Diamond Law Center, LLC is headed by Attorney Robert "Bob" L. Diamond, an attorney for 13 years and has represented numerous consumers and creditors in bankruptcy proceedings. He has first-hand knowledge of the challenges faced by consumers in standing up to aggressive creditors and in dealing with unmanageable debt and foreclosure.
During the current mortgage melt-down Bob has watched as lenders mis-managed the process of handling defaults on loans, unreasonably refuse short sales and mis-manage their REO inventory. It didn't matter to the lenders if you were rich, poor, or a member of Congress as Representative Maxine Waters recently found out.
This mis-management is causing untold misery for consumers and magnifying losses at banks. Bob has taken up the fight on behalf of consumers by becoming involved with loan modification on behalf of consumers to help stop their pain and misery. To that end he has teamed up with his brother, Ed Diamond, an MBA & BS Finance and former CEO of a software company with 23 years of executive financial and operating experience. Together through Bob's Law Center they will help homeowners navigate the sea of options and resolve their debt, including litigating on behalf of homeowners if necessary.
These homeowners are perfect for Forensic Loan Audits performed by an experienced law firm. The attorney will discover through the process of the loan audit, if the lender violated the Federal Truth in Lending Act, Real Estate Settlement Procedures Act, Title I or any other Federal law or made any mistakes when in preparation for the closing documents of the loan. In addition, many lenders neglect to properly disclose the terms of the loan in question.
Even small mistakes can be a violation of TILA, RESPA or Title I violations. Violations include calculating annual percentage rates or particulars of the loan. If this is discovered through a loan audit, the borrower of the loan may have legal grounds to sue the lender and possibly rescind the loan. That means the borrower would not have to repay the money! In addition to a possible lawsuit will give the lender more motivation to work out new interest rate terms with the borrower.
Loan Audits performed by a qualified attorney are a great way to help borrowers with their loan modifications. They are by far one of the most effective ways to modify a loan. Loan Audits by attorneys are in huge demand and will continue to be in the next couple years.
There is a 3 year statute of limitations on Tila, RESPA and Title 1 thus it is only applicable to loans that were originated less than 3 years ago and the costs of litigation are significant (tens of thousands of dollars) thus you must make an informed decision on your options. If your loan is older than 3 years, you do not have an ability to use these violations for leverage.
