US Loan Auditors, My US Legal Services are scams, state says

Updated
home loan modification companies are scams
home loan modification companies are scams

US Loan Auditors and My US Legal Services billed themselves as companies that can help homeowners who are victims of predatory lending, but they're now being sued for defrauding the same people they claimed to want to help.

In a $60 million lawsuit filed by California's attorney general, the two companies and five individuals reportedly marketed and sold "forensic loan audits" that convinced homeowners their lenders had violated the law. The companies charged homeowners upfront fees for the audits, told them to stop making mortgage payments and to file lawsuits against their lenders instead. Many of them ended up losing thousands of dollars and in some cases, their homes.

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