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A.J. Stephens & Associates, Inc.
407-369-6671
OUR MISSION
To enable attorneys and homeowners to diligently and thoroughly fight illegal foreclosure actions, utilizing our advanced patented technology tools and extensive mortgage compliance legal rules knowledge to gain leverage against the lender/creditor.
WE PROVIDE…
Forensic loan audits that allow attorneys and homeowners to rely on our in-house legal expertise and knowledge of the hundreds of applicable laws that affect borrowers.
WE DELIVER…
A 13 page customized report that shows “Pass-Fail” and cites the legal code specifically, so that attorneys save time and money assisting their clients with foreclosure, loan modification or loan work out while also listing results in plane understandable language for the home owner as well.
WE PROCESS…
The file completely and have a host of unique tools that enable attorneys to build a quality practice in loan resolution with us handling all of the back-end work.
The problem with Obama's HAMP
According to data provided by the largest lenders and servicers participating in the Obama Administration's Home Affordable Modification Program (HAMP) less than 10% of homeowners who are eligible for a loan modification are actually approved for one. Over 90% of eligible homeowners are turned down!
If you are having difficulty making your mortgage payment you should ask yourself the following questions:
•Did you purchase or refinance within the past six years?
•Do you have an adjustable rate mortgage?
•Do you owe more than your home’s current value?
•Has your loan been securitized and sold to unknown investors?
•Has your loan already been paid off by an insurer?
•Were you mislead about the true terms of your loan?
•Was your income inflated by the lender without your knowledge?
•Is your debt to income ratio over 50%?
•Was the mortgage broker or lender operating without a license in your state?
•Did the lender fail to give you all the required disclosures?
•Was the appraisal inflated?
•Did you give up a fixed rate loan in exchange for a toxic sub-prime mortgage or Pay Option ARM?
•Has the same lender refinanced you several times?
If the answer to any of the above questions is yes then you may be able to challenge the legality of your mortgage and force your lender to modify the terms of your loan.
We will examine your mortgage file looking for compliance violations that once discovered and properly documented will give you the leverage you need to successfully negotiate with your lender.
Documents we need to audit your loan:
1. 1003 Loan Application
2. Hud-1 Settlement Statement
3. Promissory Note
4. Deed of Trust/ Mortgage
5. Truth In Lending Disclosure Statement (TILA)
6. Adjustable Rate Riders (if applicable)
7. Right to Cancel or Rescend Notices (on Refi's)
8. Variable Rate Riders
9. "PMI" Private Mortgage Insurance Certificate
10. Pre Pay Penalty Rider (if applicable)
Elements in a Foreclosure Defense Program Include:
1. The forensic mortgage audit
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Is this a legitimate foreclosure?
Is this a legitimate foreclosure?• Is this an FHA guaranteed loan subject to regulations of the Secretary;
Is this an FHA guaranteed loan subject to regulations of the Secretary;• Is there Truth in Lending Act violations that afford the consumer an extended right to rescind the transaction in defense to the foreclosure;
Is there Truth in Lending Act violations that afford the consumer an extended right to rescind the transaction in defense to the foreclosure; •Is this loan unconscionable (No net tangible Benefit);
Is this loan unconscionable (No net tangible Benefit);•Are there material misrepresentations that fraudulently induced the consumer to enter into the transaction to his detriment?
Are there material misrepresentations that fraudulently induced the consumer to enter into the transaction to his detriment?•Are there offsets to the creditor's claim?
Are there offsets to the creditor's claim?•Is there a protected class of citizen being affected (minority)?
Is there a protected class of citizen being affected (minority)?2. Intervention by an Ombudsman authorized under a Special Power of Attorney to investigate the matter and negotiate relief on behalf of the homeowner in the form of a loan modification.
3. Alternative funding sources so that the homeowners can:
•Extract themselves from a predatory loan;
Extract themselves from a predatory loan;•Meet their tender requirement in the event they have an extended right to rescind the transaction;
Meet their tender requirement in the event they have an extended right to rescind the transaction;•Extricate themselves from an abusive loan servicing operation;
Extricate themselves from an abusive loan servicing operation;•Stabilize the cost of homeownership by transitioning from volatile and inappropriate loan products designed merely to extract wealth over to fixed rate mortgage products that are predictable, prudent, and designed to create wealth.
