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Forensic Loan Audit forces Bank to give one family a Principal Reduction Loan Modification

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Video Details

Duration: 2 minutes and 54 seconds
Country: United States
Language: English
Views: 82
Posted by: usloanauditors on Jun 8, 2010

Jack Corry had a Pick-a-Pay adjustable rate loan and pre-payment penalties with Wachovia. He tried to get a loan modification, but his lender didn’t want to work with him. He had nearly given up and was about to give up his home… until a friend referred him to US Loan Auditors.
US Loan Auditors was able to do an analysis of his loan documentation as part of a forensic loan audit, sent letters to Wachovia and prepared everything necessary for Jack to seek remedy in Court with the law on his side

In the end, Jack received a letter from Wachovia offering a loan modification that forgave all previous interest and a $65,000 reduction in principle with lower monthly payments… enabling him to stay in his home!

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