DO NOT USE THESE GUYS!

THEY ARE ALL HYPE, FOLLOWED BY NO RESULTS!

BASED OUT OF SUNNY MARINA DEL RAY, CALIFORNIA. HERE YOU HAVE A COMPANY THAT EMPLOYS SOME OF THE MOST UN-PROFESSIONAL AND UN-TRAINED STAFF (SOME OF THEM EVEN USE PROFANITY WHEN YOU TALK TO THEM OVER THE PHONE) I HAVE EVER DONE BUSINESS WITH, TO NEGOTIATE THE FATE OF THE ROOF OVER YOURS AND YOUR FAMILIES HEAD.

THEY ARE NOT A LEGITIMATE REAL ESTATE LAW FIRM AND BASICLY CHARGE YOU A $2500 UPFRONT FEE FOR SOMETHING YOU CAN DO ON YOUR OWN AND MUCH QUICKER THRU YOUR LENDER BY DEALING WITH THEM DIRECTLY.

IF YOU HAVE THE LUXURY OF PAYING SOMEONE $2500 TO MAKE A COUPLE OF PHONE CALLS FOR YOU, ONLY TO BE PUT ON HOLD FOR 10MINS AND FAX YOUR INCOME DOCS INTO YOUR LENDER, THEN I THINK YOU DONT REALLY QUALIFY FOR A LOAN MODIFICATION TO BEGIN WITH.

CHECK THIS LINK:

http://losangeles.injuryboard.com/miscellaneous/fbi-beware-of-foreclosure-modification-scams.aspx?googleid=250258

I’ve heard of horror stories where homeowners try a Loan Mod without any type of help and they end up irritated and frustrated.

The government’s program typically gets 1 – 2 percentage points shaved off homeowners mortgage. Our system has experienced 5 – 7 percentage points because the homeowners are educated and counseled with their workout package and negotiation with the bank.

On a different note – about a week ago I received a letter from a Loan Mod company that attempted to make their letter look like an official government document! I could not believe that someone would stoop to defrauding the public in that manner. You had to really look at the letter closely to tell that it was not from the government. Then to make matters worse I received a call today from a Direct Mail marketing company wanting me to consider their service. I had them email me some information. They included an image of the letters that they send out for Loan Mods. I couldn’t believe what I saw! It was almost the same letterhead!!! The address on the top of the letter was Washington, DC. I don’t live in Washington DC! There is NO WAY I would even come close to considering using this tactic!! If you can’t be truthful and upfront about your company and product then you need to take your slimy self somewhere else! These people need to stop taking advantage of distressed homeowners! I always advise my customers on the existence of the free government program and HUD approved counselors. If they still prefer to purchase my system then I interview them to determine whether they are really a good candidate for a Loan Mod. If another solution is better for them then I will tell them. There have been cases where I didn’t make a penny but I still helped the homeowners either sell the property or structure a Lease Purchase for a tenant/buyer and the homeowner makes a little bit of money each month.

All of the Real Estate Investors that I know truly care about helping homeowners in distress. We need more investors like that so that the public and government agencies stop looking at us like we’re preying on the weak!

In Washington state, the AG’s office only see investors as people “trying to make money off of someone’s foreclosure.” They have no concept of investors providing a good and valuable service that actually helps the homeowner.

As such, it’s either a free service to the homeowner, or you took advantage of them and they’re now victims. Completely and totally absurd, but that’s how they see it.

Joe Kaiser

http://www.ibtimes.com/prnews/20090427/attorney-general-rob-mckenna-bogus-foreclosure-rescue-scam.htm

I’m on Jerry’s side here.

One of the main reason distressed homeowners lose their homes is because they do not understand the loan modification application process, they will most likely fail to recieve a loan modification from their lender.

While some lenders’ loss mitigation reps really do WANT to help homeowners, they are under pressure and obligated by their job discriptions to mitigate the situation so the “company” gets the best outcome; not the homeowner or even the investor who owns the mortgage note.

ADVANCE FEES? Most sub-prime borrowers need a third party advocate. In spite of what the liberal media and the government are telling us, there aren’t enough trained loss mitigators to cope with the onslaught of homeowners seeking assistance, ergo, you have unscrupulous attorneys fronting loan modification scams that do indeed take an average of $3,000 from hapless homeowners leaving them high and dry for companies like mine clean up the mess. And we do clean up the mess.

Unfortunately, we do have to collect a fee deposit in advance of loss mitigation case completion or we would never get paid. An awful lot of work goes into every home retention solution. Just collecting the required documentation from homeowners is a chore as most are just too palin apethic to give a damned beyond lip service to their plight. You have to remember; some, not all, sub-prime borrowers have a track record of not paying their bills. Why should they pay me once I fix their problem.

I am in favor of everything and anything that can help homeowners complete a proper application in order to obtain a loan modification, repayment plan or pre-foreclosure/short sale.

$1,000 for a software program or service that actually works is a bargain when you consider the alternative.

Kent

I represent a Do-It-Yourself Loan Modification Software that has a support company available for answering questions. Since the product is a software being sold for $997 and the homeowner performs the service themselves a fee is required upfront. I am not providing a service; I’m providing software. Unfortunately, President Obama and Geithner are not aware of products such as mine so they give no mention of safe alternate solutions.

Does all of this fearmongering coming from President Obama and Geithner really help the economy? Yes, there are scam artists out there and they should be prosecuted severely for preying on homeowners in distress. However, President Obama has stated himself that the goal of his program is to help 9 million distressed homeowners. The latest statistics are now showing that there could be as many as 24 million foreclosures before the end of all of this. Where are those 15 million homeowners going to get help?

As a Christian and a moral person I always advise my customers of the free government programs available. I couldn’t sleep at night knowing that I did not inform my customers of all their options. That is one reason why I am a Real Estate Investor – to provide creative solutions to distressed homeowners. I’ve had many homeowners who have opted for a Short Sale instead of a Loan Modification. Sure, I may lose sales to the free government programs but my only wish is for the homeowners to get the best solution possible and save their home and/or their credit.

Therefore, in conclusion I just wish that we would hear “the rest of the story” – as the late great and fellow Tulsan Paul Harvey would say.