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Is The Prudential Law Group in California, Legitimate or a Scam?

“Dear Steve,

I received a notice in the mail claming to represent the former owner of my mortgage loan. The notice was attempting to advise me that I qualify for a mortgage assistance program to lower my payments. I found it fishy so I called the number to learn more details.

The person I spoke to sounded confident but was very hesitant on telling me the name of his company. We agreed on exchanging e-mail addresses and when I got his e-mail I went to the site for details about the company and red flags came up.

Now, I’m curious because there’s no listing of an address. I was going to Google the company name, but because my browser fills in options for complete phrases based on the name, I saw the name come up.

Is The Prudential Law Group (based in California) legitimate or a scam?

Lynda”

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The Answer

Dear Lynda,

If you received an unsolicited mailer for mortgage modification services I would be cautious. So many outfits have been sending out mailers and then selling consumers expensive services to deal with their mortgage issue.

What I find missing in many of these sales pitches is the mention that you can investigate your modification options for free by calling your bank directly or speaking with a local HUD Housing Counselor.

You were right, while the Prudential Law Group website lists their telephone number, 866-920-9081, they do not list a physical street address.

Is The Prudential Law Group in California, Legitimate or a Scam?

Even the email you forwarded me is silent on this as well. That’s another red flag for me.

Is The Prudential Law Group in California, Legitimate or a Scam?

The other interesting bit of the email is that it gives you a link to the California Bar client security fund information but does not ask you for money. The only reason I can think of to have this random link there is the request for money is coming.

The email also contains a link to attorney Pamela Gressier. California Bar records actually say Gressier is actually with the firm:

Duarte, Gressier & Menezes, LLP
17215 Studebaker Rd Ste 240
Cerritos, CA 90703
[email protected]

A search of California corporate records could not find any company named Prudential Law Group that is authorized to conduct business.

The last public domain listing for prudentiallawgroup.com on 6-24-2011 says that it was owned by:

Secured Processing Inc.
4500 Campus Dr #235
Newport Beach, California 92692
Nathaniel Ferrer [email protected]

The domain is hosted on the same server with:

mysecuredprocessing.com
prudentiallawgroup.com
resuface.com
statelaw-group.com
union-lawgroup.com

My advice, run away, talk to your bank, a HUD Housing Counselor and/or get a second opinion directly from a real estate attorney you proactively select. My spidey-sense is twitching on what I’ve see so far.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

Is The Prudential Law Group in California, Legitimate or a Scam?
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Marichu

    Prudent Law Group, robbed me of my life savings 3500.00 and did nothing to help. Made promises they could not keep. Had me send my money to them instead of paying my mortgage so that they SAID would keep me out of forclosure, cut my mortgage in half and lower my interest rate. 7 months later I have been served and am working with a non profit org. I have lost valuable time and all my savings. Read Steve’s reply and heed his warning they are NOT LEGITIMATE! ( I would like to post my whole story as I have it written out. ) I have not figured out where to put it because I have names and dates etc. It seems to long for a review on 2 sites so far. If anyone has any ideas as to how I can make this story go viral let me know. I want to save people like myself. ( btw I am in the med field with 22 years of school and a single woman taking care of a disabled woman) They have no mercy and my education did not help me when the telemarketers got ahold of me in a desperate state. That is all they are. My room mate used to run call centers. Had I let her see the flyer and make the call she would have recognized it as a marketing lead, and the sales people and closers on the phone with their one call close and objection rebuttle process. I did not know. I thought I was talking to a law firm affiliated with my Bank as it stated on the official looking mailer (lead). I pray that I do not lose my home, but I have every intention of doing everything legally within my power to bring them down. They are theives working on commission and stealing from desperate people including single woman and disabled persons. The lord says, “Vengeance is mine”. They will get what they deserve either way. I would just like to save others from my fate and assist God in Contacting the proper authorites.

    • Holly

      Everyone on here that posted about Prudent Law is absolutely correct with what they are saying about these people. They are SCAMMERS and they go by many names. They change their company name all the time in order to stay ahead of the law. They change their names and you will no doubt be able to stay in contact with the person who signed you up and said your mortgage would be approved and that you qualify for the modification. It’s true what one person posted how do these people know in a 10 minute conversation if your approved or not. They make everything sound really good and they are able to suck you right into their web knowing darn well they are not going to be able to get you a modification. By the time you realize it, they have taken your money, your home may go into foreclosure, and don’t plan on them being able to help you with that because they are in California and unless they are a licensed attorney in your state they can do nothing for you, don’t be fooled. By this time, your wondering what is going on so you decide to call and talk to the person who signed you up and get the answer we have no one by that name, you may try and call the person and don’t be surprised if you get “sorry the number you are trying is disconnected”, you might even e-mail the person and you’ll get a error message that it was undeliverable !!!!! Try calling the number that is on the paperwork and you’ll get someone telling you that they will get the message to who ever you are wanting to talk too…Good Luck with that one too !!!! These people are nothing but crooks, who are out for themselves and could care less about the people they have hustled. All they do is shuffle papers around and you’ll never have enough paperwork faxed in for these bafoons. It will always be we still need this or that. “Really, what the hell are you people doing with it, EATIN IT”. They are liars, cheats and scammers and all I can say is their day will come and when it does, they won’t know what hit them. I have found out other names they go under…..of course Prudent Law, Remedy Law Center, Remedy Law Group, Remedy Center, Remedy Center Assoc., Home Remedy Law Group, Novation Law Center, Remedy Law and Secured Processing, just to name a few. From what I’m told Matt Brinks and Pam Gresser check her out under the California State Bar, there are 15 or so reprimands on her file. Oh and if you happen to have a business look under DnB reports it will show that Remedy Law is clean, well, DnB doesn’t have a clean record so look them up as well. Money talks and if you want your business to look good pay enough money and they can make it happen !!! Do Not do business with any of these firms, they are bad news. Do your homework before falling into their web. Call your lender and talk with them and see what can be worked out, but don’t spend your money with these people !!!!!!! There is a lot of scams nowadays due to the economy and people fall into this kind of stuff very easy out of desperation. Talk to a reputable attorney that you know or a trusted person you know, but NOT THESE PEOPLE !!!!!!

