Forensic Loan Audit

Most homeowners aer not aware of the options available to them when facing foreclosure. Did you know you can stop foreclosure on a dime simply by rescinding a mortgage transaction?

A mortgage rescission action does several things simultaneously:

• Stops the foreclsoure process immediately
• Requires your creditor to refund all closing costs
• Cancels prepayment penalties
• Voids the Security Interest
• If you go to litigation, you could end up receiving as much as three times the damages due you
• Mandatory reimbursement for your legal fees
• The creditor is required to pay all of the money you have paid toward the life of the loan

The Truth in Lending Act is a powerful piece of legislation that allows a consumer of a mortgage loan the ability to rescind a mortgage if the mortgage company is in violation of certain statutes and the contract. Regulation Z is the teeth in this legislation and it’s a legal right your mortgage company would just as soon you not know about it. But you have a right to know, and you have a right to foreclosure defense.