Loan Modification Audit

$495.00

Loan Modification Audit includes:

  • misapplied or fraudulent loan modification payments
  • double-charging of interest
  • false accounting of modified balance
  • fraudulent balloon payments
  • Federal Truth in Lending Act (TILA) violations
  • home financial report
  • federal mortgage fraud forensic audit
  • FRAUD STOPPERS PMA Membership

Loan Modification Fraud Audit

Does your loan modification contain legal violations, overcharges, or fraud? Get a loan modification fraud audit and get the facts & evidence you need to get the legal remedy you deserve today. Our research reveals there are enough reasons for homeowners to have their loan modification agreements audited, including: Balloon payment not stated or not specified, double-charging of interest, no accounting for modified balance, total payments as a per cent of modified balance not disclosed, as well as other financial and legal violations.

Our investigation examined 72 loan modification agreements. Each of these reports is assigned a case number and listed in the Summary of Findings. This explainer pertains to the reports for Case Nos. 3, 5, and 39 which serve as examples and the Summary of Findings you can expect to find in your loan modification audit.

The summary shows five types of exceptions and each case that has any of these exceptions is marked “X”. In addition, the computed amounts are shown for the exception “Interest for Month Prior to Effectivity Date Charged Twice”.

One of our loan modification auditors reviewed 72 home loan modification agreements and found that in 43 (60%), the lenders or servicers charged their borrowers twice for the interest for the months prior to the effectivity dates of the agreements. The average amount is $994.

If these numbers are applied on the reported 4.6 million modifications, this double-charging of interest has affected 2.76 million borrowers nationwide for the total amount of $2.743 billion. This is criminal fraud on a massive scale. There are also findings on non-disclosure of balloon payments.

Sample loan modification audit  FRAUD STOPPERS Loan Modification Audit

Sample home financial report Sample home financial report

Sample federal mortgage fraud audit Sample federal mortgage fraud audit 

Description

Loan Modification Audit includes:

  • misapplied or fraudulent loan modification payments
  • double-charging of interest
  • false accounting of modified balance
  • fraudulent balloon payments
  • Federal Truth in Lending Act (TILA) violations
  • home financial report
  • federal mortgage fraud forensic audit
  • FRAUD STOPPERS PMA Membership

Loan Modification Fraud Audit

Does your loan modification contain legal violations, overcharges, or fraud? Get a loan modification fraud audit and get the facts & evidence you need to get the legal remedy you deserve today. Our research reveals there are enough reasons for homeowners to have their loan modification agreements audited, including: Balloon payment not stated or not specified, double-charging of interest, no accounting for modified balance, total payments as a per cent of modified balance not disclosed, as well as other financial and legal violations.

Our investigation examined 72 loan modification agreements. Each of these reports is assigned a case number and listed in the Summary of Findings. This explainer pertains to the reports for Case Nos. 3, 5, and 39 which serve as examples and the Summary of Findings you can expect to find in your loan modification audit.

The summary shows five types of exceptions and each case that has any of these exceptions is marked “X”. In addition, the computed amounts are shown for the exception “Interest for Month Prior to Effectivity Date Charged Twice”.

One of our loan modification auditors reviewed 72 home loan modification agreements and found that in 43 (60%), the lenders or servicers charged their borrowers twice for the interest for the months prior to the effectivity dates of the agreements. The average amount is $994.

If these numbers are applied on the reported 4.6 million modifications, this double-charging of interest has affected 2.76 million borrowers nationwide for the total amount of $2.743 billion. This is criminal fraud on a massive scale. There are also findings on non-disclosure of balloon payments.

Sample loan modification audit  FRAUD STOPPERS Loan Modification Audit

Sample home financial report Sample home financial report

Sample federal mortgage fraud audit Sample federal mortgage fraud audit 

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