Predatory Lending

Typical violations of predatory lending ModificationsLoan.com in house attorneys and specialists find in many client loan files:

1. Broker disclosures were never made

2. Risk factors for credit were not disclosed
3. Your FICO scores were not properly disclosed
4. RESPA booklet was not received on time (or not at all)
5. Some documents were not signed or notarized properly
6. There is no ARM disclosure or the ARM disclosure is not accurate
7. There is no Final Hud-1 in the file or the Final Hud is not accurate
8. Notice of Right to Cancel (two copies) were not given to each borrower
9. Truth in Lending Notice of Right to Cancel is not filled out properly by the lender
10. A good faith estimate (GFE) was not given within three days of taking the loan application
11. No payment schedule is included in the loan documents or the payment schedule is not accurate
12. Truth in Lending info was not recieved (or mailed) within three days of taking your loan application
13. There is no copy of the promissory note (it is unclear who owns your loan...or who is entitled to enforce it)
14. Three Day rescission period was not provided for clients who sign and loan funds on same day (non-purchase money loans)
15. Truth in Lending Statement does not accurately disclose the finance charges, APR, amount financed, or total of payments

Contact us today for a free consultation by a loan modification specialist to see if you qualify for a loan modification (888) 459-0434.