You may be entitled to a refund of overpaid charges if you paid off a loan within the last three years.
Whether you refinanced or sold the home, you relied on the lender's pay off statement which was
provided to escrow and probably assumed it was accurate. During routine loan document
examinations, I have discovered numerous over charges on the payoff statements of prior loans. The
lowest over charge I have discovered was $78.91 while the highest was $20,851.24. The highest one
was an illegal prepayment penalty which violated California's prepayment penalty laws while the
lowest was a miscalculation of per diem interest. I have discovered so many discrepancies with pay
off statements that I was prompted to offer this free audit program for paid off loans. It doesn't cost
you anything to find out if you may be due a refund. If you are, my attorneys will assist you in getting.
Here are the requirements for this free examination:
1. You must have refinanced or sold a home within the last three years. (short sale is not eligible)
2. You must have in your possession, the following documents to examine:
a. the document entitled "Promissory Note" or "Adjustable Rate Note"
b. all documents that have the word "Rider" in it's heading
c. all documents that have the word "Addendum" in it's heading (exclude escrow addendums)
d. either the lender's pay off statement or the final closing statement that breaks down pay off
charges.
e. a copy of your last monthly statement .
Be sure you have all the above documents at your computer then click the "Proceed" button below.
This will take you to a form in which you will answer questions that are relative to information found
on those documents.
