; FORENSIC LOAN AUDITS THE LATEST FORECLOSURE RESCUE SCAM
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FORENSIC LOAN AUDITS THE LATEST FORECLOSURE RESCUE SCAM

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									Mortgage Fraud Examiners, the investigative firm who warned the public about loan
modification scams, the "criminal loan modification trap" and the Mortgage
Elimination scam is now warning the public of this latest scam.
  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, LLC
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 the law.
Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially
trained attorneys, was created to provide borrowers and the legal community with
comprehensive assistance to help them keep them 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. Knowledgeable
attorneys are going to spot a scam 'audit' a lot quicker than a layperson. We have to
provide services that withstand the scrutiny and demands of a trained legal eye. You
need a specific and unique legal knowledge to do a forensic examination of a
mortgage transaction; a ten-minute software audit is no substitute for three years of
law school. We're legal professionals looking for things that software can't find,
besides, we know what to look for!"
  "A true forensic examination inspects the homeowners' appraisal, mortgage and
supporting documents, in the context of the dealings surrounding the creation of those
documents, so legal experts can discover legal defenses a homeowner can use to avoid
foreclosure.
  Jonathon Moseley, an attorney specializing in foreclosures, employs the services of
Mortgage Fraud Examiners explains, "Mortgage Fraud Examiners helps me identify
contract defenses, torts, regulatory violations and other types of legal anomalies. The
value of a thorough examination of the mortgage transaction is that the examination is
done right -- with legal accuracy and depth. Unfortunately, cheap imitators must be
avoided. A simplistic, software-based forensic audit by individuals with no legal
training defeats the whole purpose: Careful analysis of the whole transaction, to
include an analysis of the appraisal is needed to prepare a legal defense. The first step
in any contract dispute is to see if the contract is legally valid. Too many lawyers
never check whether the mortgage is even legally enforceable before rushing in to
tackle a foreclosure. Spending money on one of these so-called forensic audits is
entirely wasted because it takes a thinking legal professional to find defects in a
mortgage transaction.鈥?
  How does a consumer spot a legitimate loan auditor from an untrained one? "Ask the
right questions," Bradford advises. "Ask how they do they conduct the audit- is it
software, or are there specifically trained attorneys spending real time examining the
documents looking for contract defenses? If they're not performing a forensic
appraisal that should be a clue. We find appraisal fraud in four out of every
five-mortgage transactions we examine. Be wary if they tell you something vague like,
'Attorney backed,' or they're 'certified loan auditors.' Either legal professionals are
performing the examinations, or not, and there is no schooling or certification process
to becoming Joe the Auditor. Someone could have been a ditch digger last week and
doing 'audits' this week. Be careful with a 100% guarantee. Guarantees usually always
have loopholes. Homeowners need to be careful. You even have attorneys doing loan
modifications instead of doing what they are paid to do--that's looking for contract
defenses."
  "There really are many legal options available to homeowners facing foreclosure,"
Bradford concludes. "But there are no shortcuts to finding them. Every claim has
unique facts, every claim has different applicable law, and only a legal specialist is
going to find the answers to help each individual borrower stay in their home."
  Contact: Mortgage Fraud Examiners Phone: 800-540-EXAM (3926)
http://www.MortgageFraudExaminers.com

								
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