Upside Down Mortgage

Posts Tagged ‘consumer’

Mortgage Fraud Help

Question: Is there any way of recieving a "finders fee" or compensation for mortgage fraud tips?

I've come across a heafty amount of information regarding mortgage fraud. I don't want to throw anyone under the bus, but, there are a few jerks that I wouldn't mind being compensated for extending their fraudulent practices over to the right people.

Answer: Crime Stoppers

Victim of Mortgage Fraud? Help is here!

If you're new around here, you might want to subscribe to our Upside-Down Mortgage RSS feed. It's quite likely the only feed of it's type on the internet!

Loss Mitigation Center

Question: Loss Mitigation and "The Center For Responsible Lending"?

The Center For Responsible Lending always cites the "lack of effort" that lenders are making with regards to working out a solution to the foreclosure increase.
As a Loss Mitigation Consultant I can say that I rarely get a call back from homeowners in trouble and all I'm calling to offer is a loan modification from their lenders.
It's free money and in many cases a way for these people to keep their homes and make a fresh start.
It's time people take responsibility for their own actions.

Didn't we learn anything from the DNC list the FCC now governs, all that did was send $12-$15 per hour jobs to India where the FCC has no authority.

Answer: x

How To Get Your Loan Modified

Mortgage Relief Law Center

Loan modification companies without any experience other than the ability to market to distressed homeowners are coming out of the wood work in masses. Taking illegal upfront fees and offering money back guarantees that don't exist. Times are tough for ex- mortgage companies as well and they will say or do almost anything to get your money. They seek out troubled homeowners at the same time they are trying to find someone to process the loan mod file cheap. They offer money back guarantees (minus $1,000 or so for processing) and typically offer the client no more than a sad story after 90 days and the loss of your home to foreclosure. Calling themselves Loan Modification Experts or Specialists, they are like Cockroaches chasing down their next meal and they are hard to keep up with and even more hard to get rid of. The Attorney General office in most states is aware of the problem but is understaffed and has a difficulties being proactive in their efforts to stop these scam artists. Don't get me wrong, not all of them are thieves. Some mean well, they just need to make money and can't collect unemployment benefits. We get calls all the time from mortgage companies that are or are going to start doing loan modifications and want someone to process their files for cheap. They want to make representations to homeowners of low interest rates, principal reductions, and unreasonable settlements based of findings in forensic loan audits and then pass the buck to a loan mod processing company that will take your information, say a prayer and mail it off to the bank. Sad, but true. They have absolutely no clue what they are doing all they know is they can't do loans anymore and loan mod clients are sitting ducks. These guys come up with cute names, websites, radio commercials, mailers etc.....  Even cold calling off title data as a government sponsored foreclosure relief agency!

Should you decide a loan modification is a viable option for you then hire an Attorney that can offer legal representation and has the required experience to negotiate with your lender. Do not fall victim to an "attorney backed" or a "attorney based" loan modification company. This is very important as they only offer smoke and mirrors. The attorney is not your attorney and only gets a very small fee so the company can say they have an attorney. If you see a company that mentions Law, Legal, Attorney or anything of this nature in their name this is highly illegal unless they are a Law Office with real Attorneys that actually represent you. You should never pay more than $5,000 to get your loan modified or stop a foreclosure sale. Attorneys are not supposed to be cheap, they are supposed to protect and defend you, and a good Attorney in this situation is priceless. The Feldman Law center in Mission Viejo, California has a proven track record helping homeowners save their homes from foreclosure. They offer in house forensic loan audits to support predatory lending and mortgage fraud cases when required as well. In cases of hardships they have the ability to drastically reduce interest rates, principal balances and completely change the terms of a mortgage. There is a team of 50 full time Attorneys, paralegals, negotiators and legal assistants that work directly under Mr. Feldman, Esq. saving homes with real loan modifications. When you retain their services you are kept up to date on a weekly basis. There are other Attorneys around the country as well, but know one with the type of operation Mr. Feldman has. His Law Firm is filled with consumer advocates that share Mr. Feldman's vision of providing struggling homeowner's real solutions and giving them their moneys worth or giving it back. You can find Mr. Feldman at www.feldmanlawcenter.com or in the office Monday - Friday 7:00 AM to 7:00 PM PST.

About the Author:

The Feldman Law Center is owned and operated by Steven C. Feldman, attorney at law. Mr. Feldman has been a member of the California State Bar since 1983 and is well versed in federal
loan modification
law.

Source - Loan Modification - Loan Modification Companies- What You Need To Know!

loan modificaiton testimonial feldman law center