The first step of this process is to gather the mortgage documentation listed in the forensic loan audit documentation checklist. If you are missing any of the documentation, contact us and we will try to help guide you to copies held by third parties.
After you have these documents, print off the Contract for Mortgage Auditing and Litigation Support, read and sign it so your lawyer can communicate with us and we can work on your behalf.
Then send your documents to us via registered mail signature required to:
Rateswire.com
4601 224th St SE
Bothell WA 98021
Next we go through your mortgage documents and story to determine what predatory acts, violations of lending laws, and guidelines exist.
If we can find enough violations and predatory acts, we let you know we have found enough violations to provide litigation support. We then provide litigation support and a forensic analysis to your lawyer to aide them in understanding your situation and filing a lawsuit.
We also analyze and index the relevant parts of your documentation, and communicate with your lawyer to deliver a report in a format they can easily understand to file a lawsuit on your behalf. This is an extremely time consuming and complex process.
If we cannot find sufficient violations and predatory acts, we will refund the majority of your initial fee to you, minus a $250 processing fee, and provide you with a report of what we did find. The processing fee covers time and other costs such as title reports, appraisal comparable searches, and other research items.
Your lawyer then takes the report, and uses it as the basis for a lawsuit to provide relief to you and your family. Our report cuts down the preparation time of the lawyer and gives him access to the experienced mortgage professionals here at Rateswire.com. Our past experiences have shown that this allows many attorneys to work with minimal upfront fees and also accept a contingency fee. Our report provides them with a clear understanding of what they are dealing with and filters out hundreds of pages of irrelevant information and mortgage documentation.
