Loan Audit asked:


Washington, DC – November 6, 2008. National Loan Audits announced today that troubled homeowners with adjustable rate mortgages who are having trouble getting their loans modified or who are behind with their payments and in danger of losing their home, now have access to Forensic Loan Audits, performed by mortgage industry experts, to discover if their lender violated the Truth in Lending Act or made any errors while preparing their closing documents and neglected to adequately disclose the terms of their loan.

According to the Truth in Lending Act even a small mistake with calculating the borrower’s annual percentage rate could be an actionable violation, enabling the borrower to rescind the loan. Therefore, the threat of a lawsuit is often sufficient to persuade an otherwise uncooperative lender to negotiate an attractive work out with the borrower.

Until recently Forensic Loan Examinations were only made available to large banks and lending institutions wanting to determine their own exposure to risk and potential legal liabilities prior to purchasing large pools of mortgage loans. But now a Maryland company staffed by veteran mortgage professionals is offering this service to distressed homeowners at an incredibly affordable price. “While our competitors may charge up to $3000 for a Forensic Loan Audit, we decided to offer this product at a price almost anyone could afford” Said Dean Mostofi, the founder of National Loan Audits in Rockville, Maryland, a Washington, DC suburb. The firm charges $495.00 for a comprehensive mortgage document review and provides the homeowner with a 40-page written report that contains a detailed listing of their findings in an easy to read format.

Mostofi says that over 80% of the loan files reviewed by his firm contain violations ranging from small and unintentional mathematical errors to blatant fraud and misrepresentation. The most common violation is the understatement of prepaid finance charges and in many instances a mere $35 error within the Truth in Lending disclosure statement could entitle the borrower to a refund of all finance charges, closing costs and interest payments made since the inception of the loan.

Forensic Loan Reviews are also used by attorneys assisting borrowers with loan modification and foreclosure defense but according to Mostofi most lawyers who contact him don’t know much about the more creative legal tactics currently being employed by a handful of savvy foreclosure attorneys. Consequently, Mostofi also offers a consulting service to attorneys helping them understand the remedies available to their clients in the event the lender violated the Truth in Lending Act or if it cannot prove ownership of the note. “Amazingly, many lenders don’t legally own the note” says Mostofi “but since no one challenges their right to foreclose, they get away with it” he added.

The intent of an audit is not to force the parties in to a lengthy and costly lawsuit but rather to encourage the lender to sit down with the borrower and to negotiate an affordable work out so the borrower can keep the home and the lender can mitigated its loses. “The audit is to give homeowners more ammunition so they can stand a chance in negotiating a decent modification with lenders who have far more resources than the average borrower and often play hardball unless they are faced with the risk of a costly lawsuit” said Mostofi.

National Loan Audits was founded by Dean Mostofi and it is based in Rockville, Maryland.

 

 



Juan

RainbowBrite asked:


Okay first things first, I have an apartment and I really don’t want to lose it nor the stuff that is in my apartment, I am just at a point in life right now that isn’t good.

I got cut back on my hours at work and I’m only pulling in about 1300.00 dollars a month now, I was making more than double that. It’s horrible and very upsetting.

I have 27,900.00 worth of debt and this is a combination of a car loan, health loans and credit cards.

I went to capital one and was going to fill out an application for a personal loan but they said it was by invitation only. The interest rate on CitiBank is too high. I really would like some advice, I know Bankruptcy is a low trashy way to get out of the debt I created but I was making more than this.

Mind you I am 21 years old and by the time I’m 28 I’d have it off my record. So what do you think I should do and please do not recommend one of them prosper or other sites where people bid on your debt, I am not looking to get into that I just want a personal loan with a low interest rate.

I have wonderful credit 750 and I always make my payments on time, it’s just now I’m really starting to dig into my checking account and I’m getting worried with how fast it is diminishing.

Also I have been filling out applications everywhere for a second job but no one seems to be hiring with this economy the way it is!

