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The scamming of desperate homeowners continues.
State officials say a law passed last year to strike down bogus loan modification firms hasn’t deterred scam artists who have shifted to other forms of “phony” foreclosure relief.
The law made it illegal to collect an advance fee for negotiating a loan modification. Now, regulators are warning about “forensic loan audits,” in which homeowners pay up-front fees for a review of their lender’s practices.
Read more: Scams shift from loan modifiers to forensic audits – Sacramento Business Journal