  • Love always wins

    As an underwriter for a real estate law firm here is the TRUTH folks: your lender, as long as they participated in the bailout mess of ’09, CAN modify you. Here’s the problem though: usually they drag you along and it takes on average 8+ months for the lender to modify you. During that time you have to be behind on your mortgage otherwise you don’t qualify for the modification. Problem with being behind more than 4 months (in some states as low as 2) the lender can legally file you with a foreclosure and possibly sell your home at auction. I’ve seen this, OFTEN! Also, if you are behind on your mortgage what the lender usually does is take what you owe in arrears and add it on top of your modified payment whereas what a law firm negotiates is to put the arrears on the back end of the loan and you don’t have to pay anything out of pocket up front. The difference with hiring a firm to do it for you is that your attorney will mitigate for the best possible outcome for you as opposed to a bank who will give you a modification that best favors them financially and that’s that. Google modification results with banks if you don’t believe me…

    I just spoke to a lady who decided she wanted to go through her bank instead of hiring the firm to do it for her because she did not want to spend the $$$, which I can understand. After 13 months she finally got her “modification” here’s what she got: Principle + interest = $2,234. Escrow = $900 Total payment = $3,134 AND with a step-mod NOT a fixed that increases the % rate every 2 years WITH a balloon payment due after 20 years. Her payment before the modification was $3,089. So you tell me, how did the banks actually help her? 

    No one HAS to hire a firm to do anything for them. It’s an option. But if you want the best results your best option is to hire a professional, that has experience in real estate law to get you the best possible outcome. Make sure you do your due diligence and verify that the attorney you are hiring is in good standards. And the phrase “as low as 2%” is absolutely NOT fiction. It depends on each individual case and not EVERYONE gets a 2%. I just got a case approved for, here it comes: 2% fixed 30 year AND $140,000 principle reduction. So is it possible? Yes it actually is, it just depends on YOUR case. I am not going to leave the name of the firm I work for or my name because then I will be labeled as someone who is attempting to solicit business, which I personally do not benefit from anyways since I am only an underwriter but I want people to be educated. Knowledge is power!

  • a.s.a

    Beware “prudential Law group ” because of their lye and  false promise we are in the process of  losing our home in foreclosure. Last week i called our lender MERIWEST Mortgage and asked about where we are on the process of our mortgage Lon  modification, the respond was shocking and really upsetting. I remembered talking to a guy with  the Prudent Law Group keep saying don’t answer any call from your lender and don’t give any information from now on we are dealing with them and you will have your new payment starts in April 1 2012. this words said in January of this year. to do this they charge $3500.00+  and they sent the UPS guy to collect the check from your home the next business day. they are fast and greedy, be careful. 

  • http://www.facebook.com/profile.php?id=1422801759 Norbert Weiss

    Has anyone noticed the similarity. Prudential Law Group appears to have changed their name to Phillips Law Center PLC. The same photo is on both their home pages and to no surprise Prudentials page is now inaccessible and there phone numbers no longer work. The gentleman I spoke with in september 2011 now answers to a different last name (but still the same first) at Phillips and claims hes never heard of the previous person or the firm. Im convinced its the same person. Both mailings I answered too are identical except for the phone numbers, of course. Just for the record, this only my connect the dots opinion. see for yourself. Photo above… versus current photo at Phillips….hmm…scam…maybe. 

    • Gooddad1

      Was wondering if you have heard of Elite Legal Group or Elite Financial Solutions? I have been trying to call Arturo Torres there because that is supposedly who is running the company. I only see a Claudia Flores as an owner but Arturo is all over the place advertising this company. I have even seen something on a social website and one for businesses trying to find another number to contact him.

      • Joxzantana19

        hi gooddad1 Derek here is the information you need….your company and your partner good luck finding him…also DEREK REYES is under investigation by the FBI for fraud…..CHECK PUBLIC RECORDS 

        Derek ReyesLiberty Legal Processingwww.libertylegalprocessing.com [email protected]

      • Joxzantana19
      • http://twitter.com/MCALegalGroup tim Adams

        claudia is listed with the DRA And should not be doing loan modifications because it is un lawful for anyone listed tith DRA To do loan modz.

      • http://twitter.com/MCALegalGroup tim Adams

        I know Tim personally and I have asked him why he does not respond on here and all he says is the comments his ole friend Art has left are spelled so poorley and r usually around one am that absolutely no one believes any of it.

      • http://twitter.com/MCALegalGroup tim Adams

        tim also has proof that his wife used a false social security # to land the job she has, probably would land her in jail and Fart would have to get a job. I have no idea why he doesnt just send her employer the email he has from art explaining all this…he even has her real ss# from modification papers Dereck

  • http://profile.yahoo.com/3FIAX67LZUONZQICP7YF6ATWLU Johnson

    I see you’re part of adsense. This blog is here to nothing more than make you a few click through pennies and harass people trying to do business. There is nothing here that says the company has done anything wrong. Just bad mouthing with nothing but an ad as they whole crux of this blog, no wrong doing, just a bunch of negative publicity and why? Why this one company “Mr. Get of of debt guy”? Your all about click throughs that’s it.

