Today’s Bottom Line column:
Money lost in a scam is usually money lost forever. Mari Merwin of New Britain, a victim of a “mortgage audit” scam, now knows that’s not always true.
In a Bottom Line column last December, Merwin described how she paid $299 to the Mortgage Auditing Program, Division of Consumer Services, in Utah, to analyze her mortgage.
She’d get the money back, she was told, “if my mortgage payment was not miscalculated.”
The Federal Trade Commission warned consumers earlier that year about the uselessness of forensic audits, “even if they’re conducted by a licensed and trained auditor, mortgage professional or lawyer.”
Thanks to Merwin, TBL readers learned the dangers of the mortgage-audit scam. It appeared too late to help Merwin because the company behind the scam, AMT Auditing Services, was out of business. But then the Utah Department of Commerce read about Merwin and called.