Welcome to American Legal. Our services are available to you for the purpose of determining if your original home loan had flaws that qualify you for some of the options available to troubled homeowners in today's marketplace.

American Legal

American Legal conducts extensive forensic loan audits of your original mortgage loan documents in order to determine if there were predatory law violations. These laws include both federal anti-predatory laws and local State Consumer lending regulations.

With the increase of interest rates resetting on home loans and the devastating effect of the economy, many homeowners have mortgage payments they can no longer afford. It's better to lower the homeowner's payment by lowering the interest rate or payment rate by creating a payment plan the borrower can afford, than to take the home with a foreclosure sale and lose money on the re-sale. Lenders lose money on bank owned properties because it will sell for less than market value, and they must pay a commission to a Realtor, closing cost and the cost of holding the property while they wait for a sale in a housing market that is depreciating.

A forensic loan audit is a process that breaks down and analyzes a set of loan documents to determine if all parties completed proper procedures and complied with regulations during the origination of the loan.

  • Truth in Lending Act
  • Real Estate and Settlement Procedures Act
  • Home Ownership and Equity Protection Act
  • State Unfair & Deceptive Practices Act
  • State & Federal Anti-Discrimination Laws
  • Various Predatory Loan Indicators
  • Breach of Contract
  • Fraud
  • State & Federal Fair Debt Collection Practices


    • The federal statutes determine which federal requirements need to be met by the lender in issuing the loan. These include mandatory disclosures, how and when such disclosures are made, limits on annual percentage rate, and a number of other requirements.

    Forensic loan audits also analyze a loan to determine if it meets state and local requirements. Every state has some form of lending regulation. Some states choose to implement statutes that have language almost identical to that of the federal statutes, while others go well beyond the federal statutes and put even more restrictions on the lending industry.


    We review all of your loan documents (the papers you signed when you originally applied for the loan and the papers you signed when you closed the loan).

    We review your loan documents (the papers you signed when you applied for the loan and the papers you signed when you closed the loan). We investigate whether the information and calculations provided in those documents was accurate, truthful, and met the requirements of the applicable federal and state statutes.

    We look to what the lender, broker, and agent told you about the loan. We focus on whether the loan you were told you were getting was actually the loan you received.

    As experienced mortgage auditors we can uncover Fraud, Miscalculations, Violations etc. quickly. Other violations are harder to find and require in depth examination of the loan documents. After determining if your loan documents indicate whether there is a case worth pursuing we can inform you what course of action to take.

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    A forensic loan audit is an essential tool for a loan modification attorney. But not all of them are created equal. You can’t make a decision based on price alone. There are some essential elements to an effective loan audit that you should know before you purchase one. Here’s a short list of things to look for in your next loan audit:

    Your loan auditor should not promise to uncover lender violations; it’s not a guarantee that can be kept. A good loan audit is comprehensive and involves a review of every document in your client’s mortgage contract. A loan audit should be forensic; that is, scientifically conducted. Should be performed by human eyes, not a computer. Mortgage documents should be reviewed and compared to all relevant and applicable mortgage case law. Your loan audit should be in writing with an analysis indicating problem areas that your client should know about. In the end, your loan audit should give you a clear indication on how best to proceed with negotiations for better mortgage terms for your client. If it doesn’t do that then you’ve paid too much for the loan audit at any price.



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