Like most home owners today we take pride in our residence. This, to most people in the middle income strata of society is our crowning accomplishment. Unfortunately there are banks that only care about one thing, how badly they can screw you with out you even realizing it till it's to late. You only realize this when the economy takes a down turn. That's when you look for help. Presto here comes a company, Federsl Loan Modification LLP out of athe great state of California. They should be called Bend Over & Grab Your Anckles 'cause here it comes. Let me explain.
I am in the automotive industry which we all no has taken an enormous hit. My income has decresed by almost 50%. We have done what most families have done and borrowed on credit cards just to survive hoping that this would be short lived and then things would hopefully geet back to normal. Well as you no it hasn't.
So we look for reliefe to the " Professtionals" to help us. Federal Loan Modification LLP has a great ad and when you call them the people that pitch there company to you sound very professtional. They do not deliver anything that they say they are going to do. They charge $3000.00 of which you have to pay $1500.00 up front and the balance when they send your paper work out to the bank.
I figured this was a high fee but if they could save our home without going into forclouser thenit was well worth it. They do not deliver. I was bounced around to five different loan processors in their organization. They did the same thing that you as an individgual could of done. There sales pitch is that they have contacts with all these banks and they can negotiate you loan down for you.
All they want is your money and you are left high and dry. I had made repeated calls to them requesting my money back. They saiud they would wire it to me I still haven't recieved it and nobody will answer my calls. After doing my reasearch on this company I find out that other people have had the same problem & that there have been numerious complaints filed with city, county & state agencies. Because of this company I could stand to loose my home.
I can't believe that states can let companies operate with out any regulations or transparency of their operations. The Federal Government passed a law in August to help out the main street homeowner only to be taken advantage of further. The only banks that will help you arre the ones ready to go under that are holding sub prime mortgages. Who helps us. This company Federal Loan Modification LLP is nothing but a rip off company and should face criminal prosecution.
If you or I did anything like this we would be hit with every RICCO law thats out there, but yet they walk away scott free. If there are any attorneys ready this that are ligitimate I would love to speak to one.
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