is your lender compliant
TRANSCRIPT
When you feel that you are behind the ‘eight ball’ with your
lender……
A quick overview: The greatest strengths in our lending system is
actually your lender’s biggest weakness.
Lenders are regulated by both federal and state agencies. The laws that lenders have to comply with when lending are very extensive.
The average citizen does not have the financial knowledge and understanding about the weighty
compliance issues behind their business loan or home loan. And in many cases, neither does a loan officer.
Consider This…….Over ten major federal laws regulate residential loans. This doesn’t include state laws that address loans such as second mortgages or home equity lines of credit.
Federally sponsored agencies such as FNMA, FHA, and VA, have their own regulations, practices and procedures, over and above the current federal and state laws.
Federal laws, state laws, and loan agency procedures, regulate the default and foreclosure process.
So Ask Yourself This Question…..So here is the question…
When it comes to your home or
business loan, how sure are you that your lender complied with all of the federal and state lending laws?
Don’t be too sure…… If you took a loan from a bank or lender and:
You were DENIED a loan modification; or
Your lender declared your loan in “DEFAUL T, “ or
Your loan was TRANSFERRED to “work out”,
It’s time to call David Soble, Esq. and the professionals at Proven Resource LLC
www.Proven-Resource.com
Proven Resource LLCwww.Proven-Resource.comwww.123.Trust.MeText Proven to 22828 learn more about how we can help.