Bessie

an1 asked:


I have EXTREMELY bad credit, but I dont have the money to pay off things to improve it…………
NO SCAMS.. gezzzz.. all you companies who post the same crap to every question I ask…

Todd

*GlensBayB* asked:


I am going to be starting college. I won’t have time for a job. I will be taking out student loans. But I have a car payment and insurance. Is there any student loans that I can use that on? I’ll be in a two year school but for school wise I’ll need 6,000 tution a year but i’ll also need 10,000 extra a year to live on. So is there any student loans that will give me 10,000+6,000 a year?

Lorraine

310-LOAN asked:


Since 2000, Payday loan customersin Canada have relied on 310-LOAN when they need fast cash. If you’re in that situation then you have come to the right place. Our no fax payday loan application beats every other online cash advance company. Open a payday loan account online today and we can have cash in your account in 30 minutes.

At 310-LOAN, we know that getting credit can be a challenge. That is why we have made the process of applying for a payday loan simple. The online payday advance application is quick and once your account is open, we can deposit cash directly in your account in as little as 30 minutes.

We know that there are many different cash advance companies out there and that you have a lot of choice when it comes to choosing a payday loan provider. At 310-LOAN, we can get you your cash faster, our faxless payday loan application is the easiest around and our level of service is second to none.

If you are ready to experience the simplest payday loan online then all you need to do is to start your application. If you prefer to open an account over the phone then just give is a call at 1-800-310-LOAN and we’ll open your account in minutes.

310-LOAN is a Canadian provider of Loan and Cash Advance services. Services include a no hassle fast cash advance until payday. Get a loan or cash advance deposited directly into your account with no faxing. A payday loan is an advance on your paycheck (or paycheque) and is also known as a payday advance, payroll loan, payroll advance, cash advance, check advance, fast cash advance or quick cash advance.

310-LOAN serves Canada including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, PEI and Newfoundland. We have loan customers looking for fast cash in most major cities including Toronto, Vancouver, Victoria, Edmonton, Calgary, Winnipeg, Halifax, Ottawa Mississauga, Brampton, Scarborough, Hamilton, Niagara Falls, Kitchener, Oshawa, St. Catharines, Red Deer, Surrey, Burnaby.



Virginia

310-LOAN asked:


Since 2000, http://www.310loan.com/about.asp>Payday loan customers in Canada have relied on 310-LOAN when they need fast cash. If you’re in that situation then you have come to the right place. Our no fax payday loan application beats every other online cash advance company. Open a payday loan account online today and we can have cash in your account in 30 minutes.

 

At 310-LOAN, we know that getting credit can be a challenge. That is why we have made the process of applying for a payday loan simple. The online payday advance application is quick and once your account is open, we can deposit cash directly in your account in as little as 30 minutes.

We know that there are many different cash advance companies out there and that you have a lot of choice when it comes to choosing a payday loan provider. At 310-LOAN, we can get you your cash faster, our faxless payday loan application is the easiest around and our level of service is second to none.

If you are ready to experience the simplest payday loan online then all you need to do is to start your application. If you prefer to open an account over the phone then just give is a call at 1-800-310-LOAN and we’ll open your account in minutes.

310-LOAN is a Canadian provider of Loan and Cash Advance services. Services include a no hassle fast cash advance until payday. Get a loan or cash advance deposited directly into your account with no faxing. A payday loan is an advance on your paycheck (or paycheque) and is also known as a payday advance, payroll loan, payroll advance, cash advance, check advance, fast cash advance or quick cash advance.

310-LOAN serves Canada including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, PEI and Newfoundland. We have loan customers looking for fast cash in most major cities including Toronto, Vancouver, Victoria, Edmonton, Calgary, Winnipeg, Halifax, Ottawa Mississauga, Brampton, Scarborough, Hamilton, Niagara Falls, Kitchener, Oshawa, St. Catharines, Red Deer, Surrey, Burnaby



Emma

kausik dutta asked:


on your conditions, you might have more than one accessible alternative.