  • http://profile.yahoo.com/3FIAX67LZUONZQICP7YF6ATWLU Johnson

    After reading all of this I can only say the guy running this needs a life. Why is he attacking this one company when there are thousands that market? In fact millions that market the same way. Most people are smart enough to know what to do. The people complaining sound made up. This guy is out to make trouble for one company and nothing more. If it was me and was touting about the way I have put negative postings that destroy a company’s rep, I would sue your ass off, buddy. I have heard of twilight zone guys like you who are self appointed police and the only purpose of this blog is to carry your ads put a few click through pennies in your pocket. This whole line of posts stinks to high heaven. Get a life and stop singling out one company and go for the whole industry or shut up.

  • Wow

    Steve again….deletes posts about himself while he leaves posts about people that dont belong to be on here….

    • http://GetOutOfDebt.org Steve Rhode

      I have no idea what posts you are alleging me of deleting. Obviously you’ve posted.

    • http://GetOutOfDebt.org Steve Rhode

      I see what happened to your comments. Repeated similar comments wind up being blacklisted automatically by the spam filter. There look to be 40+ from you with the same message.

      • HARP

         How does someone get a hold of you- I have information you would love to have!

      • http://GetOutOfDebt.org Steve Rhode

        Use the contact or submit tip link.

      • HARP

         What happened to the spam filter with the repeated comment above from the user zarate11?

      • http://GetOutOfDebt.org Steve Rhode

        Can’t say but whatever they did didn’t result in the automatic filter kicking in.

  • TheRealTruth

     

    “ I learned that Steve and his co-founder were forced to resign from
    the company in late 2003.  Ah, but this gets better.  Steve resigned
    and appointed his wife as the President…so, Steve commits fraud, the state of
    California pursues him, and then he appoints his wife to run his company. 
    Yeah, things have really “changed” at Myvesta, the non-profit charing a $495
    enrollment fee and a $200 per month “maintenance” fee.”

  • ModDude1971

    I’ve been doing loan modifications for a very long time.  It appears that some of these people are truly involved in a modification scenario and others are simply trying to get some blog time in.
      Modifications are not as easy as some people would make them out to be but, if done properly, the banks are willing to work with a good company.  There are several reasons why a bank will not accept a file for modification:Too much or too little income.Falsification of income or non-disclosure of income.Offered and rejected a modification within the past year.Unwilling to work with the bank prior to hiring a firm/company to help.Not all of the paperwork filled out properly or is missing proper documentation.Paperwork not filed completely within a given time frame.People, don’t give up on getting help for your mods, just do your research on the company itself.  There are legitimate companies out there to do these files for you.  

    • Shortsale199789

       Mod Dude, you fail to recognize the fact that too many companies are simply not following through with the paperwork either because they do not want to pay for the processing or they use a terrible processing company- I know people that work for the company this blog is about and the sales agents actually care about getting people help, the problem is they have a terrible processor who has very little experience with banks and their procedures. Most people don’t realize that many banks have their own guidelines and unless you have experience it is all trial and error. My guess is people should do their research and only work with companies that have solid references- I know of several companies that only work from referrals, so people do your research!

  • Zarate11
    • ModDude1971

      I’ve been doing loan modifications for a very long time.  It appears that some of these people are truly involved in a modification scenario and others are simply trying to get some blog time in.  Modifications are not as easy as some people would make them out to be but, if done properly, the banks are willing to work with a good company.  There are several reasons why a bank will not accept a file for modification:Too much or too little income.Falsification of income or non-disclosure of income.Offered and rejected a modification within the past year.Unwilling to work with the bank prior to hiring a firm/company to help.Not all of the paperwork filled out properly or is missing proper documentation.Paperwork not filed completely within a given time frame.People, don’t give up on getting help for your mods, just do your research on the company itself.  There are legitimate companies out there to do these files for you.  

  • Zarate11
    • Steph m, dawson

      yes he does and he was smart enough to let you think it was liberty legal , meanwhile he has gotten his 1000th approval letter from his real company which you will never know about ,, u were clearly outsmarted. and i understand he has proof of your wife falsafying a social security number to obtain a job which has a mandatory jail sentence. i dont know why he has not turned her in yet but i guess he has more class than you. trust me if i get the info from him i will turn her in just because you never paid me when i worked for your shitty company elite legal and financial.

  • Zarate11
    • TheLawNetwork

       Sounds like the ramblings of a drunk and pissed off ex employee to me-

      • fArt

        Zarate11 does sound like one that gets drunk, pissed off, messes around on his wife too.  Probably sits around and takes pictures of himself all day and posts them on facebook.  LOL

      • Arealjournalist

         

        “The chap Steve Rhode of
        getoutofdebt.org is more than a liar journalist. He is a opportunist blogger
        advertiser capitalist under the guise of a legitimate journalist. Steve Rhode
        blogs and tweets and creates online content all in the name of good old U.S.
        capital.”

    • Rick

       He actually worked at a company called Elite Legal Group with a guy named Arturo Torez, he quit a long time ago and is now consulting for law firms who want to get into the business. Not sure where this moron got his info from but he is obviously trying to slander Tim’s name. I did a search of Liberty Legal Processing and could not find anything negative either, I am sure the owners of the company who purchased it from Tim will be interested in whey this debt guy even published the above statement.

