When I heard President Obama's speech on financial hardships I sent my financial information to several web sites. I was contacted by Fintech Services regarding a loan modification on my current mortgage. I am a single mother of 3 kids & my ex-husband's business went under which took away my child support. I was seeking to refinance at a lower interest rate to free up extra funds. I spoke with a fellow by the name of Cleair Cheatham who told me that I had been approved for a loan modification. I signed the contract and had to pay $500.00 on 4/24/09 up front. I then paid a second fee of $400.00 on 5/8/09. Mr. Cheatham also recommended I get behind on my mortgage to help prove my financial hardship.
I also was informed that I was able to a debt resolution on 3 credit cards that I was struggling to pay. I was then transferred to A. Cappello. Mr. Cappello drew up a contract that stated that there would be a trust account set up with Rocky Mountain Bank.instead to paying the creditors on 6/8/09, I paid $405.00 that was my first installment in my trust account. Once the trust account built they would contact the creditors and negotiate a lower payoff.
I am now two months behind on my mortgage & credit card accounts. I plan to seek legal action & I still have to deal with the back pay owed on my mortgate & credit accounts.
Dana
0 comments