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
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, or get a free initial consultation for your mortgage loan, please call 916-256-3991 or visit them online at www.usloanauditors.com.
Disclosure: This sponsored message is brought to you by US Loan Auditors.
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Posted by Shane Barker
on Mar 3 2010. Filed under Sponsored.
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I had a pretty good experience with them as well. They appeared to be honest and up front and everything explained seemed to make sense. I didn’t feel like there was anything being ‘hidden’ from me, like there was when I was signing my home loan.
Great! Glad that it worked out well for you.
My husband and I have been clients of theirs for about 2 months now and everything has been going according to plan. That is what is nice about this company; my husband and I, along with our rep, mapped out a plan as to how the process would go. To date, everything has been really well. I definitely feel that they are a legitimate company and I trust them completely. Going into it, I was a little hesitant, as we had a bad experience with our broker but so far, I am more than happy with their service.
Laurie-Why were you so impressed with them? I mean, what made you feel so confident about them? They are about a thousand companies offering to do what US Loan Auditors is doing. How did you determine they were the best fit for you (and not a scam)?
Briana-
I really liked them because right from the beginning at our meeting, they did not try to BS us or get us to sign anything. They made you feel welcomed and important, like they needed you. Our rep had powerpoint presentation that he took us through, told us a little about the company, how it started, etc and also reviewed our documents right there. He even showed us everything that he was reviewing and tried to educate us on it. He also laid out our options but was never pushy or ‘salesy.’ They even gave us a tour to prove to us that the lawyers and auditors were all in house. By the end of the meeting, it was a no brainer. We knew we had to sign and to be honest, my husband was the first to grab the pen! Prior to going in there he told me that we were not going to sign anything. We were going to go home and discuss and review. Well, obviously he was impressed right then and there b/c he was the first to sign.
Here is their number if you want to get a hold of them. 888-55-AUDIT
I am glad that there is some good feedback on them. I have an appointment set up for this Friday and I am hoping that it goes well. I am a little anxious b/c I don’t want to get caught up in a scam, but on the other hand, I don’t have a lot of options right now. The rep sounded optimistic that I had a strong case so I hope everything goes well on Friday. Thanks for posting!
I just wanted to let everyone know that I had a really good experience with them but unfortunately, I did not have a case. My issue was that I was laid off and I was having a hard time making payments so I thought that I would give US Loan Auditors a call to see if they could help me. They met with me (completely free) and reviewed all my documents and right there, they told me that they could not assist me. They didn’t say, “Oh well write me a check for X and maybe I can work something out.” They were up front and honest and not sleazy at all. I didn’t feel taken advantage of at all. While I am still in a tight spot, I at least appreciated that they didn’t try to scam me out of my last couple thousand dollars.
Thanks Laurie! They sound really good. I am definitely going to call them and set up an appointment. Our broker over estimated our income big time and we can’t keep up with our mortgage payments anymore. I don’t want to lose our home but we have no more money for mortgage. Thanks again!
.How do I get in contact with this company seems like you are giving a strong endorsement and I’m having some issues with my lender. What exactly do they do?
How long as US Loan Auditors been in business? I think they are a fairly new company but I am not sure.
I just looked up their BBB information and it says that they have been business for over 1+ years (http://www.bbb.org/northeast-california/business-reviews/loan-auditors/us-loan-auditors-in-rancho-cordova-ca-47016351). It seems like when others were doing loan modifications that they were doing forensic loan audits. Out of all the companies that I have looked up they are most seasoned (most experience…from what I can see).
Nancy Y
I am glad to see that this company is addressing Brown’s recent warning to look out for loan audit scammers.
I have had really great treatment and information from US Loan Auditors. I have a terrible loan and had been told by my loan officer that I could always refinance later but I can. I couldn’t even get IndyMac to modify my loan after 8 months of trying to jump thru IndyMac’s paperwork ” hoops”. Since my loan is not sustainable and I want to keep my home, I am waiting for my forensic audit to be finished by US Loan Auditors and an attorney to proceed with getting this straightened out in court. It is going to take a few months, but it’s worth it and I have appreciated an opportunity to get this addressed in court. I’m okay that they outsource to a local attorney since I live in Southern California and their company is in Sacramento.
If you contact them, ask for JR Taitano, he’s extremely helpful and compassionate and honest. The preliminary audit is free so all you need to do is get your loan application and escrow papers copied and shipped to them to review. Good Luck!
Sorry about the typo above. I couldn’t refinance. I had gone to several banks around town and no one is refinancing unless you have enough income and you don’t really need to refinance. ? That’s why I am glad that this will go to court at the Federal level so that the illegality of giving a jumbo loan to someone like me who can’t afford it will be addressed. It’s a long story, but I pray that this audit will be helpful to get my loan reduced, overturned, lower interest rate, extend the term, whatever the judge decides, it will be better than what I have.