Is a “forensic loan audit” a mortgage scam?
My husband was referred to a mortgage service company that charged an upfront fee to do a “forensic loan audit”. He was charged $ 495 up front and $ 100 a month until the fee of $ 895 is paid. The payment showed up on our bank account as a Pay Pal transaction which I thought was weird. This company is going to “audit” the mortgage contract to determine if any errors were made which would render the loan “null and void” and then supposedly use that as bargaining power with the lender to convince them to modify the loan and reduce the payment. We live in Florida. Also on the generic letter that my husband was given, the company misspelled their own name on the letter head and there are several spelling and grammar mistakes throughout. If anyone knows if this is a scam please let me know. Thanks