An Amazing Case of Loan and Mortgage Fraud
Posted by BuddyT on July 3, 2009 · 3 Comments
Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. The reality is…Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother in San Diego, a failing Los Angeles loan company and a Las Vegas man who doesn’t care who he hurts.
This is why it is so important for Homeowners to get a Forensic Mortgage Loan Audit, A qualified audit such as the Audit Reports Axis Financial performs will identify everything that transpired in your loan closing. As we have previously have written, there has been a HUGH amount of Mortgage Lender Fraud in the last handful of years (2002-2008) and if you have an adjustable mortgage, chances are there are mistakes and deception involved. Your mortgage loan audit will give you a way to proceed with your lender.
If you are in or facing foreclosure, experts have recommended you get a loan audit FIRST.
If you are trying to modify your loan, chances are you will not have much success as the majority of loans were pooled into securities and the Security agreement Does Not allow for any changes… that is unless you have the proof of TILA, RESPA, HOEPA violations to use as leverage.
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