Things to remember while going in for foreclosure

Time has almost taken a U turn from the times when financial institutions were running behind individuals to fund their dream of a home today people are running after those financial institutions to save their homes lest they foreclose the property due to non payment of the mortgage payments that have been overdue. The Scenario is not limited to a single area state or place but is widespread throughout the nation. People are searching for options to keep the homes they once bought for themselves to settle down. This all is a result of the easy credit that was once a reality in the booming economy. Real Estate was then considered as the most safe and most lucrative mode of investment. It was not only the average investor who is suffering even people known to have deep pockets have been the victims of this downfall.

There are numerous homeowners whose number runs into millions who are really fed up of the financial institution’s hounding and choose to walk away from their homes they once owned and prefer to give it back to the financial institution to settle their financial liabilities. This has been the trend in almost all parts of the country and across all strata of the society. The credit score of course gets hurt but the damage can be controlled with the help of Certified Forensic Loan Auditors.

Take care to check the type of foreclosure you are undergoing for example Non Judicial Foreclosures dont have to go through the state court system. The only thing you have to do is stop the payments to the lender and then they will initiate the foreclosure process for you if ever. There have been cases where home owners stopped payments and the financial institution was not really keen to take up the property. Another type of foreclosure could be the judicial foreclosure wherein the lender will act through the state court system and legal proceedings will be initiated through the defaulter.

There are some points to keep in mind once the foreclosure is evident. The home owner should exercise restraint and control tempers and not harm the property in any way as it could go against the home owner and could be used by the lender in the court of law. Until the banks descends and decides to take possession of the home the homeowner is held responsible for any tampering or destruction in the house. Even if the homeowner is not staying in the home he has to ensure complete safety of the premise/property.

We understand your forensic loan auditor needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Forensic Loan Auditors and Andrew Lehman can easily meet your Forensic Loan Audit needs. Feel free to get more information on CFLA Andrew Lehman at http://www.certifiedforensicloanauditors.com

Article Source : http://certifiedforensic.blogspot.com/2011/08/tips-from-cfla-andrew-lehman-while_26.html

Tips from Certified Forensic Loan Auditor while buying a foreclosure home

 Real Estate has been a source of investment for the intelligent investor. Although it has gone through many ups and downs in the past still the options are galore considering the number of investors putting their might and money behind this sector. There are so many options while investing in real estate one can purchase land and construct property on it and sell it once the value has appreciated or one can go in for a constructed property that is being disposed off by the owner for one or the other reason and can be sold once the demand increases in the market.

There has been a sudden upward swing in the number of foreclosed homes in the recent past as people are finding it difficult to repay the mortgage EMI’s due to a bad economy. Banks have been flooded with immovable assets which pose a financial threat to these financial institutes as the homes will not paying any interest and will act as a bad debt on their accounts. Thus for a smart real estate investor these foreclosure homes provide a really nice source of investment. Not only for the real estate investor can these homes be good bet for someone looking forward to buy a home to settle down.

According to Certified Forensic Loan Auditor Andrew Lehman one needs to be quite careful while proceeding with these kinds of properties. As Banks who hold the keys to such homes will surely have an eye on your credit score and the past financial transactions you have had in the past. As the financial institution will not really like the idea of giving the home to someone who will return it back to them after a couple of months. Further CFLA Andrew Lehman advises people to stay away from homes that are under foreclosure who need a home really quick as getting possession of these homes will be quite a lengthy task given the paperwork will be a lengthy process.

Given the present scenario one has to be very careful while taking up a property that is undergoing foreclosure as one will have to be sure about the neighborhood and the job prospects in that neighborhood. Banks will not prefer individual customers to deal directly with them its best you to get in contact with a real estate agent to buy a foreclosed home.

 

We understand your forensic loan auditor needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Forensic Loan Auditors and Andrew Lehman can easily meet your Forensic Loan Audit needs. Feel free to get more information on CFLA Andrew Lehman at http://www.certifiedforensicloanauditors.com

Article Source : http://certifiedforensic.blogspot.com/2011/08/tips-from-cfla-andrew-lehman-while.html 

 

 

Training the most important part of Forensic Loan Audit

Certified Forensic Loan Auditors and Andrew Lehman is one of the nation’s most trusted and reputed forensic loan auditing and mortgage/litigation Support Company. CFLA Andrew Lehman has been known to provide the most competent and professional Forensic Loan audit in the industry. They have arrangements for tailor made qualified written requests, Civil Complaints, Temporary Restraining Orders to Stop Sale, and full service litigation support, including Securitization Memorandums for professionals specializing in Mortgage Modification and Real Estate Law. With a rich training program laden with latest information and updated the training program has become quite popular among the auditors who have taken on this training program in a big way.

