The Insider

The idea of "forensic loan audits" was just broadcast on CNN. Basically you hire legal consultants to review your mortgage process to make sure everything was done by the book, and if you have any contractual rights that are not being provided to you.

This does come with a cost, but it's trivial compared to what you're paying on a 30 year mortgage.

It places a carnivore on your team, instead of being forced to work against them all the time.

Consider this option.

During my personal experience with BBVA, I wondered if the procedures followed were "correct". Disclaimer: I am not asserting that BBVA did anything wrong during my mortgage processing. I am asserting that I was "curious" or "wondered" if it was or was not based on some things that seemed "out of order" (in my opinion) as a non-professional in the banking/mortgage field.

In my situation or yours, one of these forensic loan auditors could help, especially if you now find yourself in financial difficultly and require changes to keep your home.

Note: "Forensic loan auditors" is largely a nicely crafted marketing term to describe lawyers or businesses that employ them to focus on finding loopholes and options for you by reviewing your mortgage.

If you have difficulty finding someone who claims to do this in Puerto Rico, you can have a "regular" lawyer (with specialty in real estate) review your documentation. Keep in mind that they work with the banks and will not want to jeopardize their relationship. Therefore, results will vary. You should be up front with them about your expectations, and *always* get a quote before you ever enter their office.