“Rules are made to be broken” or so the saying goes, but in reality, especially in a homeowners’ reality, rules are made to be followed and enforced. Forensic Audits actually highlight the rules that were not followed during loan origination and Securitization Audits shed light on rules that need to be enforced as a loan is sold time and again. Since our founding in 2005, Mortgage Loan Compliance®, has been strong advocates for lending compliance and mortgage regulations. Our audit services are thorough and easy to understand. Homeowners, as well as Bankruptcy, Litigation, and Foreclosure Defense Attorneys rely on us for detailed reports to help get settlements, as well as stopping or delaying the foreclosure process. Although Pro Se or Self-Help Litigants are not seeing as much traction as those who use attorneys the foreclosure numbers prove that getting the facts on your loan and fighting your lender is actually working.
In states like Florida it now takes on average 858 days to foreclose according to statistics from RealtyTrac. But further up the coast the amount of time is even longer. New Jersey for instance is 931 days to complete a foreclosure process and New York is 1,072 days nearly 3 years. Across the nation the average is 385, which is twice as long as it took for the robo-signing, fraudulent “pretender” lenders and servicers to bull-doze people from their homes at the start of the Mortgage Crisis. At the end of 2007 the average time to complete a foreclosure was less than 5 months, or 140 days to be exact.
Some banks and critics will say that the delay provides no benefit to the borrower and only destroys property values, but try convincing the single mom who had a financial hardship and was able to find the loopholes to stay in her home for and care for her family the last 3 years otherwise. Foreclosure processing times are generally longest in state where the courts are involved in finalizing the process – judicial states. With the help of your Attorney any foreclosure can become judicial by simply filing a lawsuit seeking damages for the broken rules your audit uncovers.
Again rules are rules and a homeowner should always double check their loan paperwork, even those who take out loans today. It goes without saying that during the holiday season everyone is sure to check their receipt from the local toy store to ensure the mark-down was properly credited and all items were in the bag. Do the same with your home loan and get the facts.
Have you reviewed your loan yet? Get The Facts!
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Mortgage Loan Compliance | The Forensic Loan Audit Company
Proven Results That Work - Get The Facts, Audit Your Loan, Sue Your Lender and Protect Your Rights!
Call Today 1-866-966-6615 or Visit www.ml-compliance.com
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