  • Joxzantana19
    • Jepson

       I worked with this guy and know for a fact he quit because he was not happy working for Prudent, also he has a consulting company that started Liberty Legal which was sold to the group who owns it now. This post sounds like it was written from someone with a personal ” axe to grind”

    • Elite Legal Group

      Wrong guy you idiot…I know the guy and its not the same one.  There are a ton of people out there with the same name.

    • allen schmitt

      god u r an idiot, u dont even have the guys email right! u r so mad because he quit working for you when he relized u were scamming people! elite legal group, elite financial and real estate, whatever u r going by the attorney general will catch up to yunless one of the people you scammed does first

  • MRS. R

    I received a letter  on September of 2011 from Prudential Law Group stating that they will be able to help me for a loan modification.. I talked to my husband about it and we were so desperate to get our mortgage lower. So I called the phone number 1-866-748-9506 and spoke to name James Harrison and he sounded so real to me. Me and my husband talked about it and we decided to go through the process. Then next person that we talked to Jim Ramsdale(aka MANAGER) and he said to my husband that we can lower it for to $978.00 dollars a month and he said as soon we received the payment of $4200 and they will start processing and also all documents needed for loan modification…then spoke to Gloria the money handler and told me that right three checks for $1400 each and post date. I did do it and they keep in touch with us letting us know rec’d payment and will start processing. So many people that we talked to Michael Anthony, Dennis Serna, and Nate Rhodes. So were told that by February of 2012 will get it done….Dennis Serna told us that had a meeting with our lender the CITIMORTGAGE and it is looking good not to worry. I had a bad feeling but it was too late checks been cashed. Heres come middle of January got a call from Nate Rhodes stating that we didn’t get approved no reason on why..Nate Rhodes said that will talk to his manager to call me explained things….So I called Nate Rhodes because we were told also that we can do cash for keys if we lost the house meaning do not destroy the house will get money from the mortgage company and have 30 days to move out and he said going to a meeting will call me back for more details and he never called me back and keep calling no answer or the the woman in the front desk keep saying he is at the meeting again…My husband got a call back from Jim Ramsdale (Manager) and he didnt even know that we didn’t get approved how twisted is that a manager didn’t know on what is going on…he told my husband that he would call back for more details and never called us back..none all of the people that we talk to it was just answering machine..Nice Dennis Serna finally answer the phone and he told me can’t check the status because all of the system was down and asked for how long and said to check again later…said ok.. two hours later called back no answer..By the way the name of the company now when you call is Prudent Law Group not Prudential Law Group anymore….

    PEOPLE BEWARE!!!!!!!!!
    Here’s all the information for Prudential Law Group a.k.a Prudent Law Group:

    Addresses:

     4500 Campus Drive#235, Newport Beach, CA , 4500 Campus Drive #525, Newport Beach, CA 92660…..

    PHONE NUMBERS:

    Dennis Serna 1-866-748-9506 ext 236

    James Harrison 1-949-202-4527

    Jim Ramsdale 1-949- 202- 4531

    Nate Rhodes 1-949-679-5955

    For all the people that whose desperate like me do not fall into scammers especially from CALIFORNIA…if you do need help hire a lawyer where you leave not anywhere else..

    • Completely Disgusted

      I too am going through the same exact situation… dealing with the same people (Dennis Serna). The Lawfirm name has changed and so has their phone number, but the address is still the same. Dennis called every 2 weeks like clock work, then all of a sudden the calls stopped and he hasn’t returned our calls either. Today the Deputy Sherriff was at my house regarding our FORECLOSURE. I cannot believe we have been scammed. I did research on this company back in September and they seemed to be legit… now, when you google Prudential Law, the only thing that comes up is SCAM ALERT, and their website is no longer active. However, Prudent Law Group has a website & they’re at the same address in Newport Beach, CA.

      What are your plans to get your money back? Have you contacted your mortgage company directly to try to stop the foreclosure? I’m contacting the California Attorney Generals office and an old school friend that is a lawer and used to practice in CA before moving back to Philly.

      Thank you for posting the information… had a feeling it was a scam the last 2 months and you have just confirmed my feeling, but wish it wasn’t so :(

      • Jasondavis

        I spent 18 months working on a loan mod for my wife and I, only to be denied by WELLS FARGO because they said the “HAMP program” was no longer available….LIARS!!!!!!  They told me I had to miss payments before I qualified for hardship, even though my wife had lost her job and I was on disability and we were actually still making our payments.  I looked at the Home Affordable site, saw that I fit qualifications by what the government said and yet, it took them 6 months to qualify me???  Then they put me on “SAMPLE PAYMENTS” for 3 months, said it was under review and when month 18 rolled around, I was notified that I was denied.  3 weeks later my house was sold without me being notified of any sale date.  Upon my attorneys review, when finally given a piece of paper that had a “date” located on it for the sale, which I believe WF fabricated after the sale, the house was sold the day before the sale date and not notorized until a week later.  We were given an unlawful detainer and eventually kicked out of our home.  Now tell me…..WHO ARE THE SCAMMERS?  I’m thinking that the banks are the scammers and not businesses like you are showing.I went to the web site mentioned above and also looked under the California Bar Association….the attorney is in good standing!  How do you give bad rating and bash a company that has no bad stuff?  Isnt that slander or libel?  You guys may be helping out some people, but to bash those that have done no wrong and tell people to go to the banks who steal your house is totally absurd.  My house had some equity to it, no wonder they wanted it so bad.  I know people that have been living in their homes for over 2 years without being kicked out or their house sold.