Stabilize the cost of homeownership by transitioning from volatile and inappropriate loan products designed merely to extract wealth over to fixed rate mortgage products that are predictable, prudent, and designed to create wealth.4. Defend yourself on the basis of standing, exercise truth in lending rescission rights, and recover damages for breaches of contract, fraud, and violations of consumer protection statutes.
AJ Stephens and Associates, Inc. is not a loan modification service. All information provided on this site is to inform homeowners of their rights. For loan modification - loss mitigation help, we recommend this FREE informational website provided by American Community Educators, Inc. a non-profit organization dedicated to educating homeowners and providing tools and options to prevent foreclosure.
NAMU®-CFLA
DO YOU KNOW IF YOU ARE BEING FORECLOSED ON ILLEGALLY?
In the majority of cases the lender bringing suite against the homeowner is not the actual owner of the NOTE or at least they cannot prove ownership. In other cases the lawyer bringing the case has not followed the requirements of foreclosure law and the case may be dismissed with very little effort.
In either case you should never just walk away from your home even if you cannot afford any payments. By having your mortgage audited against the 335 federal lending laws and enlisting a lawyer you could stave off foreclosure for up to 2 years without making a single mortgage payments.
You can discover if you are being foreclosed on illegally or if your lender has committed loan fraud for a simple upfront fee of $250.00 "Because everyone deserves the right to know if they can defend themselves". 1-407-233-1342
American families are suffering and we’re here to help!
This current housing meltdown is affecting 100% of Americans, not just homeowners. The government is more concerned about the banks bottom line than they are about the citizens. It is up to “we people” (that includes you) to stand up for our rights and to protect ourselves once again.
God said “My people perish for lack of knowledge” but ask yourself, am I informed about the laws that protect me?
No American is an island unto himself. No one property or piece of land stands separated from its neighbors. The problems that befall one American today effects all of us tomorrow and we need to stand up and unite, One nation, One people and One future! Don’t assume that just because you have a solid job you are insulated from these problems. If you decided to sell your home tomorrow you may be shocked to find that it is only worth half of what you paid for it!
Let’s fight this problem together, get informed and help other do the same!
On October 25th Ben Bernanke (chairman of the Fed) stated that “the problem is that lending institution are not following proper procedures”. In reality (Ben) these lenders are knowingly and intentionally “breaking the laws” established by the fed. These are not “procedural errors” as he would lead the public to believe but outright fraud wherein “Banks” are stealing people’s houses and then reselling these stolen goods to other investors. Even the nations largest Title Insurance company (Old Republic Title) has now refused to issue title on any property taken in foreclosure because they know that what the banks are doing is illegal and refuse to cover their losses if “you the people” catch on and start fighting back!
So what can you do to protect yourself against this current assault on America?
First, have us perform a detailed Forensic Loan Audit on your personal mortgage documents to discover if fraud has already been committed against you (The FDIC has stated 83% of all mortgages issued between 2001 & 2006 were not compliant with Federal lending laws).
Next, take action! Many homeowners across America are entering into “Strategic Default” and using the information discovered in their audit as leverage against the lender (who does not want to go to court) to receive a principal reduction of their mortgage today’s value while locking in their interest at the current 30 year fixed rate. All with NO CLOSING COST, NO POINTS AND NO PENALTIES!
Finally, inform your friends and neighbors that they too may protect their families.
So who do you know that is currently underwater in their home? Facing bankruptcy? Foreclosure? Or just needs to be better informed of the laws written to protect them from predatory lenders?
Please forward this link to everyone you love enough to say hello. www.HomeSafeLoanAudits.com
AJ Stephens and Associates, Inc. is an Orlando based company that is investigating the banking industry one mortgage at a time. Let us help you live a more solid tomorrow.
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