We conduct a FREE preliminary audit of your loan documents to discover if you have a good case or not. Preliminary findings reveal errors and violations that will entitle the property owner to a mortgage reduction and may contain reimbursement of the any damages plus interest and penalties. In addition, the review findings will assist the property owner in establishing their mortgage reduction strategy. If a person does not have a case that we think can be won, then we will not take it.
Step Two
Once you begin, our experienced staff will conduct a forensic audit of your loan documentation for violations of the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) and any other errors or violation that have occurred. (see more complete by clicking here.) It is not uncommon for our forensic team to find 2 to 3 times the errors that were uncovered in the preliminary audit. At this juncture we will finalize your mortgage reduction strategy. We then present a rescission letter as well as the Forensic Audit findings to the mortgage company and the appropriate government agencies on your behalf. Unlike like other companies, American Mortgage Reduction will then stay with you through the life of the process until a settlement is reached. Your fees will never increase, regardless of the direction of the process or the outcome.
After the Forensic Mortgage Audit has been completed and a rescission drafted and filed with the U.S. District Court, we will assist you by establishing your mortgage reduction strategy and seek resolution by either obtaining a loan modification, or having the mortgage company pay restitution owed to you for damages. Your mortgage company will now be more than happy to cooperate with you once we have notified them that they are in violation of federal laws (TILA, RESPA, etc.). The main objective will be to obtain new mortgage terms that meet your budget based on the current economic downturn, and the current fair market value of your home. American Mortgage Reduction can usually prevent a property foreclosure for a period of 12 to 24 months. In most cases during this period, you may not have to pay your mortgage at all. If applicable, we will also assist the property owner in negotiating a lower mortgage principal that matches the current fair market value of the homes in their subdivision and surrounding demographic area. The consultant will then help devise a strategy for the property owner when the mortgage reduction process is complete.
American Mortgage Reduction will file a grievance on the property owner’s behalf for recovery of funds fraudulently collected at their closing or home re-finance. Though possible, recovery of funds is generally unlikely, and if applicable, will be an extensive process. Federal court filings, briefs, settlement negotiations, etc. will need to take place. Once recovered, the funds will be transferred to a designated attorney’s escrow account and then remitted to the property owner.
Don’t take a chances! You have too much to lose!
Discrepancies are found in the majority of mortgages examined. Most people don’t even think 
to look. The key is knowing what you could do about it. Once you have exposed serious non-disclosure violations, accounting “errors,” fraud and other schemes of dishonesty, with proof in your hands, you can choose to move forward and turn the tables on your predatory lender. The findings in our Forensic Audit can significantly improve the opportunity for a positive resolution to the property owner. Now there is a way for you to be in control and force your lender to reduce your mortgage instead of your lender controlling you.