US Loan Auditors Applauds California Attorney General Jerry Brown's Crack Down on Phony Loan Audit Scammers
Released
on: March 02, 2010, 6:50 am
Author:
Shane Barker
Industry: Real Estate
Scam Artists Request Upfront Fees, Property Title Transfers
and Escrowed Mortgage Payments
SACRAMENTO – March 2, 2010 – US Loan Auditors announced today that they are
endorsing California Attorney General Jerry Brown’s crack down on “phony loan
audits” and “loan modification” scam artists by warning California families that
scammers are out to steal their hard earned homes and money.
“It is a shame that people would setup a storefront and call themselves a
foreclosure relief agency just to steal from local families,” said Shane Barker, one
of the founders of US Loan Auditors. “It is absolutely critical that consumers do
their research into the company they are working with and extensively check
references before assuming a firm has experts. We have never done, and will never do
loan modifications. Our audits are specially designed for attorneys to take right
into court.”
US Loan Auditors is not a loan modification firm, but instead is specialized in
using the science of forensic loan auditing to help victims of predatory lending,
and their legal counsel, uncover violations during the loan documentation or loan
origination process. Customers can rest assured that the principals of the firm have
extensive mortgage industry experience and the company backs up its expertise by
offering a free upfront consultation for their forensic audit services.
“Our audits are not performed with a loan modification in mind,” Barker said. “We do
the forensic loan audit to help give homeowners the leverage they need in court, not
for a loan modification. Beware of companies promising big results after illegally
collecting a large upfront fee.”
Along with a large upfront fee, scam artists may request the transfer of the title
of the house to the “rescue” firm; making the mortgage payments to the scammer
instead of the lender; and even prey on people that sign paperwork without carefully
reading the documents or having an attorney review them.
“Unfortunately, some people are becoming victims twice,” Barker said. “Please be
aware of the warning signs of a scam artist and take steps to protect yourself, your
home and your family from further risk.”
An estimated 80 percent of the homeowners with one or more of the following;
adjustable loans, pick a payment or option ARMs, non speaking or limited English
speaking, or stated loan transactions, may have been victims of predatory lending.
For more information about US Loan Auditors, or get a free initial consultation for
your mortgage loan, please call 916-256-3991 or visit them online at
www.usloanauditors.com.
Contact Details: Shane Barker
2882 Prospect Park Drive, Suite 350
Sacramento, CA 95670
888-55-AUDIT
shane@usloanauditors.com
www.usloanauditors.com
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