(EMAILWIRE.COM, September 24, 2009 ) Dearborn, MI -- Forensic loan audits are not just weapons that attorneys and mortgage modification services use to stick-it-to the bank. They are actually very good tools for the negotiation process when a distressed homeowner is facing foreclosure and they wish to modify their loan terms to have a more affordable and sustainable mortgage.

My Mortgage Auditors, a new company serving clients in South East Michigan, recognized a need for competent, professional mortgage modification services, so they formed a company with a team of Forensic Loan Auditors who perform a complete examination of a mortgage file to look for violations in the consumer protection laws and mortgage guidelines.

According to My Mortgage Auditors, a lender will be compelled to negotiate and agree to loan modification if the forensic loan audit findings indicate errors or law violations during the origination of the mortgage. According to the Truth in Lending Act, small mistakes in calculations can enable the borrower to rescind the loan. The threat of an expensive lawsuit will compel the lender to negotiate new mortgage terms.

A favorable outcome in mortgage modification is one where the borrower is able to keep their home and the lender is satisfied. Lenders often agree to a reduced interest rate or longer mortgage term to reduce the monthly payment to an amount that the borrower can afford. Other forms of loan modification include reducing the principal balance, refunding some or all of the interest paid, refunding any charges that were found to be in error, just to name a few.

My Mortgage Auditor provides relief to distressed homeowners in Oakland County, Southfield, Pontiac, Royal Oak, West Bloomfield, Farmington Hills, Wayne County, Detroit, Dearborn, Canton, Livonia, Westland, Macomb County, Sterling Heights, Warren, St. Clair Shores, and neighboring cities and communities. Learn more at http://www.mymortgageauditor.com

Contact

Nichole Jackson
My Mortgage Auditor
25900 W. 11 Mile Road; Ste. 220
Southfield, MI 48034
877-218-0049
info@countyloanmod.com

This press release was submitted by Right Now Marketing Group, LLC

Contact Information:
My Mortgage Auditor
Nichole Jackson
Tel: 877-218-0049
Email us


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