        My advice to people is to do your research, listen to what people have to say about the loan mod programs and go with a good company.  Lynda, all you did was give Steve something to write about and for his friends to agree with him.  

        By the way, just because a company resides on the same server as other companies, doesn’t mean that it is affiliated with them.  Geeeeeeeeeezzzzz….you use that information like a sword.  I worked for a company that had several web sites for engineering in different states, each was hosted by a different web master.  That didnt make my company bad because our web site was on the same server as another company that was sued because of something totally stupid.  Thats like someone saying that you are associated and should be incarcerated with Charles Manson because you listened to the Beatles too.  Of course, this response will probably be eliminated because it totally disagrees with everything you said Steve.  

        I think your advice on this one is unwarranted.  If you want to do an article, why dont you follow someone through the loan mod process and list your findings.  Oh, another thing, my friends mom just got her loan mod completed through another bank.  Took almost 20 months, and she ended up with a 4% fixed rate for 5 years then it turns into an adjustable.  WHAT?!?!?!?!? I thought thats what we were trying to get away from with these mods.  Isnt that what put us in a tailspin as a country economically?  So, in other words, she will be fine for 5 years and when the interest rate starts climbing and she is still upside down and the HAMP program is no longer available, she will lose her house then.  GOOD JOB BANKS!!!!!!!!!  Does the term “JACKWAGON” mean anything to you.

      • Alex Fennan

        There is not one article above that shows that anyone has been scammed out of anything.  I am a satisfied client that received an excellent result.  This whole blog is misleading and this blog is the scam.  People can come on here and pretty much write and BS they want.  One should not form and opinion about a company from a BLOG like this.  Do legitmate research.  Check the BBB, call the state bar, look for past clients who have had experiences with the company.  Dont rely on this SCAM blog website created by someone who has ads all over the website trying to make money. 

      • Completely Disgusted

        The post you just listed is the exact same post that you posted on 10/6/11… I’m not saying they’re all a scam, but I am saying at this point, I feel that I was scammed. I agree with you about the banks as well… since that was our first course of action back when my husband originally lost his job. The mod the bank gave us left alot to be desired. However, it did not cost me $4000 for them to say, so sorry, can’t help you 6 months later. So, not only do I have nothing to show for the past 6 months that this “lawfirm” worked on my mod, but I’m out $4,000 and I’m still going to lose my home.

        And, what I stated is not slander or Libel… it’s facts as to what happened to ME ~ and I’m just sharing information, as did the person I was speaking to (Mrs. R).

        I’ve already been in contact with the California Attorney Generals office, and an old HS friend (Havrard Law Graduate) and was an attorney in CA, before moving back east… is a Corporate lawyer and it is up to me to protect my family by doing anything possible.

        Again, sorry if I offended you….

  • Pamela S. Gressier

    Dear Steve:

    Kudos for providing a helpful public service with your site.  Loan modification service/debt relief/foreclosure prevention organizations are under suspicion in the minds of many, including state and federal legislatures and policing agencies for predatory practices as those seeking such services are in distress and so easy prey for the unscrupulous.  Thus arose the need for protective legislation like the January, 2011 federal legislation disallowing up front fees for loan modifications, a practice California already had in place.

    However, loan modification organizations do provide a needed to service to many.  Though it is true that anyone can deal with his or her bank directly or other government agencies to get assistance, and many banks prefer to deal directly with their clients, not everyone has the time and know-how to navigate the crowded waters of the loan modification process with the banks.  It is time-consuming and frustrating if one does not know the particular policies, practices and idiosyncracies of the lending bank, not impossible, of course, but certainly requiring a dogged devotion of time and energy.  Those who need the help can pay for a service.  And yes, it is critical that people exercise good common sense practices and do what the writer did here–check up on the service provider.

    Steve, you mentioned that The Prudential Law Group does not have a physical address listed on the website, that the reference to the state bar attorney lists another law firm and that the entity is not a corporation identified by the California Secretary of State, all true.  However, as the attorney (also a bankruptcy attorney/partner in another firm) who created The Prudential Law Group, not as a California corporation, I can assure you that this entity, including myself and other legal, loan and administrative professionals, provides, in compliance with the law, a needed service to our clients with much success. 

    We are currently working on improving our website to make it more informative and personalized to instill confidence in prospective clients.  I field daily phone calls from prospective clients wanting assurance that they will get good service, which I wholeheartedly welcome and endorse as good self-advocacy, something I try to instill in my children as future consumers. 

    Once again, thank you for your public service here and for an opportunity for me to fine-tune my website and practice with the comments here.

    Sincerely,

    Pamela S. Gressier (Gerber-Gressier)
    Attorney at Law      

    • http://GetOutOfDebt.org Steve Rhode

      Your comments and participation here are always welcome.

      Thanks for stopping by.

    • Minervaalonso1119

      Good Afternoon,

      I decided to apply for a modification with Prudential Law Group, and Iam Very worry, because they will charge me $ 3,500.00 for the all process.  If the modification become tru I will very happy, but happen if they don’t help me and I will lost my money.  which is a lot of money for me specially because I am having financial problems.  please advise. My name is Rosa Barrios you can email at [email protected] thank you.

    • MRS. M

      Hello Pamela, how come the “retainer” needs to be pay in full prior to the approval?  Can this $$$ be paid at the end when sigining the new loan just like a closing cost?  I am reading all the comments because i am in the modification process with you firm, i just read the post by MRS R and in my present financial situation I CAN NOT afford to be out $6,000 (your fee).  In order to make your company/services more credible, shouldnt you offer the “payment” to you at time of signing all papers?  Also have you created the web site you mention in your post?  I would like to check it out.
      Thank you,
      MRS. M

    • Completely Disgusted

      So, what happened to Prudential Law Group… seems to have disappeared. Now, when I call, I get Prudent Law Group. The website for Prudential no longer exsist, but Prudent has a website and the address is the same 4500 Campus Drive, Newport Beach, CA.

