Do Not Lose Your Home, Fight Back!!!
Forensic Loan Audit is a comprehensive loan fraud/predatory lending
investigation report which will identify infractions and violations
committed by your lender and/or broker when they originally funded your
loan. Obtaining an audit should be the first step on your quest to
successfully modify your home loan. If you are behind on your mortgage
payments, facing default or foreclosure the audit is a critical tool that will
be used as leverage to argue your case with your Lender(s). Again, it will
highlight the laws that were broken, if any, by your broker or by your
Stop Illegal Foreclosures and Evictions
Loans with illegal terms or conditions are not enforceable. Foreclosures
resulting from illegal loans are also not enforceable. The foreclosure
process is stopped when litigation on a questionable loan begins.
Mortgage payments are not required during the foreclosure or litigation
process. Lenders will choose the most rational and fiscally sensible
response when presented with the legal facts. When facing their legal
options: modifying your loan, foreclosing your home, paying some high-
priced attorneys to litigate, or risk stiff federal fines and penalties, many
lenders will choose the most financially sensible option. Don't wait, time
is of the essence.
A Forensic loan audit will reveal one or more of the following:
Is a term used to describe a broad variety of criminal actions where the
intent is to materially misrepresent or omit information on a mortgage
loan application in order to obtain a loan or to obtain a larger loan than
would have been obtained had the lender known the truth. mortgage
fraud is prosecuted as wire fraud, bank fraud, mail fraud and money
laundering, with penalties of up to thirty years imprisonment.
False Stated Income Fraud
A stated income loan is a loan where the income that is put on Form 65,
Uniform Loan Application, is not fully verified. A falsely stated income loan
is any loan originated under a program in which the borrower's income
has been misstated for qualification purposes. The borrower may or may
not be aware of the fraudulent income on their Form 65. In other
instances, the borrower may know he is being qualified for a stated
income loan, but does not thoroughly inspect the final Form 65 at closing
to ensure the accuracy of the information on it.
This occurs when a borrower claims self-employment in a non-existent
company or claims a higher position (e.g., manager) in a real company, in
order to provide justification for a fraudulent representation of the
This occurs where the borrower wishes to obtain a mortgage to acquire
an investment property, but states on the loan application that the
borrower will occupy the property as the primary residence or as a
Fraud for Profit
A complex scheme involving multiple parties, including mortgage lending
professionals, in a financially motivated attempt to defraud the lender of
large sums of money.
An appraiser who knowingly and willingly tweaks the numbers is committing
fraud. People in the mortgage industry acknowledge that appraisal fraud is very
common. The way appraisal fraud works is really quite simple. When somebody
approaches a mortgage lender about refinancing their home, they receive a
"good faith" estimate for the loan. This estimate includes a value for their home.
This value is the minimum amount needed to complete the loan. Appraisers are
hired by the very lenders who need the number. Rather than being independent
in doing their jobs, appraisers are really in a situation where they work for the
lender. There are lots of other appraisers that a lender can turn to when they
need to meet their number. An appraisal that comes in too high or too low can
wreak havoc for both borrowers and lenders. For example, suppose that an
appraiser tweaks their number to show that a home that is worth $300,000 is
worth $350,000. The borrower can then decide to cash out some of this false
equity. Then, if they decide to sell the property, when they will only get a price
that the market will bear, they won't be able to sell the property for what they
owe on it. From the lender's point of view, they can end up with the short end of
the stick should they have to foreclose on the property. In the same situation,
they too may not be able to get the amount of money that they lent for the
Fair Lending Violations
Truth in Lending Act (TILA)
Real Estate Settlement Procedures Act (RESPA)
Equal Credit Opportunity Act (ECOA)
Home Ownership Equity Protection Act (HOEPA)
Z E R O F R A U D T O L E R A N C E
A V E N U E S
Mortgage Document Auditing Services
We report all suspicious activity to the following:
FBI- White Collar Crimes Supervisor (Mortgage Fraud Division)
IRS-CID (Internal Revenue Service- Criminal Investigation Division)
Los Angeles County District Attorney's Office Bureau of Investigation Major Fraud Division
Department of Justice
Department of Corporations
Department of Real Estate Enforcement
Department of Financial Institutions
Office of the Federal Housing Enterprise Oversight – HUD
Federal Trade Commission
Your Lender's Regulatory Bank (OCC, OTS, FDIC)
What we offer:
Forensic analysis of your mortgage loan documents for fraud and predatory lending.
Consumer education and assistance in report preparation.
Refer you to an Attorney with the highest level of Integrity, Empathy and Affordability.
We do not:
Negotiate a Short Sale with Client's current mortgage lender.
Negotiate a Deed in Lieu of Foreclosure with Current mortgage lender.
Attempt to negotiate a modification of Client's current mortgage loan including but not limited to reduction in principal
balance, reduction in interest rate, reduction in monthly payments, re-amortization of loan for longer term.
Provide Legal advice, only your Attorney can represent you in a Court of Law.
Give any guarantees whether expressed or implied.
We are not:
A mortgage elimination Company
A law office or credit repair facility
Legal professionals nor claim to be one.