NEW YORK, April 19, 2012 /PRNewswire/ -- Advocates for Consumer Affairs is a network of experienced certified forensic loan auditors specializing in the research and analysis needed to provide attorneys and loan modification companies to even the playing field with Lenders. Our results help homeowners successfully negotiate Principal Reductions, Interest rate Reductions and Loan Modifications on behalf of their clients.
WHAT WE DO:
FORENSIC LOAN DOCUMENT AUDIT
An overview of the clients' situation
Complete details of the loan transaction
Complete mortgage compliance report
Detailed list of all parties to the transaction in a narrative report
Report regarding applicable right to cancel notices and disclosures
Report on specific Truth in Lending Act (TILA) and Real Estate Settlement & Procedures Act (RESPA) violations
Yield Spread Premium report
Good faith estimate report
Uniform residential loan application summary
Opinion section summarizing conclusions of the audit
HOW WE DO IT:
The first step is Advocates for Consumer Affairs will review your loan documents to see if there are any Federal Loan Violations, if so we note that and contact the lender immediately.
The second step is we build a professional full spectrum debt to income spreadsheet analysis which will help you and your lender understand what would be a more affordable payment is for you. Our firm knows exactly what the banks are looking for to get a loan modification done!
The third step involves submitting your financial data to the bank along with the proper documentation and a hardship profile for the negotiation phase of your file which could take minimum 60 days to secure.
After the Audit and Review of the current terms of your predatory or unaffordable loan, and documenting the Federal, State Violations and Fraud your lender may have no other choice but to alter the payment terms to make the loan affordable and equitable with a possible principle balance reduction as well. Lenders, services, and homeowners are going to be dueling over loan modifications for some time to come, and the comprehensive analysis provided by a forensic loan audit from Advocates for Consumer Affairs will be an essential negotiating tool for an equitable and fair modification.
Our Forensic Loan Audit includes all the information homeowners, loan modification companies and consultants representing borrowers need to negotiate a modification solution, and it provides an analysis that allows you to quickly review or order loan modifications, and provide the expeditious, equitable relief many homeowners are seeking.
We at Advocates for Consumer Affairs offer products to the general public while delivering outstanding services with wholesale pricing for residential and commercial real estate transactions.
For more information about Advocates for Consumer Affairs, please visit us at www.aca-portal.com or call 1-866-730-5515.
SOURCE Advocates for Consumer Affairs