      I’ve been working with someone from Prudential for months now… all of a sudden the phone calls have stopped & NO one returns my calls. Today a Deputy Sherriff came to my house regarding my FORECLOSURE ~ What is going on at this Company you created??????? Please explain, Pamela.

  • Nb07

    I was in the loan modification industry for three years and currently have no ties to any loan modification attorney or company but I can tell you all from my experience that Steve is wrong.  Not necessarily about Prudential Law Group because I don’t know anything about them but about contacting your bank or a HUD Housing Counselor.  I’m going to assume that Lynda is having problems with her mortgage and that’s the reason she felt compelled to call the advertisement.  Telling her to contact the bank to resolve the issue is the same as telling somebody accused of a crime to call the prosecutor and work something out.  The bank has only their own interests in mind and will probably not work out a solution for Lynda but if they do, it won’t be beneficial to her.  HUD Housing Counselors are there to give you advice on what to do to help yourself if you are in trouble with your mortgage but will not solve the problem itself.  HUD offers this counseling for free so they are inundated with requests for assistance, so if you want to become one of millions of people in line waiting to get some sort of help, call HUD.  Mr. Blowne is correct, Lynda should look at all different options available and not discard Prudential Law Group as a possible solution.  The FTC has made it very difficult for companies in the Loan Modification Industry to advertise so they have to do it in a way that will get people to call, once they make the call, they will be given all the necessary information if they are dealing with a reputable company/law group.  I can’t emphasize enough after working on hundreds of modifications that you need to have somebody on your side that knows the modification process if you want to be successful and keep your home.  That type of service is not free!  If an attorney is willing to attach her name to a service and is in good standing with the bar association, they are probably doing a pretty good job at helping home owners.  Just my two cents!

    Former Loan Modification processor.

  • It_aud1

    I am ready to fax Prudential Law Group and start to question them
    They say it will charge you in aproper time such as they accept your case.
    But it is over thounsand of money

  • Blowme

    Steve,

    I spent 18 months working on a loan mod for my wife and I, only to be denied by WELLS FARGO because they said the “HAMP program” was no longer available….LIARS!!!!!!  They told me I had to miss payments before I qualified for hardship, even though my wife had lost her job and I was on disability and we were actually still making our payments.  I looked at the Home Affordable site, saw that I fit qualifications by what the government said and yet, it took them 6 months to qualify me???  Then they put me on “SAMPLE PAYMENTS” for 3 months, said it was under review and when month 18 rolled around, I was notified that I was denied.  3 weeks later my house was sold without me being notified of any sale date.  Upon my attorneys review, when finally given a piece of paper that had a “date” located on it for the sale, which I believe WF fabricated after the sale, the house was sold the day before the sale date and not notorized until a week later.  We were given an unlawful detainer and eventually kicked out of our home.  Now tell me…..WHO ARE THE SCAMMERS?  I’m thinking that the banks are the scammers and not businesses like you are showing.I went to the web site mentioned above and also looked under the California Bar Association….the attorney is in good standing!  How do you give bad rating and bash a company that has no bad stuff?  Isnt that slander or libel?  You guys may be helping out some people, but to bash those that have done no wrong and tell people to go to the banks who steal your house is totally absurd.  My house had some equity to it, no wonder they wanted it so bad.  I know people that have been living in their homes for over 2 years without being kicked out or their house sold.

    My advice to people is to do your research, listen to what people have to say about the loan mod programs and go with a good company.  Lynda, all you did was give Steve something to write about and for his friends to agree with him.  

    By the way, just because a company resides on the same server as other companies, doesn’t mean that it is affiliated with them.  Geeeeeeeeeezzzzz….you use that information like a sword.  I worked for a company that had several web sites for engineering in different states, each was hosted by a different web master.  That didnt make my company bad because our web site was on the same server as another company that was sued because of something totally stupid.  Thats like someone saying that you are associated and should be incarcerated with Charles Manson because you listened to the Beatles too.  Of course, this response will probably be eliminated because it totally disagrees with everything you said Steve.  

    I think your advice on this one is unwarranted.  If you want to do an article, why dont you follow someone through the loan mod process and list your findings.  Oh, another thing, my friends mom just got her loan mod completed through another bank.  Took almost 20 months, and she ended up with a 4% fixed rate for 5 years then it turns into an adjustable.  WHAT?!?!?!?!? I thought thats what we were trying to get away from with these mods.  Isnt that what put us in a tailspin as a country economically?  So, in other words, she will be fine for 5 years and when the interest rate starts climbing and she is still upside down and the HAMP program is no longer available, she will lose her house then.  GOOD JOB BANKS!!!!!!!!!  Does the term “JACKWAGON” mean anything to you.

    • http://northeast-properties.com Andy Faria

      Mr Blowme,

      I agree with you that the banks should be held accountable, but I think the #1 problem both Steve and I pointed to was the deceptive mailer. It is full of bs and lies. Sure, some people may need help with certain aspects of the modification process, but that doesn’t make it ok to decieve them into calling and signing a retainer.

      Jack Wagon. noun. Slang term derived from the Freight or Chow wagons used in the late 19th century. These were often the last wagons in a wagon train, making them the least favorable to drive due to the dust, waste, and debris from the front of the train. When used as in insult it refers to one’s lack of intelligence, implying the insultee is capable of no more than operating a Chow wagon.

