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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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.
Does anyone know where you can find the number of cases that US Loan Auditors has won? These posts say that they are a great company and all and some people even post that they have won their cases for them, but I can’t seem to find out where the statistics are on this. Can anyone help?
My parents are considering a reverse mortgage on their home because they were taken advantage of by a broker. Can anybody recommend someone that can help them?
I recently heard an advertisement about US Loan Auditors. Does anybody know how to reach them? I didn’t catch the phone number..
Does anybody know how the meeting between you and your rep at US Loan Auditors is structured? They told me to bring as much paperwork regarding my loan as possible but I am a little nervous to show them all my personal information. They keep saying that they will be going over it, along with a presentation. Does anybody know what that means?
I had a meeting with US Loan Auditors and it was worth my time going in. They reviewed my loan documents and were able to determine that I was a victim of predatory lending. USLA needs to review your loan papers in order to determine if you have a legal case against your lender. I highly recommend going to the meeting.
I also want everyone to know that the results of these cases are restricted by a “gag law”. It’s so very disturbing that these banks and Wall St. have been so unethical and predatory on so many Americans, that if the truth of the results of all these cases were revealed, everyone would go to court and it would undermine the very fabric of the banks and our economy and our country is already in bad shape. There is a lot of fear by the banks to lend now and more lawsuits would just tighten credit even more. Do your homework, but don’t try to compare your individual case with everyone else’s because they are all different and need individual evaluation. If you can afford it and you think that your loan was illegally conceived then I highly recommend going with USLA.