Be Cautious of the Forensic Loan Audit Scam

In this scam organizations claim they can review a home owner’s mortgage documentation to determine if the lender complied with federal and state laws. These organizations charge as much as $3,000 and promise to help the home owner receiving loan modifications.

Complaints against these types of companies have flooded the Federal Trade Commission and Better Business Bureau since the start of the year.

To read more about the Forensic Loan Audit Scam follow the link below

Source: “Home Owners Beware: Forensic Loan Audit Scam,” AOL Real Estate (Sept. 26, 2011)