      Andy

      • Blowme

        Oh, so now you are going to make fun of me Andy?  I lose my house and you sit there and act smug, come up with some lame come back that is meant to put me down?  Banks need to be accountable…if they did their job without delay, there wouldn’t be a discussion because people wouldn’t need attorneys or attorney groups to protect them to get the banks to do what is required BY LAW.  Steve, you shouldn’t be giving advice on this unless you know its a legitimate scam and Andy, you owe me an apology.

      • http://northeast-properties.com Andy Faria

        Mr Blowme

        I’m not making fun of you, you asked if the term jackwagon meant anything, I told you. No apology needed.

        The marketing is deceptive all the way. That is what I said.. Prudential Law Center may be the best thing to ever happen to homeowners, but we would never know that based on the marketing exhibited above.

  • http://northeast-properties.com Andy Faria

    Lynda,

    The problem with these mailers is that they are so full of crap it’s ridiculous.

    There is no such thing as “pre-qualifying” for a modification. It takes months to know whether a loan qualifies for a modification or not, and there is not a lender in the country that will have any kind of answer in 24 hrs.I would love to know exactly what it means when they say, “Your file has past the first level of our approval process”, because they don’t even have any financial info yet. The only thing you pre-qualified for… is their mailing list.

    The statement, “reduced to as low as 2.00%, fixed, for the life of the loan”, is pure fiction. Yes the HAMP modification may be able to reduce your interest rate to 2% (if you qualify), but it never remains there for the life of the loan. After 5 years all HAMP modifications will adjust up by 1% each year until the interest rate reaches the locked in conforming loan survey rate, (determined at the time of permanent modification signing) You would think that since they underlined this statement (surely to draw the readers attention) that they would have at least done some fact checking to ensure that their #1 listed benefit, is not a blatant deception. But then again, the truth never sells as well as fiction.

    Truth is…  this firm won’t be able to do anything for you, that you can’t do on your own. I would suggest that you call your lender yourself and ask them what they would need to begin a modification review. They should only need basic information (such as pay stubs, bank statements, taxes, etc) and they can review your eligibility for free. If you run into any problems or have questions about the process you can always speak with a HUD Housing Counselor, or better yet, come back here anytime and post your question. I bet we may have just the answer you’re looking for.

    Andy

    • Lynda Lawrence

      Happy Thursday Andy! 

      Thank you so very much for your detailed and truly educational response.  I felt uneasy about this advertisement and even moreso when I spoke with the person over the phone because they were talking too fast and offering way too much.  They “hinted” at some minimal cost would be involved and that ALWAYS makes me uneasy.  But, considering the insurmountable debt I’m facing, I was just too vulnerable not to continue the conversation.  The good thing is that I felt uneasy enough to sit back, think and start doing some research of my own.  I’m grateful as all get out that I found this web site and had the courage to ask my question.  Along with sending you a copy of their follow-up correspondence to me, now I know I got the answer I needed and the additional confidence to be guarded the next time another prank comes knocking at my door, ringing my bell, flying through my mailbox or reaching out to me electronically! 

      Thank you so very much!

      Lynda

      • http://GetOutOfDebt.org Steve Rhode

        Lynda,

        You can explore mortgage modification options for free by using the Department of the Treasury free online tool, click here.

      • Nb07

        Lynda, take it from someone that has processed hundreds of loan modifications.  Find professional assistance.  You will end up very frustrated and will not accomplish your goal of saving your home if you go at it on your own or by calling HUD or your lender.  I’m not promoting any one company or service so this is completely unbiased opinion from someone previously involved with loan modifications.  Get professional help.  I would choose a law firm that is in good standing with the State Bar Association, nowadays even a BBB rating doesn’t mean much.

      • Uh-ohhhhhh

        Dear Lynda….did you know that you reposted an email that contains a legal statement declaring that it is illegal to repost or distribute the email if it is not the person it is intended for…which is you?  You do realize that with this post you could be sued for breaking that confidentiality law?  I’m actually thinking that if this person knows who you are and has seen this post, you are in danger of being hit with a lawsuit.  Good advice, kill your post and request this blog be eliminated or face the possibility of legal action.

      • http://northeast-properties.com Andy Faria

        Way to show your true colors …. instead of addressing Lynda’s issue … you threaten to sue her … nice. 

        Is this how all prospective clients are treated? 

      • http://GetOutOfDebt.org Steve Rhode
      • Dan Spelling

        I just read this…this guy has a point Andy, and it seems to me this guy has addressed Lynda’s issue…she just seems very uneducated and there unfortunately is not much you can do about someone’s IQ. I received an email from the guy who wrote her and it does say on the email that it is unlawful to send the email to anyone other than the original person….As for Lynda being a prospective customer….what are you talking about? Does she sound like she is a prospective customer? She did not even have the respect of talking to the guy again, who by the way should be suing her, I know I would! It seems like you do not allow anyone to have a point of view other than your own which speaks volumes about your character.

      • http://northeast-properties.com Andy Faria

        I said the marketing was deceptive … it is.  It’s not a “point of view” thing … a lie is a lie and that is what I pointed out. Do you feel otherwise?

        I think that telling Lynda to “kill the post and request this blog be eliminated” is nothing more than a threat from someone unhappy that this post ranks #1 on a google search of the company name.

        As for my character, I’ll let the readers make their own determination of that, I’m fine with it.

