“Your lender is more likely to give you a loan modification after you discover they broke the law. And most lenders broke the law during the crazy lending period we experienced recently”, claims another self assured agent.
A third agent told me a story about forensic loan audits. He worked with a lady who was trying to short sale three houses at one time. He knew they were short sales and was glad to list them for sale. There was a guy (from a third party short sale "negotiation" company) involved who was supposed to be doing all the “negotiating” with the lender. Little did this agent know that this guy was trying to flip the houses on the back end. This guy had a forensic loan audit done.
He claimed that he paid a foreclosure defense lawyer out of his own pocket. He did all this "extra stuff" in an attempt to force the lender to approve the short sale.
The only problem was the lender didn’t care. Big Problem. There were not in the least bit impressed or threated by the forensic loan audit. The bank' short sale negotiators were not going to approve the short sale offers so this "independent third party" guy could resell the home for a steep profit.
“We know this guy is trying to flop the houses. We won’t approve the short sales as long as he is involved in the transaction and still planning on doing that”, the bank said.
This was despite the claims that some professionals have made that a forensic loan audit will have lenders trip over themselves to approve the short sale.
Please consider this story before you spend $500 to $1,500 of your money on a “Forensic Loan Audit.” I am in the business and talk to homeowners facing foreclosure every day. I have heard less than a hand full of stories where a “forensic loan audit” made even a slight difference to the lender in the approval process.
I’m not saying that forensic loan audits don’t work. I'm sure there are documented cases were they do in fact make a difference, but I just want to warn you and my clients to do their due diligence and check them out before spending big bucks for one, that will, in most cases, yield very few effective results. In some cases lawyers are taking advantage of people by dangling a carrot in front of them, when the homeowner can least afford it. Buyer beware.
Thinking about a short sale? I can help you short sale your property and never pay the bank another dime. Send me an e-mail at utahhomesaver@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call Dave at 801-651-0707.
Thinking about a loan modification? Our Utah Home Saver Loan Modification Kit has the instructions you will need to get a loan modification approved with your bank. This is a FREE for you, all you have to do is call or email us today.
Thank you for taking a few minutes of your busy day to read this, Dave Forsberg.
Dave is a Realtor with Prudential Utah Real Estate - Bountiful.
Phone: 801.651.0707 Email: utahhomesaver@gmail.com
Dave Forsberg and The Utah Home Saver Team specialize in helping Davis County, Utah Homeowners short sale and never pay the bank another dime. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor. Bountiful Realtors. Bountiful Realty. Bountiful Realtor. North Salt Lake Short Sales. Woods Cross Short Sale Realtor. Centerville Short Sales. Farmington Short Sale Realtor. Fruit Heights Short Sales. Kaysville Short Sales Realtor. Layton Short Sales. Layton Short Sales Realtors. Syracuse Short Sales. Clearfield Short Sales Realtor. Davis County Utah Realtor. Stop Foreclosure. Stop Utah Foreclosure. Avoid Foreclosure. Avoid Utah Foreclosure. Foreclosure Alternatives. Utah Foreclosure Alternatives. Bountiful Homes for Sale. Bountiful Houses for Sale.
