Do you know who owns your loan? Was your loan sold to a securitization trust? Is your mortgage held by MERS as nominee for the original lender? Did the person signing the assignment of your mortgage have legal authority to sign? Were the signatures truly notarized? Was your home sold as a result of a fraudulent foreclosure action?

You can STOP foreclosure by challenging the bank’s right to foreclose and now that everyone knows about lender fraud, courts are much more sympathetic towards homeowners. Even if your home has already been sold, you may be able to reverse the sale and repossess your home or alternatively sue for damages. If you are still in your home, you should do everything in your power to stay there for as long as possible and ideally without paying anything more than you already have. There is no shame in using the legal system to help your family and to save as much money as you can. Even if you end up losing the fight, you can walk away with a nice nest egg.

Every homeowner should challenge the foreclosure process because for the first time the odds are now in your favor. It is undisputed that the majority of foreclosures taking place over the past three years have been fraudulent and illegal. This means you can go back to court and move to reopen the case. Under some circumstances the sale may be declared null and void. It is certainly worth a try. Chances are the lender who is trying to foreclose on your mortgage is not the legal owner of your mortgage and in all probability your loan has already been paid off by an insurance policy. The investment banks that setup the securitization trusts have been stealing money from both sides of the transaction. The investors are being defrauded with accounting tricks, while borrowers are being forced out of their homes illegally. The only party profiting from this massive fraud is the middleman who is pretending to be your lender.

We want to help as many homeowners as possible. We don’t want you to think it is too expensive to fight the bank. There are many good attorneys who are setting up affordable payment plans for distressed homeowners. We will help you find the right attorney if you don’t have one already. We will review your documents to see if your loan disclosures and foreclosure documents are compliant. If we find errors or fraud we will prepare a report with a summary of our findings so your attorney can use it as leverage in court. To make this process affordable we have reduced our fee for a preliminary audit to only $195.00. For less than two hundred dollars you can find out if there are defects with your foreclosure documents. Every homeowner who is facing foreclosure or who has lost a property to foreclosure should take a close look at their loan and foreclosure documents and take legal action to stop the sale or to repossess the property.

Why You Need a Full Mortgage Audit

A "real" forensic loan audit performed by National Loan Audits will provide you with enough ammunition to stop foreclosure and negotiate a reasonable loan modification. We will examine your entire loan file including post closing documents and securitization agreements to determine if the Note and Mortgage were properly transferred to the entity who is claiming to be the secured party. This is not the same old "show me the note" defense that is more hype than substance. A skilled attorney armed with a detailed securitization and standing analysis can effectively challenge the purported lender's right to foreclose and help you stay in your home, often without making mortgage payments, while the case works its way through the legal system.  Once faced with a lengthy and expensive legal battle most lenders will elect to negotiate an affordable modification or short sale.


Scope of Audit

  • Examine the Promissory Note and Mortgage/DOT to identify original payee and mortgagee
  • Examine the Note Endorsements and Mortgage/DOT Assignments for evidence of forgery and fraud
  • Review the Pooling and Servicing Agreement to determine when and how the Note and Mortgage should have been transferred to the Trustee
  • Identify all parties involved in the chain of securitization and ascertain the foreclosing party's standing
  • Examine backdated assignments of the mortgage executed by MERS
  • Review closing documents and TILA/RESPA disclosures
  • Calculate the correct payment schedule and compare it to the TIL disclosure
  • Examine the Right to Cancel notice for compliance with the TILA
  • Examine initial loan application for evidence of fraud perpetuated by loan officer/broker
  • Verify mortgage broker's license


Do not be fooled by bogus money back guarantees offered by scam artists who claim to find violations in every loan file. While it is easy to find technical violations in almost every file, actionable violations are not as easy to find and that is what counts.

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