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Tools to use getting your loan modification and/or short sale approved
Conduct both a manual and approved software audits of the loan documents (documents to review include the loan application, good faith estimate (GFE), Promissory Note, Addenda to Promissory Note, Deed of Trust/Mortgage, through to and including the HUD-1, Addenda to HUD-1 (RESPA Addenda), APR, Interest Rate, Prepayment Penalty, Notice of Change of Servicing Agent, Billing Statements, Correspondence received from Servicer/Note-Holder. Verify if the payee on the note has been changed, and if so, find out when (many times it is determined that the note was sold before you, as the borrower even closed on the loan. Look for RESPA, TILA REG Z HOEPA and related violations of Federal and State law. Get the chain of document movement from the loan application through to and including the entire paper trail (including securitization) and post securitization events. Keep in mind that the scope of the application of many of these laws extends far beyond he escrow and closing on your loan--m
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Coming Soon, a Revolutionary Way to Buy Short Sale Properties Without Waiting Months for the Approval Letter from the Bank and NO SEASONING ISSUES!
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