RESTON, VA, January 10, 2011 (Press-News.org) When the mortgage crisis hit American homeowners full-force, companies offering "foreclosure rescue" and "loan modification" companies sprouted like weeds. Most promised troubled homeowners quick fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and closer to homelessness.
The new flood of loan audit companies is fueled by the spread of loan modification companies in an attempt to side step the upfront fees that the states have prohibited these companies from charging. They're the proverbial "wolf in sheep's clothing."
Mortgage Fraud Examiners is a project of Lex Consulting, LLC http://www.instantlawpartner.com. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained attorneys, was created to provide borrowers and the legal community with comprehensive assistance to help them keep them in their homes.
Mortgage Fraud Examiners CEO Storm Bradford explains: "Although forensic examinations of mortgage transactions can be of substantial value to a homeowner, regrettably, most companies providing these so-called 'loan audits' are nowhere near qualified to do so. They are performed and sold by persons with no legal training, such as, former real estate agents, mortgage brokers, or loan processors, who input data into some software program. The "audit" is a useless checklist of the documents provided to the "auditor," with no information about the legal implications of the documents. It's that old adage on computer software: 'Garbage-in, garbage-out.' We do our forensic examinations mostly for attorneys and their clients. Knowledgeable attorneys are going to spot a scam 'audit' a lot quicker than a layperson. We have to provide services that withstand the scrutiny and demands of a trained legal eye. You need a specific and unique legal knowledge to do a forensic examination of a mortgage transaction; a ten-minute software audit is no substitute for three years of law school. We're legal professionals looking for things that software can't find, besides, we know what to look for!"
"A true forensic examination inspects the homeowners' appraisal, mortgage and supporting documents, in the context of the dealings surrounding the creation of those documents, so legal experts can discover legal defenses a homeowner can use to avoid foreclosure."
Jonathon Moseley, an attorney specializing in foreclosures, employs the services of Mortgage Fraud Examiners explains, "Mortgage Fraud Examiners helps me identify contract defenses, torts, regulatory violations and other types of legal anomalies. The value of a thorough examination of the mortgage transaction is that the examination is done right -- with legal accuracy and depth. Unfortunately, cheap imitators must be avoided. A simplistic, software-based forensic audit by individuals with no legal training defeats the whole purpose: Careful analysis of the whole transaction, to include an analysis of the appraisal is needed to prepare a legal defense. The first step in any contract dispute is to see if the contract is legally valid. Too many lawyers never check whether the mortgage is even legally enforceable before rushing in to tackle a foreclosure. Spending money on one of these so-called forensic audits is entirely wasted because it takes a thinking legal professional to find defects in a mortgage transaction."
How does a consumer spot a legitimate loan auditor from an untrained one? "Ask the right questions," Bradford advises. "Ask how they do they conduct the audit- is it software, or are there specifically trained attorneys spending real time examining the documents looking for contract defenses and tortious conduct? If they're not performing a forensic appraisal that should be a clue. We find appraisal fraud in eight out of every ten mortgage transactions we examine. Be wary of the scammers claiming to be 'Attorney backed,' or they're 'certified loan auditors.' Either legal professionals are performing the examinations, or not, and there is no schooling or certification process to becoming Joe the Auditor. Someone could have been a ditch digger last week and doing 'audits' this week. Be careful with a 100% guarantee. What are they REALLY guaranteeing, what are the loopholes? Homeowners need to be careful.
"There really are many legal options available to homeowners facing foreclosure," Bradford concludes. "But there are no shortcuts to finding them. Every claim has unique facts, every claim has different applicable law, and only a legal professional is going to find the answers to help each individual borrower stay in their home."
Contact: Mortgage Fraud Examiners
Phone: 800-540-EXAM (3926)
http://www.MortgageFraudExaminers.com
Mortgage Fraud Examiners the investigative firm that exposes fraud and scams in the mortgage industry.
Mortgage Fraud Examiners Warns To Beware of The Latest Foreclosure Scam-Forensic Loan Audits
Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams, the "criminal loan modification trap" and the Mortgage Elimination scam is now warning the public of this latest scam.
