Rancho Cordova, California (PressExposure) November 04, 2009 -- Based on the results of a forensic audit done by US Loan Auditors, US Legal advisors announced that it has filed a lawsuit against JP Morgan Chase on behalf of Antonio Acevedo because of our intensive forensic loan audit of JP Morgan Chase documents, indicated potential mortgage loan fraud and predatory lending abuses.
âWe have conducted numerous forensic loan audits of JP Morgan Chaseâs mortgage documents and have recognized several common potential predatory lending indicators such as prepayment penalties, product steering, kickbacks, forgery, and overstated income abuseâ said Jim Sandison, one of the founders of US Loan Auditors. âMany of these violations are a direct violation of the Federal Government Consumer Protection Acts such as RESPA, HMDA, ECOA and TILA.
The lawsuit was filed today in US Federal Court, Northern District of California on behalf of Antonio Acevedo. The first court date in this legal action is a Joint Status Conference. Because these cases are filed in Federal Court the Magistrate/Judge that is assigned at the time of filing the complaint will rule on all matters pertaining to this case, until this case either settles or is set for trial. The compliant calls for JP Morgan Chase to stop the foreclosure based on potential evidence of subprime or prime lending abuse.
âWe really want to stand up for local homeowners that may have been taken advantage of by predatory lendersâ Sandison said. âWe seriously hope that all borrowers who believe they may have been victimized will contact our office as quickly as possible for a free no-obligation consultation.â
US Loan Auditors is not a loan modification company, but instead, specialize in the science and art of forensic loan auditing to help victims of predatory lending.
US Loan Auditors offers a free preliminary consultation for homeowners that believe they may have been taken advantage of during their home mortgage process. Research indicates up to 90 percent of homeowners with one or more of the following loan programs: adjustable loans; pick-a- payment; or are a non English speaking or limited English speaking, or stated loan transactions, may have been victims of predatory lending.
Upon completion of the audit and verification of the abuse, US Loan Auditors (www.usloanauditors.com) forwards the borrowerâs case to US Legal Advisors (www.uslegaladvisors.com), a sister Company.
US Legal Advisors is a legal services firm that acts as a liaison and case management to support the private Attorney, who will represent the borrower throughout the legal process and negotiations.
For more information about US Loan Auditors, or to get a free initial consultation for your mortgage loan, please call 888-55-AUDIT or visit them online at: http://www.usloanauditors.com.