Forensic Loan Audits – Debunked and Demystified

``When researching loan modification companies or attorneys, one will often see a reference to the firm doing a “Forensic Loan Audit” of your documents. It is claimed that the audit will “discover violations of TILA/RESPA, find fraudulent misrepresentation, and identify the terms of your loan, fees and other “pertinent” information. Then, you should take the audit to an attorney who can use it to achieve a loan modification, or file a lawsuit. What does this mean? Is it valid? What is the real story behind audits? This article will try and clear up the subject for better understanding.''