| Consumer Education Network |
| Forensic Loan Audit Scam |
| 24th of Jul, 2011 by Frank Doing It Right |
aka First Family Justice Center aka Consolidated Litigation Alliance aka Mass Litigation Alliance.
www.americanhomesavers.net
888-803-9084
Santa Ana, CA
BEWARE!!!!!!
Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud
Fraudulent foreclosure rescue professionals use half-truths and outright lies to sell services that promise relief to homeowners in distress. According to the Federal Trade Commission (FTC), the nations consumer protection agency, the latest foreclosure rescue scam to exploit financially strapped homeowners pitches forensic mortgage loan audits.
In exchange for an upfront fee of several hundred dollars, so-called forensic loan auditors, mortgage loan auditors, or foreclosure prevention auditors backed by forensic attorneys offer to review your mortgage loan documents to determine whether your lender complied with state and federal mortgage lending laws. The auditors say you can use the audit report to avoid foreclosure, accelerate the loan modification process, reduce your loan principal, or even cancel your loan.
Nothing could be further from the truth. According to the FTC and its law enforcement partners:
there is no evidence that forensic loan audits will help you get a loan modification or any other foreclosure relief, even if theyre conducted by a licensed, legitimate and trained auditor, mortgage professional or lawyer.
some federal laws allow you to sue your lender based on errors in your loan documents. But even if you sue and win, your lender is not required to modify your loan simply to make your payments more affordable.
if you cancel your loan, you will have to return the borrowed money, which may result in you losing your home.
If you are in default on your mortgage or facing foreclosure, you may be targeted by a foreclosure rescue scam. The FTC wants you to know how to recognize the telltale signs and report them. If you are faced with foreclosure, the FTC says legitimate options are available to help you save your home.
Spotting a Scam
If youre looking for foreclosure prevention help, avoid any business that:
guarantees to stop the foreclosure process no matter what your circumstances are
instructs you not to contact your lender, lawyer or credit or housing counselor
collects a fee before providing any services accepts payment only by cashiers check or wire transfer
encourages you to lease your home so you can buy it back over time
recommends that you make your mortgage payments directly to it, rather than your lender
urges you to transfer your property deed or title to it
offers to buy your house for cash at a fixed price that is inappropriate for the housing market
pressures you to sign papers you havent had a chance to read thoroughly or that you dont understand.
Finding Legitimate Help
Housing experts say that when youre behind on your mortgage payments, maintaining communication with your lender is the most important thing you can do. Contact your lender or servicer immediately if youre having trouble paying your mortgage or you have received a foreclosure notice. You may be able to negotiate a new repayment schedule.
Call 1-888-995-HOPE for free personalized advice from housing counseling agencies certified by the U.S. Department of Housing and Urban Development (HUD). This national hotline open 24/7 is operated by the Homeownership Preservation Foundation, a nonprofit member of the HOPE NOW Alliance of mortgage industry members and HUD-certified counseling agencies. For free guidance online, visit www.hopenow.com. For free information on the Presidents plan to help homeowners, visit www.makinghomeaffordable.gov.
To learn more about home mortgages and other credit-related issues, visit www.ftc.gov/MoneyMatters. This site offers short, practical tips, videos, and links to reliable sources on a variety of topics from credit repair, debt collection, job hunting and job scams to vehicle repossession, managing mortgage payments and avoiding foreclosure rescue scams.
Reporting Fraud
If you think youve been dealing with a foreclosure fraudster, contact:
Federal Trade Commission www.ftc.gov
Your state Attorney General www.naag.org
Your local Better Business Bureau www.bbb.org
The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. Watch a video, How to File a Complaint, at ftc.gov/video to learn more. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. |
|
|
|
|
I was solicited by American Home Savers because a notice of default was filed. They say that if I pay $3, 000 to Royal Korp Alliance, they will quarentee that they can postpone the "sale" at least 8 months. If I supply them with all the paperwork ie, 1003 Loan App, title, loan docs etc... they will run a ferensic test and see if the lender made any mistakes 5 years ago. They then will file a legal action (I have to pay for the filing fee $300-400) and that will slow down the lenders ability to get my house. The two entities they report are Consumer Education Network @ 900 W, 17th St Ste.D Santa Ana, CA.92706. Also the Royal Korp Alliance, UBI # XXXXX which says that they will refund my prepaid fee if I don't get at least 8 months. I searched the companies and agent names and it was all dead ends or pay money to get reports. BBB said none were listed with them. Google was little help. I smell a rat but the paper work and names and a copy of the law suit(with names redacted) could be plausable. The guarentee looks fraudulent with some cheap seal and a spelling error. This sounds like "60 Minutes" material. I'm a real estate broker for over 37 years and I have helped people to get loan modifications(no charge) but I generally get the listing for the short sale if I cannot get them modified. I've done at least 9 of these short sales and I hear all the scams from everyone. This is a new one to me. Any pre-paid fee deal is dubious. Michael Freiburger Thanks
Submitted: 31 days and 17 hours ago.
