Insiders Experience with The Rigley Group and Loan Reduction Hero
Since the company began last January, and after several hundred contracts have been submitted, I have neither observed nor heard of any substantiated settlements for TRGs clients. The company actually has only been doing forensic audits and attempting loan reductions as they prefer to call their loan modification service since the first of 2011.
TRG has made many claims of successful outcomes and advertise a 90% successes rate. But nothing could be further from the truth. On cases they claimed to be actual successful settlements, later it came to light they were actually the results of other Loan Modification Companies.
As to the forensic audit that they are charging thousands of dollars upfront for, they use this to circumvent FTC regulations prohibiting charging upfront fees for loan modification services. These audits can actually be purchased for between $200-300 elsewhere, and in most cases will be equal to and/or even superior to those provided by TRG.
What I have witnessed with the notification of violations letter being presented to the lenders is the banks/lenders really dont care. No one is holding Banks accountable and a letter from The Rigley Group produces no results.
Many of the clients who retained TRG services earlier this year are now having their homes go into foreclosure or having actual auction dates set on them. Some have already lost their homes at trustee auctions. As an explanation as to why this happened, Darrell Rigley, CEO of the Rigley Group claims that the client did not follow his advice or recommendations, advice of which most of time was incorrect for the state that the foreclosure proceedings were taking place in.
Now that many of TRGs existing clients are having their homes go into foreclosure and trustee sale dates being set, TRG is asking for additional fees of $1495 plus $695 a month for a foreclosure defense.
It is particularly interesting that TRG is not offering this service in California. As anyone working with mortgage foreclosure issues in California must be registered. Their registration process requires the company providing foreclosure services to submit to the state all advertising material being used, and post a $100,000 bond. TRG has decided to operate in states that have no such requirements.
I sincerely wish TRG could have delivered on what they claimed. However, in the end they proved to be just another company taking advantage of someone elses hardships. I am filing complaints with the Florida Attorney General, California Attorney General and the Federal Trade Commission.
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