Beware!!!
Forensic Mortgage Loan Audit Scams
Similar to foreclosure rescue scams, forensic mortgage loan audit scams charge several hundred dollars to review distressed homeowners' loans to see if they may be able to use the audit report to avoid foreclosure, accelerate the loan modification process or even cancel the loannone of which ever occur.
Forensic mortgage loan audit scams will often:
*Guarantee to stop foreclosure on your home.
*Advise you to cease contact with your lender, lawyer or credit or housing counselor.
*Charge a fee before providing any services, accepts payment only by cashiers check or wire transfer.
*Encourage you to lease your home so you can buy it back at a later date.
*Recommend that you make your mortgage payments directly to it, rather than your lender.
*Urge you to transfer your property deed or title to it.
*Offer to buy your house for cash at a fixed price that is inappropriate for the housing market.
*Pressure you to sign papers you havent had a chance to read thoroughly or that you dont understand.
How can I protect myself from forensic mortgage loan audit scams?
Never provide sensitive account or personal information to any company or individual that seems suspicious or displays one of the above warning signs.
If you suspect you've encountered a forensic mortgage loan audit scam, please contact your local law enforcement agency immediately and visit the Federal Trade Commission website for information on how to report the illegal activity at www.ftc. Gov
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