Category: Certified Fraud Examiner Value: $38 Status: CLOSED Posted by Eli 31 days and 17 hours ago. Response From Expert Hello,
Welcome to JustAnswer and thank you for the opportunity to assist you. Please remember that there might be a delay between your follow up questions and my answers because I may be helping other clients or taking a break.
So if I understand correctly, American Home Savers are asking you to pay to Royal Korp Alliance?
31 days and 16 hours ago. Customer Reply Actually I would make a check payable to Consumer Education Network. They give all the paper work to Royal Korp Alliance Inc., which runs the audit to see if there were any errors on loan docs, MERS etc. Then they will write up the suit that is to be filed. I get that and file it and pay the fee approx300-400 and that then ties up the lender for 8-12 months. Even if Aurora Loan Services, did everything right and they do have the right to file the "NOD" (4-25-11) it is my assumption that they will not be able to hold the Trustee Sale until the issue is resolved. American Home Savers is just the middleman. AMS did say that a less pendis would be filed? I know that means a legal action is pending but is that another fee or is that considered the action they will give me to file. SideNote: I'm looking at the Royal Korp Alliance membership application. Simple questions, name, SSN, date of birth etc. then at the bottom... disclaimers and signatures, it says "All fees paid to Royal Korp, Consumer Education Network and its Affilates (affilates is spelled that way on their form) are non refundable. Royal Korp guarantees to delay the sale of your property."In the 2 page guarentee letter it does say" RKA will implement and execute a stay for a minimum of 8 months" Are we having fun yet? Thanks Michael Freiburger
Posted by Eli 31 days and 16 hours ago. Expert's Answer Both AHS and ARA have very little presence on the web, which is an immediate red flag. They do seem to be legitimate companies, but this is simply too convoluted. Although I cannot point to any fraud in the past, I would strongly advise not to go through with this - this simply smells fishy here. I would pass.
Read more: I was solicited by American Home Savers because ... - JustAnswer http://www.justanswer.com/1avm-certified-fraud-examiner/56896-solicited-american-home-savers-notice.html#ixzz1T7geG661 |
|
|
|
THANK YOU for posting this!!! We are in dire straits with our home and were contacted by "Eugene Goldman" of First Family Justice Center. What we were told and then presented were totally different so we passed on sending in monies after reading the contract, which looked like a cheap, plagiarized copy written/edited by a high schooler. People who prey on the weak and scared have no sense of morality or humanity. I hope this post will save other homeowners the last of their money.
I am sure these folks will meet their maker at some juncture... |
|
|
|
You are an idiot if you give these crooks one penny. They did absolutely NOTHING for us but take $2500 and give us false hope and promises. A new "specialist" handled our account EVERY time we called. No address listed--Red Flag! Not registered with CA D.R.E.--Red Flag!! Owners and ties to other organizations with VERY questionable backgrounds--WHO ARE NOT LICENSED--RED FLAG!!!
They make a new name for themselves and move locations every other day. Would you go work for someone or do business with someone who posts ad's like this:
Legal Marketing Sales (Santa Ana) [Tue, 28 Jun 11 15:35:51 -0500]
National Legal Marketing Company. We plan anon with the law group. We are searching for cocky motivated humans accommodating to excel with accomplished SALES skills. Who can consistently beat claimed sales targets/quotas! Debt settlement, Loan Mod, Mortgage or banking casework acquaintance adopted but not required. All sales backgrounds are encouraged to apply. Our Legal Marketing Team is currently gluttonous PROFESSIONAL, TALENTED, TOP PERFORMING Sales Representatives for locations in the Santa Ana and Encino..
PRIMARY RESPONSIBILITIES
Present and advertise aggregation casework to accepted and abeyant clients.
Plan with administration to adapt activity affairs and schedules to analyze specific targets and to activity the amount of contacts to be made.
Follow up on new leads and referrals consistent from sales calls
Generate leads
Analyze sales affairs and acquaintance these and added accounts as assigned
Adapt presentations, proposals and sales affairs
Manage annual casework through superior checks and added aftereffect
Identify and boldness applicant apropos
Prior sales acquaintance is not appropriate but is preferred.
To agenda an account amuse alarm Jack 719-221-4665
Must be adequate accomplishing Inbound blast sales.
THANK GOD we did further research, filed appropriate complaints, and now wait for them to reimburse us. STAY AWAY! |
|
|
Post your Comment
|
|
|
