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QWR Qualified Written Request 1st Step of Forensic Loan Audit Predatory Lending Violations

QWR Qualified Written Request 1st Step of Forensic Loan Audit Predatory Lending Violations

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This is a sample of a qualified written request that should be sent to your lender if you feel that you may be a victim of predatory lending or if you would like the lender to validate the debt that they say you owe. Though a response is required by law, lenders tend to ignore any request unless a lawsuit is filed.
This is a sample of a qualified written request that should be sent to your lender if you feel that you may be a victim of predatory lending or if you would like the lender to validate the debt that they say you owe. Though a response is required by law, lenders tend to ignore any request unless a lawsuit is filed.

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Published by: Unemployment Hotline on Jun 11, 2010
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The information presented on this Web site is not to be construed as legal advice. Legal advice must be tailored to thespecific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of thedate of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This informationis not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of yourown legal counsel. Call (877) 9-HOME-11 if you need help finding one.
STEP BY STEP INSTRUCTIONS
The following is a FREE sample QWR that you can send to your lender / servicer / bank to validate theamount they say that you owe. Follow the step by step instructions below. For assistance call theOFFICIAL HOME OWNERS FORECLOSURE HOTLINE (877) 9-HOME-11 or visit us athttp://
 
or you
can also email us your questions to
ForeclosureHotline@live
.com.1. Highlight the information below starting with the bold headline that is in capitol letters(
QUALIFIED WRITTEN REQUEST......
.) to the end.2. Copy and paste the information to a WORD document3. AnyREDhighlights are areas for you to put your own information.
x
 Name and address of the Home Owner 
x
 Name and address of your Servicer (Inform
 
ation from your monthly statements)
x
Certified Mail #
x
Date:
x
Loan #
x
Signature of Borrower and Co-Borrower 4. After changing the personal information. PRINT & SIGN & SEND.5. The QWR that is sent to the Servicer(info on monthly statements) should be CERTIFIEDmail with return receipt6. Regular mail will save you some money and should be sufficient for the other 4 copies to besent to government agencies.7. Wait for a response8. Once you receive a response from your lender CALL (877) 9-HOME-11 to discuss availableoptions and strategies.****If you prefer not to do any of this work, CALL (877) 9-HOME-11 and a processor will be assignedto your file (processing fee).
 
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Name on LoanAddress on Loan StatementsCity,
CA
[92646]
 
WELLS FARGO BANK420 Montgomery StreetSan Francisco, CA 94104
 Certified Mail #
 
****
 
****
 
****
 
****
 
****
Date:
June 10, 2010
Dear Madam or Sir:I understand that under
Section 6 of RESPA
you are required to acknowledge my request within 20business days and must try to resolve the issue within 60 business days. Please treat this letter as a"qualified written request'' under the Real Estate Settlement Procedures Act, 12 U.S.C. Section2605(e).I am writing to you to complain about the accounting and servicing of my mortgage and my need forunderstanding and clarification of various charges, credits, debits, transactions, reversals, actions,payments, analyses and records related to the servicing of my loan from its origination to the presentdate. To date, the documents and information I have, that you have sent me, and the conversationswith your service representatives cannot answer my many questions.It is my understanding that your company has been accused as engaging in one or more predatorylending and servicing schemes. As a citizen, I am extremely concerned about such practices byanyone, let alone my own mortgage company or anyone who has held a beneficial interest in my
 
QUALIFIED WRITTEN REQUEST
COMPLAINT DISPUTE OF DEBT/ VALIDATION OF DEBT TILA REQUEST
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loan. I am concerned that such abuses are targeting the uneducated and uninformed consumer anddisadvantaged, poor, elderly and minorities.Needless to say, I am more concerned as an alleged borrower. I am worried that potential fraudulentand deceptive practices by unscrupulous mortgage brokers; sales and transfers of mortgageservicing rights; deceptive and fraudulent servicing practices to enhance balance sheets; deceptive,abusive and fraudulent accounting tricks and practices may have negatively affected my creditrating, mortgage account and/or the debt or payments to which I am legally obligated.Because of this and other reasons that leave me to believe that I may be a victim of predatorylending, I am disputing the validity of the current debt you claim I owe. By debt I am referring to:
1.
 
 The principal balance claimed owed;
2.
My calculated monthly payment,
3.
Calculated escrow payment
4.
And any fees claimed to be owed by you or any trust or entity you may represent.I have reason to believe that the loan terms were misrepresented to me at the time of applicationand further obscured and/or modified prior to signing. I believe that my income may have beeninflated on the application. I also have reason to believe that certain statements were not providedfor my approval prior to closing, and that signatures may have been forged on various documents. Itis also my belief that certain documents may have not been presented at all. Additionally, I believethat a notary was not physically present to witness my signatures on several pertinent documentsand that I was ill advised at the time of closing. To independently validate my debt, I need to conduct a complete exam, audit, review andaccounting of my mortgage loan from its inception through the present date. Upon receipt of thisletter, please refrain from reporting ANY negative credit information [if any] to any credit-reportingagency until you respond to each of my requests.

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