Thursday, July 28, 2011

Mortgage Securitization Scams Add to Homeowners' Woes

Masquerading under the impressive-sounding title of a "mortgage securitization audit," a new scam is bleeding financially-pressured homeowners out of their dwindling funds.

Also sometimes simply called a "mortgage audit" or a "forensic document review," the service supposedly combs through all of the documents relating to a mortgage, looking for mistakes or even frauds in those documents.

The purported aim is either to help homeowners escape foreclosure or to strengthen their case for a loan modification, which will ease their repayments.

Click here to read the full article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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