Certified Forensic Loan Auditors have been into training of Forensic loan auditors thus churning out the best professionals from their training school. They have a comprehensive certification training program titled Certified Forensic Loan Auditors (CFLA). This is a 32 hour in person training which consists of intensive seminars held across the country.

Certified Forensic Loan Auditors believes in the worth and dignity of each forensic loan auditor and recognizes the paramount importance of pursuit of truth, devotion to excellence and the nature of the democratic principles. Certified Forensic Loan Auditors who are trained at Certified Forensic Loan Auditors Andrew Lehman accept the responsibility to adhere to the highest ethical standards.

The course enables an individual to become a Certified Forensic Loan Auditor after the training and is ready to take up Forensic loan auditing as a full time career option. A Record of all the students is maintained in the database so that prospective employees are at ease to verify and validate the certification from any part of the country. One gets a chance ot interact and learn from people who have the reputation of being experts in this particular industry. One is able to obtain flowcharts, work product and other proprietary trade secrets that have helped many a forensic loan auditors earn millions for themselves and their clients.

One is able to learn important mortgage topics that are closely related to Forensic Loan Auditing. This training will go a long way in expanding the knowledge of legal and compliance aspects of forensic loan auditing for people undergoing this training. Once trained and certified with Certified Forensic Loan Auditors Andrew Lehman an individual is well qualified to take up any forensic audit tasks with clients and corporate as it give s cutting edge to the auditors who have been practicing loan audit in the industry.

We understand your forensic loan auditor needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Forensic Loan Auditors and Andrew Lehman can easily meet your Forensic Loan Audit needs. Feel free to get more information on CFLA Andrew Lehman at http://www.certifiedforensicloanauditors.com

Article Source :   http://certifiedforensic.blogspot.com/2011/08/training-with-certified-forensic-loan.html

Forensic Loan Audit the sure shot way for Loan modification

Forensic Loan Audit can save us our most treasured asset that we have made by putting in all our savings and mortgaging our future earnings that is our home. According to Certified Forensic Loan Auditors and Andrew Lehman Forensic loan audit is the most common technique used worldwide in the loan sector to save the homeowners the pain of foreclosing their homes. Andrew Lehman CFLA argues that there are many options available in the financial sector which can save a person from loosing his property to lenders or banks.

Although it looks like a simple process that enables us to check our auditing situation and pit it against the prevalent laws that are in effect. Along with this process the violations are also identified that will surely go to benefit the person whose property is in question. It is but natural for people to be scared in tough economic times of loosing their homes and properties back to the lenders as jobs are scarce and income sources are limited.

Qualified finance and legal professionals form the team of a forensic loan audit that will help people get out of the hanging risk of foreclosure. These professionals have a sound knowledge of how to get their clients out of the mess if they are in a financial problem at a certain point of time. Teams like the ones formed in Certified Loan Auditors analyze the documents that have to be submitted by the client and look out for any violation that has been done by the lender while giving the loan.

Missing documents are searched by this team and disclosures and misinterpreted cases can easily go a loan modification. This can be easily achieved for loans that were dispersed in the period from 2002 to 2008. But it does not mean that al loans that were processed in this period qualify for a loan modification. It is quite obvious that there were quite a few unethical lenders who will have to go that extra mile to get their customers out of the financial mess they have created.

Its always advisable to check the loan papers terms and conditions before you enter into a loan agreement with any of the lenders. Read all the disclosures and explore all possibilities of predator lending and violations that may harm your interest in the long run.

We understand your forensic CFLA Andrew Lehman needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. ACertified Forensic Loan Auditors can easily meet your Forensic Loan Audit needs. Feel free to get more information on Forensic Audit at
http://www.certifiedforensicloanauditors.com

Article Source : http://certifiedforensic.blogspot.com/2011/07/certified-forensic-loan-auditors-and.html

Finding a Solid Forensic Loan Auditor

A Forensic Loan auditor can prove to be the best person while you are undergoing any financial difficulties regarding mortgage or any other kind of loan that you have purchased from any financial institution. In the wake of the mortgage modification scandals that were unearthed in the past few years that were the order of the day while mortgage was a lucrative business for one and all. Many of the scammers who had made loads of money at that time have jumped the bandwagon of Forensic loan auditors again to make a few extra bucks via shortcut and to hide their misdeeds that they have conducted in the past.

No one will ever be happy to fall prey to such unethical practices making hay in the market. There are various means and methods by which you can easily check the credentials of a Forensic Loan auditor before conducting any business with them. The first step to check the credentials of a forensic loan auditor will be to check with the National Association of Mortgage Underwriters. This agency is responsible for certifying auditors after a rigorous training session and a tough exam which has to be cracked soon after a week’s training.

