An Affordable Forensic Loan Audit by Forensic Auditor Services and the Proper Legal Representation Can Help Save a Home

An Affordable Forensic Loan Audit by Forensic Auditor Services and the Proper Legal Representation Can Help Save a Home

Henderson, NV (PRWEB) August 26, 2011

Homeowner rights under Regulation Z are being violated and continue to grow at astounding rates, as evidence of mortgage fraud becomes more prevalent throughout mortgage documents. Forensic Auditor Services offers 70% off their forensic audits starting August 2011. With the growing number of foreclosures, these audits have become a key factor when it comes to saving a home.

Regulation Z is a federal law requiring lenders to fully disclose in writing the terms and conditions of a mortgage. Regulationz.org is an online service that provides homeowners a forensic loan audit, at an extremely low cost. Regulationz.org also donates 40% of their sales to local charities to help struggling homeowners. For only $ 295.00, a 70% discount from retail prices, Regulationz.org will help homeowners learn whether their lender has violated state or federal laws and can help a homeowner determine how to proceed if one learns those rights have been violated. Even if a home is in foreclosure, if violations prove certain, then a mortgage company may not be legally able to foreclose on a home. Court cases have reversed foreclosure based on a forensic loan audit, proving that a homeowner can still save their home if they have the right evidence against their lender. Some of these audits sell for thousands of dollars but it is no longer necessary to overpay for the same results.

Forensic audits have become popular in terms of companies stating they can provide a means to help keep a home from foreclosure or lower an existing mortgage rate. What many people do not know is how important these audits are in proving fraudulent activity under Regulation Z within a mortgage. According to a report issued by FDIC, “as high as 80% of federally supervised banks that made loans during the mortgage boom were cited for patterns of compliance violations”. It is imperative for a homeowner, who is current on their mortgage payments, to know whether they may be paying on a bad mortgage. Or if a mortgage is in default then the audit may provide a reason for mortgage companies to negotiate with a homeowner whose home is underwater or who have tried for a loan modification which eventually led to foreclosure. A mortgage lender with proven violations could owe a homeowner thousands of dollars; a forensic loan audit is the first step to take to reclaim what may be owed.

Audits alone will not help a homeowner fight or stop a foreclosure; it is a tool used for an attorney representing the homeowner to build a foreclosure defense against the lender. Regulationz.org can help a homeowner determine if they have been a victim of fraud and can refer them to an attorney that can offer legal advice.

Homeowners need to learn their rights to defend against a fraudulent mortgage, which could save their home from foreclosure. The right tools will help, Regulationz.org can provide them.

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