The document provides guidance on how homeowners can secure loan modifications to avoid foreclosure, emphasizing the importance of forensic audits to identify errors in mortgage documents. It highlights that many homeowners are unaware of their options and outlines common problems faced when refinancing, such as negative equity and predatory lending practices. The document encourages individuals to gather necessary paperwork for audits to leverage their position with banks and secure favorable loan modifications.

1. How to Corner your bank & get the loan modification you deserve(And Save Your House from Foreclosure)

2. Your Presenter: Philip BlackettMy Mission: To position YOU as the solution provider for your community and help at least 10,000 distressed homeowners nationwide keep their home from foreclosure

3. Problems that homeowners have when trying to refinanceThe bank is not taking you seriously or is unwilling to work with youYour house is worth less than what you owe or what you thought it would appraise for

4. What We Are Going To Cover…What a Forensic Audit and Compliance Review really isWhere the banks screwed up and how YOU can capitalize on itHow you can have the “upper hand” on negotiating with your bank for that loan mod that you deserve

5. How Did We Get Here??

7. Important Facts12% of ALL mortgage payments are 90 days behind5-6 million homeowners are late and face foreclosure85% of ALL loans created from 2000-2008 “refinance boom” have errors or serious legal violationsGovernment programs are a JOKE!People are upside down (negative equity)99% of homeowners don’t know they have optionsI Know THE SOLUTION! Want to know the Secret?

8. What is a Forensic Audit?A scientifically conducted loan auditPerformed by human beings (NOT computers)Very factualMortgage docs are reviewed and compared to all relevant and applicable case lawsThe fact that different laws apply to each audit/case is taken into accountEach state has different laws which are individually reviewed on a case by case basisA document prepared in writing along with an analysis as a package with attached tax documents as neededInclude appraisals, which if needed, will be reviewed

9. Who is a Candidate for a Forensic Audit?Adjustable rate mortgages (ARMs)Someone upside down on their loan (negative equity)Someone facing financial struggle or hardshipRental or investment property ownersVictims of predatory lendingAny loan created with stated incomeAnyone in foreclosure or received default noticeNo Income, No Job or Asset verification (NINJA)Strategic defaultsEven someone with a perfect payment history!This is a Long Term solution for homeowners nationwide

10. Commonly Asked QuestionsDoes the client’s payment history come to play?Could they simply be upside down on their loan?Can this be done for me personally and my friends and family?A HUGE Plus +++Who do YOU know that may benefit from this??

11. Compliance / DisclosureRESPA – Real Estate Settlement & Procedures Act: protects consumers from errors like undisclosed yield spreadMortgage lender does not reveal they are making any money on the back end of the loanTILA – Truth In Lending Act: Protects consumers from such violations as changes in interest rates from inception of the loan until day of closing where borrowers are unaware of rate changes until at the closing tablePredatory Lending – MAJOR VIOLATION

12. Compliance / DisclosureLess serious violations – maybe they were not given the RESPA book that’s to be provided by the lenderIndividuals being charged points for paying off old loans at the time of re-financeHOEPA – Home Ownership and Equity Protection Act: Designed to protect consumers who end up with high interest rates, as well as issues related to non-affordabilityFor instance, if clients were put into a negative amortization of 1-2%, then all of a sudden the interest rate adjusts – THIS REAKS OF PREDATORY LENDINGAppraisals – From about 2000-2008 for appraisal verifications, there were appraisers that were going out that were “working” for the mortgage bankers and they would inflate values125% LTV loans – Anyone remember those?

13. Collateral - AppraisalsWe review for weaknesses involving the appraisal report. Do you think obvious “INFLATING” took place to meet certain numbers to make transactions work?We actually look at the comps from when the appraisal was done to create even more “LEVERAGE” for our clients. Out of every audit company in the U.S., less than 2% even consider this strategy

14. Servicing LoansIf the escrow is messed up, which happens frequently, then it’s a RESPA violation which could end up in a “Principal Reduction”We review the index and margin per note to determine if the ARM loan is correctWe examine escrow accounts and verify all statements and make it our business to find all the errors. You probably know someone with a messed up escrow, perhaps even you?

15. Additional FactsHow many loans do you think have errors in them on a percentage basis? Fact: 80%60%of all banks cannot provide the original note to prove they own the loan (blue inking)

16. Documents to SubmitAuthorization to ReleaseLender’s closing instructions (if available)HUD-1 Settlement StatementUniform Residential Loan Application (FNMA 1003)Promissory note with all endorsements, modifications and attachmentsMortgage / Deed of Trust / Security instrument with all endorsementsModifications, attachments, riders, addendums, etc.Initial Truth In Lending disclosureFinal Truth In Lending disclosureSection 32 disclosure (if applicable)Good Faith EstimateMortgage Broker Fee AgreementRescission Notice / Notice to CancelMortgage Insurance Certificate (if applicable)Escrow / Impound Disclosure StatementEscrow Waiver

17. Other Docs that are also HelpfulAll State DisclosuresProperty Tax Bill (for cycle in which the loan was transacted)Sales Contract with all Addendums (if applicable)Hazard Insurance documentsFEMA Standard Flood Hazard Determination2 Years of Tax Returns from when the loan was writtenThe MORE you submit to us, the BETTER our chances of finding errors for you to use as leverage to get your loan modification

18. Or Simply…COLLECT ALL LOAN DOCS AVAILABLE!DO NOT EVEN READ THROUGH THEMGET THEM IN MY HANDS WITH A CHECK!RELAX & LET ME TAKE CARE OF THE REST(WHILE YOU ENJOY YOUR LIFE WITH YOUR LOVED ONES)

19. Something to Smile About!

20. Contact Me ASAP to Get StartedPhilip Blackett(201) 683-1700blackett@winwinredevelopment.comwww.SaveMyHouses.comwww.EmpowerHomeowners.com