Friday, February 17, 2012

Avid Law Center Performs Securitization Audits That Could Save Distressed Homeowners From Foreclosure

ALISO VIEJO, CA, Feb 16, 2012 (MARKETWIRE via COMTEX) -- The recent $25 billion mortgage settlement with the nation's five largest banks has left many homeowners wondering how they will be affected, especially those who have already been foreclosed on. Whether a homeowner has already lost their home or they are on the verge of having it taken away, there are steps beyond the settlement that homeowners can take to prove that they are entitled to mortgage relief.

One strongly recommended service is a securitization audit. A securitization audit, such as those conducted by Avid Law Center, is an investigation that determines if a loan was improperly securitized and can uncover other wrongful acts by the lender in the foreclosure process. If the audit identifies enough inconsistencies, there is a good chance that any foreclosure proceedings conducted against the homeowner may have been illegal or wrongful.

"In any litigation surrounding improper foreclosure practices, it is up to the homeowner to prove that the lender is illegally or wrongfully foreclosing. We have found that one of the best ways to do this is with a securitization audit," said Aron Rofer, President, CEO and Managing Attorney for Avid Law Center. "This helps give our attorneys the information they need to determine if we can build a case, and may give our clients the best chance of achieving positive results consistent with their needs."

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