Legal Question in Real Estate Law in California
Is it legal for a licensed real estate agent to offer forensic mortgage audit services for a fee?
1 Answer from Attorneys
Yes, but they probably can't take any money until they complete the project and I wouldn�t pay them anything until they complete the project anyhow. Hope they aren't charging you much because most of the people we deal with charge between $100 and $200 to do this. However why do you want a forensic audit and more importantly what are you going to do with the results? Are you hoping that this can help you get a loan modification? If so I would go talk to an attorney who does or did loan modifications rather than waste your money on a realtor who cannot do anything if there are some irregularities. You don't need a forensic audit to get a loan mod, you need good documentation, good numbers and a whole lot of patience. If you don';t want to pay an attorney to do a loan mod for you try one of the free services listed on the HUD website www.hud.gov.
Good luck and hope this helps.