Although the test and training should not be taken as a criterion for evaluation. But it is a really good method to check if a person who is claiming to be a Forensic loan auditor is really trained in appropriate techniques and exposed to the violations which are known to be useful in the everyday litigation of foreclosure defense, RESPA, quiet title actions, Regulation Z, HOEPA, Constructive Fraud, TILA and other many other aspects of subprime predatory mortgage lending.

While the audit is underway make sure that the audit caters to a particular problem to a particular violation of a norm that has been done by the Lending Organization. To get the best results out of a forensic loan auditor make sure that you provide all the documents and details even the ones that are not deemed necessary by you to the auditors. Your attorney and friends maybe a god source of information for choosing the best Forensic loan auditor.

We understand your forensic loan auditor needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Forensic Loan Auditors can easily meet your Certified Forensic Loan Auditors Andrew Lehman  needs. Feel free to get more information on Forensic Audit at http://www.certifiedforensicloanauditors.com

Article Source : http://certifiedforensic.blogspot.com/2011/07/finding-solid-forensic-loan-auditor.html

Forensic Loan Audit: A must have in a short sale

A Forensic Loan auditor will surely be the best bet while going in for a short sale. Audit will be an integral part of the process especially if you don’t have much knowledge about the financial products and the way they work. Forensic loan auditor will make will take measures that will be unbiased and in the best interest of the customer who is taking a loan from a lender or is undergoing a short sale.

A forensic loan auditor will go deep into the contract documents and check for any unlawful terms and any violations that have been incorporated into the contract which may harm the borrower. Generally the tendency of the borrower at the time of signing the contract is to just sign the contract hurriedly and not go into the in-depth of the points mentioned in the contract. Moreover the terms and conditions in the document may be large enough for the borrower which cannot be read and analyzed by a layman within a span of say one or two days.

A Forensic loan auditor is well versed with the terms and conditions and the guidelines lay down by the federal for lending purposes. They are experts in catching hold of any lacunae or any pitfall that may prove to be disadvantageous for the borrower. Although reputed lenders do not stoop to practices which may harm the borrower and their reputation but the real estate boom had created many organizations that in a hurry to make a fast buck did all kinds of illegal activities like predatory lending.

A Forensic loan auditor will catch all the lacunae and any illegal terms and conditions mentioned in the contract that may be overlooked by a layman and will present it before you and the courts. The Lender in turn may be perturbed by the legal course of action which may mar his market position reputation and time. In this process there are even chances of the borrower getting the best deal in terms of a low settlement. Thus a forensic loan audit is not an additional expense on the borrower but it is best and most trusted way of getting your loan settlement done in your interest.

We understand your forensic loan auditor needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Forensic Loan Auditors can easily meet your Certified Forensic Loan Auditors Andrew Lehman  needs. Feel free to get more information on Forensic Audit at http://www.certifiedforensicloanauditors.com

Article Source : http://certifiedforensic.blogspot.com/2011/07/forensic-loan-audit-and-benefits.html

Advantages and Disadvantages of Mortgage Life Insurance

Mortgage insurance is a kind of insurance product that aims at paying your mortgage payments during some specifically mentioned critical conditions of life. Mortgage life insurance unburdens all the mental tensions of paying any mortgage payments in the events of loss of job, during disability or death of the insured. This kind of financial security is very protective for the family in which insurance company will pay for the beneficiaries and the family can live in their home peacefully.

Pluses of Mortgage Life Insurance:-

1. Mortgage life insurance policy works like when something unfortunate happening, the mortgage insurance company’s policy will pay your monthly repayments and other home insurance cost of mortgage.

2. The claim is reimbursed after a waiting period of the specific mortgage insurance policy.  The benefits continue till you get back to work, depending on the policy’s term and conditions and around 1-2 years which ever is earlier.

3. The insurance benefit covers the monthly mortgage repayments and the insurance premium of things like home loan, critical illness and life insurance.

The Minuses of Mortgage life insurance are:-

1.    Nothing is paid earlier than the time period mentioned in the policy documents. If something very bad happen before the stipulated time, the insurer has to manage on their own and no financial assistance will be provided from the life insurance company.

2.    You pay more to the less coverage for the years and you won’t get the benefits at the end of the policy plan even if you live longer life.

3.    You can get the lower rate mortgage life insurance plan if the company finds BP, cholesterol or another health problem then the premium turns high which becomes difficult to pay and if you chooses some other insurance company, you won’t get the policy because mostly the insurance companies share this information using MIB codes.

