Jeff Greenberg

While it is widely known and blogged practically all over the internet that there are mortgage modification scams all over the country, it has come to our attention that at least a few of these scammers are now jumping into the forensic mortgage auditing business. Here are some rules of thumb to follow if you are looking for a solid forensic loan auditor.

Has anyone had a client receive a notice of conditional acceptance for a Principal Reduction from Bank of America? Any other national lenders? They are happening, I have some of them here in my office and I have a strong theory. We have researched a principal reduction negotiation shop with a couple of attorneys and a certified forensic mortgage auditor and a few CPA's that have negotiated 334 principal reductions over 24 months. These guys are under the national radar screen.

If you are facing foreclosure and or other debilitating and caustic financial challenges it is a time for careful reflection because the decisions you are in the process of making are going to have lasting effects on your credit FICO score, your ability to borrow money and the cost of money to you for years to come.