Forensic Loan Audits: Dont Be Scammed By A Forensic Auditor
Forensic loan audits are a useful tool for mortgage modification services; they add
leverage to the distressed homeowners negotiation with their lender for loan modification.
Unfortunately, like with many other great services, there are scammers who claim to be qualified in performing forensic loan audits. Forensic loan audits must be performed by qualified or certified firms to be of any value.
Some companies take advantage of distressed homeowners who are so desperate for help that they will spend hundreds of dollars with a company who promises them a mortgage modification and a complete review of their mortgage documents.
People who are working with a loan modification company should insist on a certified forensic loan audit. Beware of companies who offer these services for unreasonably low prices; these companies have not earned their degree in accounting or finance. They use software systems that may not be up to date or capable of catching the numerous errors that could exist.
When forensic loan audits are properly conducted by certified, qualified firms, they uncover far more errors, and the end result is a complete report that increases a favorable result with mortgage modification.
It is crucial that anyone who is doing forensic mortgage audits be well-qualified. Law firms and loan modification companies face liability if they fail to discover errors on mortgage documents that reasonable should have been caught.
The forensic loan audit is your best resource in obtaining satisfactory results with a loan modification. Do not trust just any company who claims to provide this service. It is well worth it to spend the extra money and have a certified forensic CPA, accountant or law firm perform this service.
This article was written by Ralph Mark Maupin, a real estate professional who has been in the industry for over 25 years. My Mortgage Auditor is the industry leader in forensic auditing and mortgage modifications to help people keep their homes. Their greatest asset is their reputation; their goal to help homeowners, attorneys and loan consultants negotiate a winning solution for all parties involved. http://www.mymortgageauditor.com serves consumers in Oakland, Wayne and Macomb Counties in South East Michigan.