With today’s foreclosure rate at a record high, hundreds of thousands of homeowners are learning first hand that foreclosure isn’t just a financially and emotionally stressful experience; it’s an intimidating and complicated process – a virtual legal web of complex rules, policies, and procedures. Burying your head in the sand only makes matters worse, since doing nothing is the surest way to lose your home. If you are financially distressed and facing possible foreclosure, the time to act is NOW.Alliance Attorneys will guide you every step of the way while leveraging the legal advantages, options, and considerations you’re entitled to in an impending foreclosure situation.

Whatever situation you’re facing, we are here to help you through this difficult process while we aggressively defend your rights.​

​

 

There are many legal defenses our attorneys will investigate on your behalf. More often than not, such defenses involve irregularities in the mortgage loan process. Perhaps important items or terms were not properly disclosed at origination or maybe your lender has violated certain regulatory requirements. One of the first steps we’ll undertake is conducting a mini audit of your home loan and a thorough analysis of your mortgage as it relates to current foreclosure laws. Then we will prepare to champion all your legal rights to stop foreclosure immediately.

​

​

Contact us TODAY for a FREE In-Home Audit of Your Home Loan Documents. 



Did you know that 98% of all mortgages may be eligible for renegotiation?  If you’re like most people, you assume that your lender was bound by rules and regulations that assured your loan was funded legally.



According to a RISMEDIA report published July 17, 2009, 98% of all mortgages are potentially eligible to be renegotiated due to truth in lending violations according to a review of thousands of mortgages conducted by CMAC.   The vast majority of the violations tend to take the form of missing paperwork, bad “good-faith” estimates, hidden and misrepresented payments, double-dipping brokers, and the lack of documentation of income for borrowers. The violations are countless and varied but in most cases of foreclosure, the average homeowner is not aware of the types of violation or how to look for them.

​

Some of the regulations that govern the foreclosure process include TILA (Truth in Lending Act), Good Faith Estimate, RESPA (Real Estate Settlement Procedures Act), and the Predatory Lending and Real Estate/Mortgage Fraud regulations.  But understanding what they mean and whether or not you were a victim of fraud can seem overwhelming for the average homeowner.

​

​

​

​





​Neglecting to Perform a DOCUMENT REVIEW Audit could be a costly mistake!



If violations are discovered in your mortgage loan, you may be eligible to receive penalties or fines from your lender.  Other violations may even result in your loan being rescinded, relieving you from any financial or legal responsibility.  Generally, the more severe those violations are, the better your chances are of obtaining a favorable settlement.

At Alliance Legal Group, our team can help alleviate your burden. Our Audits are performed by former loan compliance officers at mortgage companies who are trained to identify errors and potential violations that occurred in your loan processing and paperwork.





How to Determine if YOUR Loan has Violations - 



Now, Alliance Legal Group is offering a FREE AUDIT OF YOUR LOAN to any homeowner that may be facing foreclosure.  During times of economic distress, we understand that you must be armed with all the necessary information to make an educated decision for your future.  That is why we’ve create a FREE AUDIT and consultation to enable your progress.  The audit is performed for free and there is no further obligation.
Alliance Legal Group starts with a phone interview and mini audit evaluation.



Act now and receive your FREE DOCUMENT REVIEW AUDIT, call our offices at 877-560-4440.



What to Expect During a Loan Audit:

​
A forensic loan audit is a review and analysis of the documentation, legal paperwork, transaction data, and other evidence pertaining to a real estate loan that has already been funded. A Forensic Loan Audit identifies potential violations from the lender, their broker, or other parties in conjunction with the loan. During the audit process, a professional will review your loan to make sure that it meets the legal requirements that were in effect when your the loan was funded.  Alliance starts out with a modified shorter version of this audit and then will do an expanded version if warranted and desired.



Our findings have shown that many foreclosures filed in the state of Florida have Securitization issues or issues with the assignments of the notes and mortgages.  Many other foreclosures are also filed without the original note attached.  There are full gamut of violations that cannot be found by the untrained eye.  The first step in learning your legal rights in defending against your foreclosure is full discovery.  You must educate yourself about any violations that occurred and we can help you with this.



Call us at 877-560-4440 for a FREE evaluation or forensic loan audit and we can make your problem our priority.



Things We Examine During an Alliance Loan Audit:

​
1.  Did the loan officer accurately disclose the loan terms to you?         
2.  Did you sign a separate broker fee agreement?       
3.  Was your home’s value inflated by the lender’s appraiser?         
4.  Did the lender fail to verify your ability to repay the loan?        
5.  Were you given all federal and state disclosures?       
6.  Were you properly notified of your right to cancel the loan?        
7.  Do your closing documents contain any technical errors?       
8.  Were you charged excessive or undisclosed fees?       
9.  Has your loan been sold without your knowledge?        
10.Any applicable federal and state law violations        
11.The real terms of your loan        
12. Outline of hidden fees and/or commission earned by your broker or lender ​



​The 5 Most Common Violations Found During a Loan Audit:​
 

1.  Missing paperwork.
The federal Truth in Lending Act states that lenders must clearly disclose key loan terms and costs at time of mortgage application and home closing; however, if paperwork is missing, buyers may never see the final mortgage terms and costs

​

2.  Bad “good-faith” estimates.
Good faith estimates are supposed to be documentation of mortgages and costs for buyers to compare and contrast one mortgage offer to another. However, some brokers write low-ball good faith estimates as a “bait and switch” by showing homeowners they’ll offer lower costs and mortgage terms, then later inserting higher interest rates, higher closing costs or mortgages that some homeowners can’t afford.

​

3.  Incorrect payment representations that drive up APRs. Unscrupulous lenders can play a bit of a shell game with Truth In Lending Disclosure Statements, which are estimations of the cost of borrowing money to buy a home, the expected payments for a mortgage and other related details. When lenders fill out these documents with incorrect information-particularly in the payment section–the Annual Percentage Rate for the loan changes with each error, leaving homeowners with unexpected payment increases that can lead to foreclosures, if not paid.

​

4.  Double-dipping brokers. Within three days of offering a good faith mortgage estimate, brokers are supposed to reveal income to be paid outside closing, often referred to as the yield-spread premium. Unsavory brokers may not disclose the income to the borrower on the GFE. The borrower finds out about the YSP at closing on the HUD-1, which he/she is paying for indirectly in the form of a higher interest rate

​

5.  No documentation of income. Initially designed to help the self-employed who don’t often have a paper   trail to show income history, mortgages written with little-if any- documentation of the buyer’s income enable             deceitful brokers to fill in false income data that allows borrowers to qualify for larger loans and brokers to make higher commissions.

​

Call us TODAY at 877-560-4440 for a FREE DOCUMENT REVIEW Audit and let Alliance start Fighting For Your Home!





​