Phony Audits: A New Twist on Foreclosure Rescue Scams

For Your Information

If you are facing default on your mortgage or foreclosure on your home, watch out for the latest scam:  phony “forensic mortgage loan audits.”  Con artists claim that for an upfront fee, their audits can help you hold onto your home.  Don’t believe them.

In a new consumer alert, Forensic Mortgage Loan Audit Scams:  A New Twist on Foreclosure Rescue Fraud, the Federal Trade Commission provides consumers with information and legitimate resources to help save their homes. 

To read the alert and learn more about how to spot and avoid forensic mortgage loan audit scams, go to:  http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt177.shtm.

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.  To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357).  The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 1,800 civil and criminal law enforcement agencies in the U.S. and abroad.  The FTC’s Web site provides free information on a variety of consumer topics.

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(FYI forensic scams)

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