About us
National Auditing Center, The First Step
National Auditing Center specializes in providing comprehensive forensic loan audits to legal professionals, modification companies and consumers nationwide. NAC acts in the capacity of a neutral third party, exposing County, State, and Federal statute violations found in your loan documents and outlining these results in a case report admissible in Court. Our forensic loan products are frequently used during pre-foreclosure negotiations and legal proceedings such as judicial foreclosures, loan modifications, and class action discovery. Results have included: principle reductions on first and second mortgages, adjustable rate mortgages changed to fix rate mortgages, reduction of interest rates, interest rate ?step up programs?, and a complete forgiveness of late payments.
Even Small Mistakes In The Paperwork May Give Borrowers The Legal Leverage To Persuade Lenders To Rework Their Mortgages. LA Times
By Lew Sichelman, United Feature Syndicate|October 12, 2008 WASHINGTON ? Homeowners who are having difficulty getting the attention of their lenders to discuss their troubled mortgages might want to obtain a forensic loan review to determine if their lenders made any mistakes when the mortgage was issued. Even a $30 miscalculation on the lender’s part could be an actionable offense, and the threat of a lawsuit can be enough to persuade the lender to deal with you in trying to find a way to help you work through your financial difficulties.[Read more]
How One City May Punish Banks for Foreclosures-TIME MAGAZINE
By Lew Sichelman, United Feature Syndicate|October 12, 2008 It’s hard to drive down a residential street in Miami Gardens, Fla., and not see two, three, four houses in foreclosure. Some have been on the auction block since last year; they are once handsome, pastel-colored ranch houses that are now surrounded by waist-high weeds or boarded-up windows. “The tarp on that busted roof is about to disintegrate, it’s been there so long,” says Andre Williams, a Harvard-educated real estate attorney and Miami Gardens city councilman, pointing at one of the houses and shaking his head at the state of the solid middle-class, African-American community he grew up in. “We had a 70% homeownership rate in this city. We took a lot of pride in that.[Read more]
Should You Sue Your Lender?- MSN
By Lew Sichelman, United Feature Syndicate|October 12, 2008 As America’s subprime lending mess evolves from a storm on the horizon to a real nationwide deluge, an increasing number of homeowners are turning to the courts for help with the loans they can’t afford. Their argument? In a thirst for money, lenders and mortgage brokers have been all too willing to put them into loans that are highly inappropriate for them.”I guarantee you there are millions of Americans who feel lied to and deceived,” says Melissa Huelsman, a Seattle attorney who specializes in cases of predatory lending and foreclosure scams.[Read more]