2011-01-10
ELSE PRESS RELEASES FROM THIS DATE:
Florida State Hispanic Chamber of Commerce Announces New Partnership with E-Myth Spanish
2011-01-10
Florida's economic recovery depends on the success of small businesses in all corners of our great state. The Florida State Hispanic Chamber of Commerce, "FSHCC" is pleased to welcome its newest Corporate Member, E-Myth Spanish, the Spanish edition of the worldwide company behind the ultra-successful, small business book "The E-Myth Revisited - Why Most Small Businesses Don't work and What to Do About It", by world renown small business revolutionary and speaker, Michael Gerber.
"It was decades of hands-on experience that inspired the book, and it is our day-to-day ...
3D Photographic Simulation at Cosmetic Surgery Specialists of Memphis, PLLC Brings a New Dimension to Plastic Surgery in Memphis and the Mid-South
2011-01-10
If you are one of the hundreds of thousands of Americans considering cosmetic surgery each year, Cosmetic Surgery Specialists of Memphis, PLLC has some great news for you. Recent advances in three dimensional (3D) photography combined with a revolutionary new software now allow you to preview what you may look like with breast augmentation, liposuction, body contouring, facial procedures and more, BEFORE undergoing the actual procedure.
This is made possible by using the most advanced 3D camera in the world - the VECTRA 3D and Sculptor software which were developed by ...
Video Resume Service from TalentRooster Brings New Hope to Thousands of Job Seekers in 2011
2011-01-10
TalentRooster (http://www.talentrooster.com), the world's leading video resume service, today announced that video resumes and social media are rapidly growing methods job seekers are using to find work. More and more job seekers are adding video resumes to their social media arsenals, uploading this powerful tool to their social network profiles.
Lauren Newman, Communications Coordinator for Adams & Garth says a video resume can make all the difference, "You could have two paper resumes -- one may look fabulous, the other average. An employer could very easily overlook ...
Colonoscopy Prep App from WellApps Released for iPhone and Android Smartphones
2011-01-10
WellApps, LLC, developer of GI Monitor for Crohn's and Ulcerative Colitis, announced today the release of Colonoscopy Prep Assistant. During the portion of colonoscopy preparation when a patient ingests a liquid laxative, Colonoscopy Prep Assistant tracks the number of glasses completed and time between glasses, notifying the patient when it's time to drink their next glass. The app is available for free in iTunes and the Android Market.
As an Ulcerative Colitis patient, Brett Shamosh, Co-Founder & CEO of WellApps, LLC, is at a higher risk for colon cancer and undergoes ...
Igloo-shaped 'Poo-Gloos' eat sewage
2011-01-09
SALT LAKE CITY, January 10, 2011 – Inexpensive igloo-shaped, pollution-eating devices nicknamed "Poo-Gloos" can clean up sewage just as effectively as multimillion-dollar treatment facilities for towns outgrowing their waste-treatment lagoons, according to a new study.
"The results of this study show that it is possible to save communities with existing lagoon systems hundreds of thousands, if not millions of dollars, by retrofitting their existing wastewater treatment facilities with Poo-Gloos," says Fred Jaeger, chief executive officer of Wastewater Compliance Systems, ...
Brand New Site Piano For Beginners Online Launched Highlighting Benefits of Music for Music Lovers
2011-01-09
A new fun, fresh and entertaining approach to offering insight into the benefits of music, particularly those learning piano/keyboard has finally been developed. Highlighting the affects music has on the developing brains of young people, and ongoing effects for anyone involved in music, throughout their life is presented on a new website http://www.pianoforbeginnersonline.com.
The website has articles on the benefits of music, fun piano facts, and updates on the affects music has on the brain, which is confirmed by recent brain research. The history of piano section ...
International Best Selling Author Dr. John Demartini to Speak in Phoenix Next Week
2011-01-09
Dr. John F. Demartini is an international speaker and author who travels the world. He's been seen on CNN's Larry King Live Show, featured in Oprah's O Magazine and in the hit movies Oh My God http://www.omgmovie.com/ and The Secret.
