I recieved several calls from peoples first financial claiming they could help fix my home mortgage at a 5% interest rate for the life of the loan. SO decided to go through with them. The fees they claimed were $1,995 but there was a money back guarantee if i could not get a workout. They pressured me to get a down payment of $500 after i told them the fees were too much. I paid the down payment then later was told that since i was being financed out the fees were increasing to $2,995. The sales Josh Johnson repeatedly told me that the workout would be done within 30-60 days. After signing contract, saw that there was nothing written stating "Loan Modification" but only "Research and Analysis." What is research and analysis? After 30 days there were no updates and I was told to wait.
After 60 days there were no updates and they asked me for updated financials. Which means that nothing was done on my file for 2 months! After asking for my money back they told me there was nothing they could do until after word was heard back from my lender. I am now at the point where I have been waiting 90 days and have yet to recieve a workout. I would recommend not doing a loan modification through them as I can not even get in contact with my sales person Josh Johnson or my negotiator Maren Overstreet. I blame this either on a scam or incompetent business management. Whatever you do, do not go through a loan modification with Peoples First Financial. You are better off doing some research and going with someone else. I am no working with a much more competent and legitimate company in San Diego to go forward with my loan modification.
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