4.    The monthly premium remains fixed throughout the policy period even the insurance covers reduced with time.

While opting for any Mortgage life Insurance, do some homework, clear out your doubts with the insurance agent, don’t shop for policy plan by not so transparent financial product information of insurance agent. The mortgage life insurance coverage should be according to your need during any above mentioned bad events of life.

We understand your forensic loan auditor needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Forensic Loan Auditors can easily meet your Forensic Loan Audit needs. Feel free to get more information on Forensic Audit and Certified Forensic Loan Auditors Andrew Lehman at http://www.certifiedforensicloanauditors.com

The Importance of Loan Audit

People often come in the sweet diplomatic tactics of lenders and become victim to the dubious and fake agreement of these loan lenders. In fact, mostly these lending businesses are fair and honest but still some doubtful lending service provider needs attention on borrower’s end. People become victim to these cheaters when you are in bad financial phase. A loan audit team is a bunch of professionally qualified in finance and legal studies.

A loan Audit is an important measure in getting fair and lawful agreement for availing any loan deal. They carefully examine the mutual agreement between the borrower and lender. Loan audit team properly looks on each and every document signed between both the parties. Being professional, they easily unwrap the whole fraud which your lender has done to you during the deal and the violation of federal laws.

There are many substantial points, not having attention on those, can ditch the borrower.  First one is the breach of contract between lender and borrower. In this case the lender breaks the agreement. Secondly the loan lender does not show the transparent terms and conditions of agreement like penalties and various other financial knots before lending the loan. Thirdly the borrower due to less knowledge becomes their target of false information due to the lender’s self interest of business transactions.

The loan audit team will surely make an eye on those payments which you are unnecessary paying from your pockets rather you have to pay much less of what the lenders are making compulsion. All the lending laws which make your deal with the lenders are thoroughly accessed by the loan audit professionals to issue a report for recovery of any damages due to violation of loan deal laws.  The loan audit team gives special preference to consumer protection laws so that the  lender do not get any chance of arguing that the borrower do not understand the agreement and lending policy or any other excuses.

Go for any deal of this kind with all your wide open eyes as these lenders are not actually helping you out rather making their own money. Beware of these loan frauds and must approach to loan auditors for making authentic loan deal.

We understand your Certified Forensic Loan Auditors and Andrew Lehman needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Forensic Loan Auditors can easily meet your Forensic Loan Audit needs. Feel free to get more information on Forensic Audit at http://www.certifiedforensicloanauditors.com

Article Source : http://certifiedforensic.blogspot.com/2011/06/loan-auditors-best-consultants-while.html

Mortgage for a home loan-Benefits and risks

Building a home of yours dreams is not a child’s play. With every day increasing home loan interest rates, it becomes very tough to pay all the monthly installments regularly for several years. Mortgage or in simple words the bank will claim your home if you become defaulter and not able to repay the amount sanctioned to you properly in time. Mortgage could be a way out in financial crisis to pay the down payment and other EMIs to prevent any financial stress.

There are many benefits and risks involved while mortgaging the home. This crucial step can make or break the whole plan of building brick by brick, the house of your dreams. So be careful while going for mortgage. Let’s have a brief look of pros and cons of mortgaging.

The available home loans mortgages mainly are adjustable rate interest-only and fixed rate interest-only loans. The monthly adjusted mortgages are quite popular and are in two options, one is for five to six years period and the other is for ten years interest payment period, in both of these payments, the interest rate payment is paid for the specific time period say, 5 or 10 years. After that the payment period is again calculated. The total payment is concluded by the indexed interest rate. Another type of mortgage is negative amortization mortgage. In this case, there is increase in debt when there is insufficient monthly payment to cover all the dues and the balance increases at least in first few years.

These mortgages are best suited   for those living in the posh areas where the prices are very much high.  People with irregular income can go for this option. The shortcoming of this option is that people lives on the belief that the price of their property will increase and this will strike down the mortgage principal balance value and will fall prey to these unpredictable fluctuations. Borrowers who feel their hands tight now but sure of increase in income in near future can avail this facility.

So the gist of the whole mortgage lies in the fact it needs a wide view of all the trustworthy factors  and knowing properly what exactly you need to  get all the benefits and  no fear of loosing the home and finally  fulfilling your dream-a beautiful home.

We understand your forensic loan auditor needs and are specialized in the research and analysis needed to provide attorneys and loan modification companies. A Certified Auditor can easily meet your Forensic Loan Audit needs. Feel free to get more information on Forensic Audit at http://www.certifiedforensicloanauditors.com

Article Source : http://www.gospelville.org/community/blog/view/id_252025/title_Mortgage-for-a-home-loan-Benefits-a nd-risks/