I saw an advertisement on TV from this firm that indicated they could modify my home loan to a lower interest rate. At the time I was current with my mortgage firm. During the initial telephone contact, the NLA individual informed me that if I was late or behind on my payments, I had a better chance of a loan modification.in fact, I was told, the further behind, the better and easier the negotiations would be. But to start, I would have to make three consecutive payments of $1000.00 to NLA that would be placed in an escrow account to show my mortgage company that I intended to keep up the payments after the new loan was negotiated and approved. I was sent forms to complete, wrote a hardship letter, submitted everything the NLA asked for. Whenever I called for updates, I was informed that I was not to worry because "I would not lose my home".in more that one conversation and email and FAX, I informed the NLA that I was getting "Yancy" and intended to resume my normal monthly payments, but was then told again, not to do so as it would impede the negotiations. So I did as told. Finally, I started investigating the NLA on my own, thru BBB and GOOGLE. I learned from GOOGLE that I was the victim of a scam. Now, how do I get back on good terms with my mortgage company? I have kept a file of every email, fax, form, etc., that was sent between myself and the NLA.
I am now five months behind and am in direct talks with my mortgage company to try to make up for those missed payments. I know it is really my fault, but I made the ultimate mistake of trusting first and checking later. Has anybody got any suggestions? What can or should I do? Do I have legal recourse? I do need help!!! And, for what it is worth, IF the mortgage will allow me to do so, I can double up on my payments and be caught up by the end of this year.
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