Times have changed and obtaining a loan while you have bad credit is no longer the huge problem that it used to be. The kind of loan you acquire will depend on numerous objects, containing accessible guarantee, credit record, and service situations. Your money lender might inquire about extra items while estimating your appeal. It depends on the exact lender, the quantity of funds in question, and the conditions and terms that you are demanding to obtain.

 

Secured loans such as home loans and some private loans necessitate some type of guarantee. If you fail to repay the loan, the fund provider can take ownership of the collateral to recover a few of his loss. Since house equity is the finest resource of obtaining a loan, take benefit of your residence if you have one to obtain the cash that you desire. The terms and condition, rate of interest and fees may vary.

Your most excellent options for acquire a loan while you have bad credit may be a sub-prime loan provider who concentrates in providing loans to public with bad credit. In totaling to a home equity loan, you can also glance into obtaining a private loan. This kind of loan is normally for fewer money and a bigger interest fee than you would obtain with a home equity loan.

Even though your credit report and additional financial documents will come into play with a number of alternatives obtainable to you containing home loans and private loans, an alternative is present that won’t involve any of that at all- the payday loan. Payday loans are fast, simple answers to short-term economic deficits.

Payday loan is also suggested to as payroll advance loans, cash advance loans, check advance loans, deferred drop check loans, and post-dated check loans. Payday loans are unsafe and necessitate no collateral. You only need the evidence of employment, such as current pay slips, a postdated check for the sum that you use plus the fees, or an electronic back account number that can be used for refund.

With a payday loan, the customer borrows a little amount of cash for which he has to pay an excessive interest rate. Naturally, the loan is payable on the next payday and each parties sign a loan contract. It’s a fast, harass free exchange.

How cavernous is the level of your difficulty? Are you allowing for debt solutions as a replacement for of fast cash? If your amount of overdue have gotten out of your hand and are the real cause of your money problems, then a debt consolidation loan, debt negotiation, or credit counseling might be a superior solution to your debt troubles.

If you have an existing loan, you can all time refinance the loan; add in sufficient money to repay your other debts, and finish up with one monthly statement. If your circumstance is truly bad, credit counseling can help you finding a better solution including debt negotiation.

Resource:

Author is the owner of Bad Credit Loan

Keyword:  Bad Credit Loans

Bad Credit Loans Help

Depending on your conditions, you might have more than one accessible alternative.

Times have changed and obtaining a loan while you have bad credit is no longer the huge problem that it used to be. The kind of loan you acquire will depend on numerous objects, containing accessible guarantee, credit record, and service situations. Your money lender might inquire about extra items while estimating your appeal. It depends on the exact lender, the quantity of funds in question, and the conditions and terms that you are demanding to obtain.

 

Secured loans such as home loans and some private loans necessitate some type of guarantee. If you fail to repay the loan, the fund provider can take ownership of the collateral to recover a few of his loss. Since house equity is the finest resource of obtaining a loan, take benefit of your residence if you have one to obtain the cash that you desire. The terms and condition, rate of interest and fees may vary.

Your most excellent options for acquire a loan while you have bad credit may be a sub-prime loan provider who concentrates in providing loans to public with bad credit. In totaling to a home equity loan, you can also glance into obtaining a private loan. This kind of loan is normally for fewer money and a bigger interest fee than you would obtain with a home equity loan.

Even though your credit report and additional financial documents will come into play with a number of alternatives obtainable to you containing home loans and private loans, an alternative is present that won’t involve any of that at all- the payday loan. Payday loans are fast, simple answers to short-term economic deficits.

Payday loan is also suggested to as payroll advance loans, cash advance loans, check advance loans, deferred drop check loans, and post-dated check loans. Payday loans are unsafe and necessitate no collateral. You only need the evidence of employment, such as current pay slips, a postdated check for the sum that you use plus the fees, or an electronic back account number that can be used for refund.

