over the course of the loan.
Can I wait until the last minute, shortly before a
scheduled sale, to do a loan modification?
The banks are more willing to work with homeowners
who are taking a more proactive approach in resolving
their debt. The paperwork and elements to review are
extensive to be considered in only a few days. Nobody
likes to be rushed. Once a sale has been held and the
hammer falls at auction, there is no possible way to
modify the loan. It is our recommendation that you
contact us no less than 30 days from the date of a
scheduled sale. It is still possible to work with the
lender but it affects your success.
scheduled sale, to do a loan modification?
The banks are more willing to work with homeowners
who are taking a more proactive approach in resolving
their debt. The paperwork and elements to review are
extensive to be considered in only a few days. Nobody
likes to be rushed. Once a sale has been held and the
hammer falls at auction, there is no possible way to
modify the loan. It is our recommendation that you
contact us no less than 30 days from the date of a
scheduled sale. It is still possible to work with the
lender but it affects your success.
Will a loan modification or inquiry to a loan modification
affect my credit?
No, your lender is required pursuant to The Real Estate
Settlement Procedures Act, to respond to any inquiries or
disputes you might have with your loan. The borrower is
also allowed to challenge the amount of the claimed default
during the three year statute of limitations. The lender
cannot ignore your requests they are mandated to respond
with a specific time period. The time period is triggered by a
valid Qualified Written Request.
affect my credit?
No, your lender is required pursuant to The Real Estate
Settlement Procedures Act, to respond to any inquiries or
disputes you might have with your loan. The borrower is
also allowed to challenge the amount of the claimed default
during the three year statute of limitations. The lender
cannot ignore your requests they are mandated to respond
with a specific time period. The time period is triggered by a
valid Qualified Written Request.
What is the difference between a loan modification
and forbearance agreement?
A loan modification is more of permanent change to
your loan whereas a forbearance agreement is
generally temporary fix which keeps the homeowner in
default until payment of the penalties and arrears is
current. A forbearance postpones a foreclosure sale
for a short time while the homeowner tries to get
current. If a homeowner is able to acquire the funds to
make the loan current in a short fixed amount of time a
forbearance agreement is a possible option.
and forbearance agreement?
A loan modification is more of permanent change to
your loan whereas a forbearance agreement is
generally temporary fix which keeps the homeowner in
default until payment of the penalties and arrears is
current. A forbearance postpones a foreclosure sale
for a short time while the homeowner tries to get
current. If a homeowner is able to acquire the funds to
make the loan current in a short fixed amount of time a
forbearance agreement is a possible option.
Will you challenge my original loan documents?
Our Affiliates handle the Loan Modification themselves,
however, they will typically prefer to negotiate with the banks
based on the change in your particular loan and changes in
your personal life. It is true, due to the extensive amount of
paperwork needed to secure financing that errors often
occur. This is something to be considered but not counted
on. As part of our services we will conduct a forensic loan
document audit to look for any errors in the loan process.
Errors may include problems with the original loan
documents or lender compliance with procedures
mandated by statute.
Our Affiliates handle the Loan Modification themselves,
however, they will typically prefer to negotiate with the banks
based on the change in your particular loan and changes in
your personal life. It is true, due to the extensive amount of
paperwork needed to secure financing that errors often
occur. This is something to be considered but not counted
on. As part of our services we will conduct a forensic loan
document audit to look for any errors in the loan process.
Errors may include problems with the original loan
documents or lender compliance with procedures
mandated by statute.
| Click here to order your Forensic Audit. |