Written by admin on March 9, 2010 – 2:54 pm
There are many people trying to take advantage of people losing their homes to foreclosure. There has been lots of negative press for forensic loan audit companies recently. These companies try to find errors or mistakes in your loan documents and advertise to sue on your behalf. Is the company US Loan Auditors a scam, just one of the thieves? At least they have the balls to confront the issue and even went on KCRA 3 news about their company. It is hard to imagine a shady company being this open but like all things we recommend doing your research first.
US Loan Auditors Applauds California Attorney General Jerry Brown’s Crack Down on Phony Loan Audit Scammers
Scam Artists Request Upfront Fees, Property Title Transfers and Escrowed Mortgage Payments
SACRAMENTO – February 25, 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, visit them online at www.usloanauditors.com.
This is an excellent site and full of resources!!
I really like US Loan Auditors. They were nothing like a loan modification company. They are completely opposite. They were really professional and courteous. Overall, I am really glad that I went with them.
I am in the US Army and while serving, my wife called me and told me that we were about to be foreclosed on. I was so distraught and felt helpless, as I was countries away and my wife was left to deal with this on her own. She saw an advertisement for US Loan Auditors on KCRA 3 and set up an appointment and they really helped us out. They didn’t take advantage of us and really took care of her and put her worries at ease. I am very grateful for that because being so far away, there was nothing that I could do to remedy the situation. I am really happy with the way they handled our situation
I have had a great experience with US Loan Auditors. They were very professional, ethical, and had a real understanding of mortgages and the legal issues of predatory lending. I am really glad that I signed up with them.
US Loan Auditors is a great company but they have had a few customer service issues in the past. I figure that I was one of the very first customers and while the company itself is a great company, I had a few customer service issues. However, my concerns were addressed by management and they were quickly resolved. Overall, US Loan Auditors really helped me out.
I am so glad that US Loan Auditors is getting lots of positive recognition (KCRA 3, My 58, Good Day Sacramento, Sacramento & Company). They are a really great company with strong ethics and a real desire to help people. I am a client of theirs and I have been really happy with their services.
I saw US Loan Auditors on KCRA 3 a few months back and set up an appointment right away. They were really professional, knowledgeable, and really understood mortgages. I am a very satisfied customer.
I like how US Loan Auditors educates you. They walked me through all of my loan documents and pointed out how I was in this mess and made sure I understood how to avoid this kind of mistake in the future. Great company.
I liked my rep at US Loan Auditors. She was very understanding and I felt really comfortable telling her about my current financial situation. I was embarrassed about how I had ended up in the position that I was (credit card debt, foreclosed home, etc.) but she didn’t judge. I was happy that I went with them.
http://www.facebook.com/v/1035656342246 for more
Fine words. It is good to see such a thought provoking article. I’ll admit that this is a subject I am not an expert on or know that much about but this has been worth my while so thank you.
Jerry Brown seems to think so