California Real Estate Fraud Report

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06
Oct

Forensic Loan Audit Firms Sued by Attorney General Brown

Attorney General Edmund G. Brown Jr. has filed a $60 million lawsuit against two Sacramento-area companies that scammed homeowners by promising to get them loan modifications if they used the firms’ forensic loan audit services.

[Note: “forensic loan audit” is one of those terms that has wormed its way into the English language but is very little than a marketing phrase.]

The two companies are US Loan Auditors and My US Legal Services and are based in Rancho Cordova. They, along with five persons, including two who are (at least for now) attorneys, worked as a team to defraud desperate homeowners by charging upfront fees without delivering anything of measurable value. One of the scams perpetrated by forensic loan audit companies is that their “forensic software” claims to find violations of the law by lenders, which inexplicably translates into the homeowners not having to make their mortgage payments. Additional fees are then tacked on so supposedly sue the lenders for predatory practices.

The natural persons being sued the Attorney General Brown are the owners: attorney and real estate broker James Sandison, Jeffrey Pulvino, and Shane Barker and their California attorneys, Sharon L. Lapin and Jonathan G. Stein. In a separate action, the California State Bar filed disciplinary charges against James Sandison for “the alleged misappropriation of clients’ funds and aiding the unauthorized practice of law.:

Read the Press Release by the California Attorney General’s Office.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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