Demartini is a world renowned human behavioral specialist, author, educator and an international authority on the power of the mind to maximize human potential. For the past 36 years he has studied in-depth, the connection between mind, body and healing.
His newest book is called Inspired Destiny is based on a program originally developed ...
TattooedAxe.com Launches a New Look For A New Line of Handcrafted Cigar Box Guitars
2011-01-09
TattooedAxe.com, located in Phoenix, Arizona designs and builds funky handcrafted guitars. Constructed from re-purposed, recycled, and up-cycled materials these guitars are not overly fussy. Each one is purposely designed so that no two instruments look or sound alike. Once the final construction is complete every guitar is tattooed with its own signature piece of hand painted artwork.
Merging Mexican folk art with an urban attitude these guitars are built to be played but also to be admired for their artwork and place in history. The new line will also include hand ...
Lion Int. Leasing Offers Car Leasing To Expats With No Credit Score
2011-01-09
Many foreign companies are investing large sums of money in the U.S. in hopes of achieving success; success that will create new jobs and revenue for the country.
For the employees of these foreign companies, whom are expatriated to the U.S. to expand their business into the U.S. market, are facing major obstacles. When they want to settle into their new U.S. surroundings, they cannot get any credit due to lack of a U.S. credit score.
That includes credit card, home loan, car loan, telephone and insurances, as most U.S. companies have very strict credit policies ...
Artistic Cosmetic Solutions Chosen as Best of the West for Permanent Makeup
2011-01-09
Artistic Cosmetic Solutions received the distinction of being named "Best of the West in Permanent Makeup" for the three Orange County cities of Garden Grove, Stanton, and Westminster, CA.
Twelve years ago the Garden Grove Journal started a contest asking readers to tell what they thought were the best restaurants, stores, and services in Garden Grove. After a year's absence in 2009, the contest expanded to include Stanton and Westminster and was renamed "The Best of the West" referring to all three cities.
Artistic Cosmetic Solutions strives for excellence in permanent ...
LAST 30 PRESS RELEASES:
Evolution of fast-growing fish-eating herring in the Baltic Sea
Cryptographic protocol enables secure data sharing in the floating wind energy sector
Can drinking coffee or tea help prevent head and neck cancer?
Development of a global innovative drug in eye drop form for treating dry age-related macular degeneration
Scientists unlock secrets behind flowering of the king of fruits
Texas A&M researchers illuminate the mysteries of icy ocean worlds
Prosthetic material could help reduce infections from intravenous catheters
Can the heart heal itself? New study says it can
Microscopic discovery in cancer cells could have a big impact
Rice researchers take ‘significant leap forward’ with quantum simulation of molecular electron transfer
Breakthrough new material brings affordable, sustainable future within grasp
How everyday activities inside your home can generate energy
Inequality weakens local governance and public satisfaction, study finds
Uncovering key molecular factors behind malaria’s deadliest strain
UC Davis researchers help decode the cause of aggressive breast cancer in women of color
Researchers discovered replication hubs for human norovirus
SNU researchers develop the world’s most sensitive flexible strain sensor
Tiny, wireless antennas use light to monitor cellular communication
Neutrality has played a pivotal, but under-examined, role in international relations, new research shows
Study reveals right whales live 130 years — or more
Researchers reveal how human eyelashes promote water drainage
Pollinators most vulnerable to rising global temperatures are flies, study shows
DFG to fund eight new research units
Modern AI systems have achieved Turing's vision, but not exactly how he hoped
Quantum walk computing unlocks new potential in quantum science and technology
Construction materials and household items are a part of a long-term carbon sink called the “technosphere”
First demonstration of quantum teleportation over busy Internet cables
Disparities and gaps in breast cancer screening for women ages 40 to 49
US tobacco 21 policies and potential mortality reductions by state
AI-driven approach reveals hidden hazards of chemical mixtures in rivers
[Press-News.org] Mortgage Fraud Examiners Warns To Beware of The Latest Foreclosure Scam-Forensic Loan AuditsMortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams, the "criminal loan modification trap" and the Mortgage Elimination scam is now warning the public of this latest scam.