"U.S. Loan Auditors and similar outfits are promising to conduct 'forensic audits' of mortgage transactions to find evidence of 'predatory lending' and fraud, and use that evidence to haul lenders into court and obtain new mortgages at far more favorable interest rates, officials say.
The companies make 'very bold claims' but 'in most cases forensic loan audits cannot help homeowners to cancel their mortgages,' said James Reilly Dolan, assistant director for financial practices at the Federal Trade Commission."
Monday, November 29, 2010
Officials: New Foreclosure Scam Preys on Desperate Homeowners - ABC News
Officials: New Foreclosure Scam Preys on Desperate Homeowners - ABC News:
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