California attorney general Jerry Brown and others are warning homeowners that are late on their loans to avoid the latest ploy to grab their money: services charging upfront fees for a forensic review of a lender's practices. According to a report in The Orange County Register a forensic review does not necessarily help in avoiding foreclosure. The warning comes from AG Brown, the California Department of Real Estate and the State Bar of California. "Forensic loan audits are yet another phony foreclosure-relief service hawked by loan-modification consultants trying to cash in on the desperation of homeowners facing foreclosure," Mr. Brown said. "The foreclosure-relief industry continues to be long on promises, but short on results."
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