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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: 4 minutes and 36 seconds
Country: United States
Language: English
Views: 77
Posted by: usloanauditors on Jun 10, 2010

Fred and Cookie Blomquist were put into a predatory loan when they wanted to do some home repairs. Their broker said that he could get them the “best loan possible.”
What they didn’t realize was that their loan was predatory in nature. Even though Fred was recovering from open-heart surgery, their lender had become unreasonable.

The foreclosure amount on the home was $650,000. Their lender was able to sell it back to themselves for $450,000. This offer was never presented to the Blomquists.
With the legal leverage provided by a court-ready Audit by US Loan Auditors, they have been able to stay in their home. As Cookie said, “We wouldn’t be here without US Loan Auditors… I have the utmost respect for them.”

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