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FAQs
What is the audit?
The audit is
a review of the mortgage related documents signed by the borrower on the
day of closing. The audit focuses on disclosure violations of
federal law, commissions violations and calculation
errors.
Who can receive an audit?
All
homeowners are eligible for an audit (80% - 98% of mortgages have
potential violations).
1.
If you have an ARM or high interest
rate
2. Your
mortgage was sold
3. You
have an escrow account
4. You
have little to no equity
5. You
are struggling to make payments
6. You are
in foreclosure
7. or You
just want to check
You QUALIFY!!!
Can this stop
foreclosure?
Yes! The audit can be used to stop ALL
collection activity including
foreclosure.
Do I need to be
behind?
No!
How is an audit different than a loan
modification?
A loan modification is where you ask the
lender to change the terms of your mortgage so your payments can become
more affordable. For example, they could lower your rate to 3%
and/or extend your term to 40 years or so.
An audit does not modify the
loan terms, but it does make it much easier to get them
modified.
Why should anyone
do an audit to lower their payment?
Audits work to lower
payments because it gives power to the homeowner. The lender will
now be much more willing to negotiate with them for better terms now
that they have presented these violations. The homeowner is now in
the driver's
seat!
Will this
impact my
credit?
Depending on your
situation, it could actually help your credit because the lender
must stop reporting to credit agencies once they acknowledge their
violations.
What if I
am in foreclosure and I want to sell my
home?
A successful
audit can give you all the time you need to find the
right buyer.
Can an
audit help if I have received a sale
date?
Yes. However, you may need
to have an automatic stay filed if your date is less than 60 days
away!
Can the
mortgage audit help me if my home has already been
sold?
Yes, as long as you
live in a state that allows for a redemption period, you can still
challenge your lender and stop the sale from being
completed!!
You could also use the
audit results to sue the lender for damages and remove any negative
reporting on the credit report regardless of your state
laws.
Can I find out if
I have violations before spending any
money?
Yes.
We have a Free Online Audit
available. It will summarize some of the most abused
violations. It can even determine if you may be entitled to cancel
your loan.
Just
complete the form to your upper right, and your results will be provided
instantly. Just click on any one of the laws on the
results page to learn more about your FREE results.
You can also
call 800-704-4228 to review the Free results. You can also Click Here to get a Full Forensic
Audit now!
IMPORTANT NOTE:
The free audit results are meant to be used as a
directional guide for the homeowner. It is NOT a
comprehensive forensic audit, and it will NOT show ALL
violations. The FREE results
could show NO violations, BUT a full forensic audit could still find
VERY SEVERE violations.
It
is NOT possible to challenge your lender with the free results
alone. The homeowner's actual mortgage paperwork must be
reviewed to ensure identification of ALL audit violations.
What organization completes the Audit?
Homeowner purchased audits are completed by The New Earth
Foundation, Inc. an IRS approved non-profit 501 c(3).
Homeowner audits may be tax deductible.
Please Click Here for more information about
the homeowner program.
Business purchased audits are
handled by Strong Family Fund, Inc.
Please Click Here
for more information
on the Wholesale Audit Program.
Why does your organization NOT use HARD Sales
tactics when offering your service to homeowners?
The New Earth Foundation (NE) is a non-profit
organization. It has a very impressive mission and its
total oferring to Homeowners is UNMATCHED by ANY
other organization that offers this type of
service.
NE feels that our:
-
FREE Online Audit
-
Comprehensive Forensic Audit
-
Free Professional Loan Mod Software
-
Client Specific RESPA/Audit Results Letters
-
Tax Deductible Service Fee
-
FREE Nationwide Attorney Referral, and
-
Low Pricing
PLEASE CALL
for more
information. |