- Report: #1001260
Report - Rebuttal - Arbitrate
Complaint Review: Certified Forensic Loan Auditors, LLC
Certified Forensic Loan Auditors, LLC13101 West Washington Blvd., Suite 140 Internet United States of America
Certified Forensic Loan Auditors, LLC FTC says the Mortgage Securitization Audit business is a scam. Refused to give deposit back. Internet
*Author of original report: Sertified Forensic Loan Autitors is a scam
*UPDATE Employee: CFLA hosts State Bar Sponsored Courses
Wasted my money and my time!
I paid $3,000 to attend the securitization audit seminar a few months ago and the person teaching the class was totally unprepared. Hesimply read from a book and you could not hear what he was saying. He had nooutline, no material to hand out and when it came time to take the test, and the material on the test was very little that he taught on. In fact I took the exam but was unable tocomplete of it. They told us that we would know at the end of the seminar if we passed or not. More than one month passed and I did not hear from anyone so I complained about the class and demanded my money back because I learned absolutely nothing and was unable to use any of the material that was given or taught during the seminar. It was a total waste of time AND LATER LEARNED THATMOST MORTGAGE SECURITIZATION AUDITS WERE SCAMS. I went to this seminar because I thought I could help the homeowner but later found out that this business simply bleeds the homeowner of needed funds, giving them false hope and they ultimately wind up losing their homes in foreclosure. I urge anyone that considers paying and attending this seminar to ask how many people actually go on and use this material successfully and make a business out of it and actually help the troubled homeowner save their home.
The material taught, in my opinion, at least in the seminar that I attended was not beneficial at all. It not only cost me transportation, a hotel and meals, and the time away from my job (a big loss and waste of time).
Do not fall for this seminar. GOOGLE SECURITIZATON AUDIT SCAMS. The following is the one of the first things you will find when searching Mortgage Securitization audit scams.
Masquerading under the impressive-sounding title of a "mortgage securitization audit," a new scam is bleeding financially-pressured homeowners out of their dwindling funds.
Sometimes simply called a "mortgage audit" or a "forensic document review," the service supposedly combs through all of the documents relating to a mortgage, looking for mistakes or even frauds in those documents.
The purported aim is either to help homeowners escape foreclosure or to strengthen their case for a loan
modification, which will ease their repayments. That sounds like a pretty good idea, except for two things:
Many so-called mortgage securitization companies actually do nothing at all but collect a couple thousand dollars from their victims.
Or maybe, they'll produce an impressive looking set of documents that are actually publicly available and have no legal value.
The Federal Trade Commission (FTC), the nation's consumer watchdog, has publicly denounced the use of mortgage audits, even if they're done properly and legally.
This report was posted on Ripoff Report on 01/22/2013 01:23 PM and is a permanent record located here: http://www.ripoffreport.com/r/Certified-Forensic-Loan-Auditors-LLC/internet/Certified-Forensic-Loan-Auditors-LLC-FTC-says-the-Mortgage-Securitization-Audit-business-1001260. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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