I got a mailer that looked like it was a 1099 or tax item. It has all the look and feel of a 1099 in fact they even went to the trouble to put “FORM 1012-R, Litigation Notification” on the mailer (red flag #1).
It turned out to be a solicitation for Litigation Alliance. They claimed they were filing a “Mass Joinder Case” against my mortgage lender. My loan is current but like other my house is worth a little less than I owe. Since I am considering selling my house soon as a short sale I decided to call them. I called the number on it and I got a recording. I left 2 messages but no returned calls (red flag #2).
On the recordings they encourage you to go to their web site and fill out a very short form and they would call. I did this and in about 2 hours I got a call for someone. I was in a meeting and I asked if I could call back in 20 minutes. They said no they would call me back (red flag #3).
Well surprise surprise they never called back. I spoke to other people that got this “1012-R Response Required” form and they all say this is a Loan Mod company pretending to be a legal company working on a class action suit. Apparently I am not their target since my loan is current and I am not desperate to throw money at them so I will not expect a call back ever.
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