Welcome to our site
First American Mortgage Solutions helps homeowners by providing them with the legal leverage of a court ready loan audit that can be used to restructure their faulty mortgage loan. Our team includes Auditing Advisors that are mortgage industry experts in consumer protection regulations and who are dedicated to providing homeowners with the necessary tools they need to stay in their homes!
It is important to determine if you have been a victim of deceptive lending practices.
Seeking assistance lessens the chance of a failed settlement and possible foreclosure, therefore resulting in a wasted audit and wasted time. Therefore It is important to get professional assistance when settling with your lender so that you can clear up any confusion about your loan situation.
BENEFITS OF A FORENSIC
It is estimated that two million home mortgages were unlawfully funded during 2000-2009. This means that many borrowers were victims of predatory lending. Although most lending businesses provide honest services, there are some who do not.
During this nine year span, it has been estimated that upwards of 90% of mortgages funded may include lending violations. Forensic loan audits will take an in-depth analysis of a home buyer’s current loan documents and check for federal and state lending violations. If there are any violations discovered, those involved will be brought to court for prosecution.
A way to catch predatory lending is to find unlawful terms and violations in mortgage documents and procedures. This includes existing mortgages with updated monthly payments or those that are heading into foreclosure. At this point, it would benefit the homeowner to undergo a forensic loan audit. Forensic loan audits thoroughly investigate loans and the terms that come with them to see if any violations were committed. After the violations are discovered, the borrower is entitled to damages.