avoiding foreclosure scams

The Forensic Audit Scam

Here’s another type of scam: Scammers masquerading as forensic loan, mortgage loan, or foreclosure prevention ”auditors” offer to show your mortgage documents to a lawyer or expert once you pay a fee. What is the stated purpose for this legal review?

1. To see if the lender owes money back to you
2. To see if you qualify for a new mortgage with better terms
3. To see if your lender complied with the law

“C” is correct. The “auditor” says you can use the information the expert finds to prevent foreclosure, hasten the loan modification process, shrink the amount you owe, or even get rid of your mortgage. But once you pay the “auditor” the fee, you are more likely to end up further in debt and with no real mortgage relief.