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Forensic Audits Not Useful

Posted in Mortgage Modification

Homeowners: Don’t Be Scammed by Forensic Audit of Mortgage Docs Posted: 19 Jun 2012 10:00 PM PDT Written by Craig D. Robins, Esq. Unfortunately, homeowners who can barely afford their monthly mortgage payments or who are in foreclosure are in a very vulnerable position and can become easy prey for con-artists. Beware of companies offering “forensic audits” and promises of obtaining new payment terms for a mortgage or a receiving a loan modification. The Federal Trade Commission recently petitioned a U.S. District Court in California to shutdown a company that was allegedly offering pricey forensic audits together with claims that the company had a 100% chance that they would uncover violations of federal and state mortgage law that would entitle the homeowner to a mortgage modification or other relief. A forensic audit is basically a review of various loan documents, closing papers, correspondence from the...

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