With a payday loan, the customer borrows a little amount of cash for which he has to pay an excessive interest rate. Naturally, the loan is payable on the next payday and each parties sign a loan contract. It’s a fast, harass free exchange.

How cavernous is the level of your difficulty? Are you allowing for debt solutions as a replacement for of fast cash? If your amount of overdue have gotten out of your hand and are the real cause of your money problems, then a debt consolidation loan, debt negotiation, or credit counseling might be a superior solution to your debt troubles.

If you have an existing loan, you can all time refinance the loan; add in sufficient money to repay your other debts, and finish up with one monthly statement. If your circumstance is truly bad, credit counseling can help you finding a better solution including debt negotiation.

 



Dennis

rah_abc asked:


I have a family member who is looking for a personal loan of $1500 to $3000. They said their credit score is in the high 500’s just shy of 600. Any places they can apply online that would finance them? They are looking to pay off their credit cards to refinance their house. Thanks in advance. Best Answer = 10 Points!

Ida

Kristin Abouelata - Home Loans asked:


In 1930, Congress and the President established the “GI Bill” which allowed the Veteran Administration (VA) to coordinate benefits for its service people.  One of these programs, known as the Home Loan Guaranty Program, was created to help returning veterans and their families assimilate back into civilian life after sacrificing so much personally for their country. 

 

Who qualifies for VA loans?  If you served in the military, naval or air service and are active duty or released from duty for reasons other than a dishonorable discharge, you may qualify.  You had to serve for 90 days active duty or 181 days consecutively in peacetime. If you served less than the minimum requirement because of discharge or service connected disability, you may also qualify. In addition, if you are the surviving un-remarried wife or husband of an eligible service member who died for his/her country, you may too be eligible.  This program was designed to reward you and your loved ones for your service.

 

“The VA program, in general, is an exceptional program.  Many veterans don’t know it can even benefit them if he/she is overseas.  We’ve been helping active duty service people by putting their families in homes, and giving them peace of mind that their loved ones and their immediate needs are being taken care of while they’re away”, reflects Jamie Utton, Director of Product Development at Mortgage Investors Group.

 

These loans are available only for a primary home you intend to occupy.  You can’t go and buy a beach house for weekend use with it.  However, you can also use your eligibility to refinance your primary residence and pay off debt (except for Texans, for some reason, they don’t allow it in that state).  Or, if you had a VA loan prior, and the interest rates have dropped dramatically, you can do a “streamline” refinance – no worries about paying for a new appraisal or the hassle of verifying your income.  You’re all set to go.

 

So what makes the VA loan stand out above other types of financing? It allows for 100% financing for loans up to $417,000 with no reserves (checking and savings money to burn) required. The loan amounts allowed go up to $1.5 million, but you’d have to put some type of down payment into the transaction if you want to borrow that much money, plus show you have enough money to pay your mortgage for two months sitting in the bank if you need it.   And if you’re buying a home, the program allows for the seller to pay up to 4% of the closing costs, based upon the purchase price.  Basically, you can get into a home for very little or no money at a more than affordable market rate.

 

And the best part?  No extra money is added to your payment for mortgage insurance if you put a less than 20% down payment on the home.  That’s a pretty unique feature that makes this loan more affordable than others.  Most of the time, the veteran  will be required to pay a VA Funding Fee, but it is financed into the loan amount.  So, the funding fee is not an out of pocket expense for closing.  A veteran can be exempt from paying the funding fee for different reasons, including service connected disability, or if he/she is a surviving spouse of a veteran who died in service or from a service related disability.  And regarding credit scores, the VA loan program has more flexibility than some other programs offer. 

 

If you think you may qualify for this loan, let me first of all say, “Thank you.”  I really appreciate the sacrifices you’ve made for this country.  And if you’re looking to purchase or refinance your home, call a lender today who specializes in VA loans, and take advantage of this great benefit.



Lois

GB asked:


Is there any website or Companies where you can get a personal loan with no credit or bad credit?

Aaron