FOR IMMEDIATE RELEASE:Contact: Mortgage Fraud ExaminersPhone: 800.540.EXAM (3926)http://www.MortgageFraudExaminers.comNovember 18, 2009 (Ashburn, Virginia) ? When the mortgage crisis hit American homeowners full-force, companies offering “foreclosure rescue” and “loan modification” companies sprouted like weeds. Most promised troubled homeowners quick-fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and closer to homelessness.The new flood of loan audit companies is fueled by the spread of loan modification companies in an attempt to side step the upfront fees that the states have prohibited these companies from charging. They’re the proverbial “wolf in sheep’s clothing.”Mortgage Fraud Examiners is a project of Lex Consulting http://www.instantlawpartner.com. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to th We Buy Houses e law. Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained attorneys, was created to provide lawyers with comprehensive assistance to help them keep their clients in their homes.Mortgage Fraud Examiners CEO Storm Bradford explains: “Although forensic examinations of mortgage transactions can be of substantial value to a homeowner, regrettably, most companies providing these so-called ?loan audits’ are nowhere near qualified to do so. They are performed and sold by persons with no legal training, such as, former real estate agents, mortgage brokers, or loan processors, who input data into some software program. The “audit” is a useless checklist of the documents provided to the “auditor,” with no information about the legal implications of the documents. It’s that old adage on computer software: ‘Garbage-in, garbage-out.’ We do our forensic examinations mostly for attorneys and their clients. Knowledeable attorneys are going to spot a scam ?audit’ a lot quicker than a layperson.
LOAN AUDITS THE LATEST “FORECLOSURE RESCUE” SCAM
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