OK, so we will agree that the lenders are busy. They have a whole lot of problems they are dealing with. The lenders say they have systems in place to deal with struggling homeowners to resolve problems and they are eager to help.
But at this point in time we really don’t care about their problems. We care about the problems homeowners are having when they try to do everything in their power to stay in their homes.
If you missed the point before:
If a United States Congresswoman and regular people like you and I are having difficulty getting lenders to listen, perhaps another, more aggressive, strategy is warranted.
IT’S TIME TO LEGALLY POUND YOUR LENDER!
Utilizing the results of the Forensic Loan Document Audit, and the violations found in the lender file, it is possible to obtain a beneficial, sustainable loan modification without going through, or being stopped by, the ridiculous “Qualifying requirements” that the Wizards at the banks are placing on struggling homeowners. The discovery of factual information and violations of law and practice provided through the Forensic Loan Document Audit of the loan can be used as a negotiation tool. This is your LOANHAMMER should you choose to seek an attorney (always advisable!) to assist you in demanding a favorable and sustainable loan modification. The attorney will use the violations in the Audit Report as the basis for the DEMAND LETTER as legal leverage to induce the bank to be cooperative rather than face a costly lawsuit.
Any lawsuit filing can be used to stay (freeze) the lender's current position, payments, and foreclosure action, and even the Trustee’s Sale. These violations carry very stiff financial penalties for the lender, and can result in legal damages to the lender, such as forcing the lender to refund to you all interest and fees paid to date all the way back to the original closing of your loan. In many violations by the bank they must also pay your attorney’s fees by statute.