      • Dan Spelling

        Just read your post again- very typical close minded response to someone merely making a valid point, where does this guy say anything about him threatening to sue her? Are you just on here to agree with all of Steve’s points and act as his ” mouth piece”? Kind of creepy…..

      • http://northeast-properties.com Andy Faria

        I don’t agree with everything Steve says, and I bet he doesn’t agree with everything I say. We don’t get together beforehand and plan what we will post. Sure, we may think alike on a lot of topics, but I’m not his “mouth piece”
         
        Sorry if that creeps you out. Are you done yet trying to insult me?

      • Dan Spelling

        Yes Andy perhaps my comment was a little rough- I have been an HOA attorney for over twenty years and have had to deal with unwarranted attacks on my company before stemming from disgruntled employees, to ex’s who had an ” axe to grind” so when I see this sort of thing I do get a bit overzealous, for that I do apologize-

      • http://GetOutOfDebt.org Steve Rhode

        Interesting claim but not one I think is supported with reality. 

        “But, simply placing a confidentiality notice on an email does not – by itself – magically grant it some grand protection. These boilerplate notices may protect someone from some civil liability in some instances, but as a general rule they are not legally binding on others.” – Source

        And from the Chicago Tribune:

        Q: Are email disclaimers legally binding?

        A: In most circumstances, they would not be legally binding. What the disclaimers are trying to do is establish an agreement between the sender and its recipient that gives rise to a duty of nondisclosure. That’s just like any other contract. Both parties have to agree to the terms of agreement. There’s nothing in the act of simply receiving a message that would give rise to an agreement to keep the contents secret. The net effect most of the time is just to put you on notice.” – Source

        It would be helpful if you could actually provide a reference to one or more specific cases where this was interpreted by the court.Is your issue the fact the unilateral boilerplate was disregarded or that Lynda had questions that she openly expressed.

      • Dan Spelling

        Steve, yes in most cases I would agree with you however these people would be complete idiots if this disclaimer was not legally binding since they are in fact a law firm practicing law in the state of California which is one of the most regulated states in the country when it comes to real estate law.

      • Dan Spelling

        Steve, yes in most cases I would agree with you however these people would be complete idiots if this disclaimer was not legally binding since they are in fact a law firm practicing law in the state of California which is one of the most regulated states in the country when it comes to real estate law.

      • http://GetOutOfDebt.org Steve Rhode

        Interesting. Does California allow for unilateral agreements or don’t they still require a meeting of the minds?

        Would still love to see an example of such a disclaimer from a decided case. I looked all around and can’t find one. Can you?

      • Arealjournalist

          So Steve, imagine when we have one hundred people adding comments for
        you to take off as quick as possible- I just found out from a friend
        that you have included me in your blog, when in fact I do not even have
        anything to do with debt, or loan mod! Is it your mission to simply add
        anything which could be damaging to a person without any verification?

      • http://GetOutOfDebt.org Steve Rhode

        I’ll be happy to verify the mention but who are you?

    • Nb07

      Yes, there are certain criteria that must be met in order to qualify for a loan modification.  Income, DTI ratio, current or behind on payments, time at residence, etc.  These are pre-qualification criteria.  Once that criteria is met, you are right, it does take months to find out if the loan modification is approved.  I completely disagree when you state that this firm won’t do anything for you that you can’t do on your own, if Lynda was in the loan modification industry then your statement would be correct but she would benefit from the knowledge and experience of a loan modification law firm.  I see from your reply and Steve’s, that neither of you have been through a loan modification or have any experience in the subject.  General answers based on what the media puts out, isn’t helping your readers, it is hurting their ability to get real assistance!

      • http://northeast-properties.com Andy Faria

        Nb07, I have also completed several hundred loan modifications. I have an intimate knowledge and have built systems for sales, processing, and negotiations. I know the deal all too well from experience and getting my hands dirty. The media has nothing to do with my opinion of the industry. You can read some reviews here. http://www.bbb.org/boston/Business-Reviews/debt-relief-services/northeast-settlement-group-llc-in-norton-ma-117740/Customer-Reviews/

        I can understand where you’re coming from that it can take a lot of work and understanding of the process to be successful. However, I stand by my statements. The “pre-qual” thing still means nothing, it’s only meant to create a false sense of security. The statement, “reduced to as low as 2.00%, fixed, for the life of the loan”, is still pure fiction. A lie, creating a false expectation. If they are as good as they say they are, and have as much knowledge as they are claiming,  that marketing should have never been approved as written.

        Like I said previously, This may be the best law group ever, but we would never know that from the marketing on display. This appears to be eerily similar to what is seen from the hundreds of scam operators out there. It certainly doesn’t set them apart, and for that reason, I gave the advice that I did.

        Had the marketing on display talked about real potential results and dangers, and made mention that they only charge fees when the loan is modified, I probably would have had an entirely different response.

        This site is not hurting consumers looking for answers, it provides them with a resource to get many different sides of the story and make their own decision as to what is best for them. Just like I have the ability to post a comment and provide advice, as do you, and I respect your opinion to feel otherwise.

    • Dan Spelling

      Andy, you sound like you work for a lender. Telling this lady that it takes months to qualify for a modification can not be further from the truth! There are set federal guidelines that qualify an individual which can be ascertained from very simple financial information. Perhaps if your underwriting department gets paid by the hour I can see it taking this long. Also, yes this process can be done by an individual, just like filling your taxes, but I bet you hire someone!

      Furthermore, I have had a mortgage modified ( by another law based company) and it only took two months for the entire process, keep in mind it took eight months for me to get denied by Bank Of A, which you probably work for. Please get your facts checked prior to giving unsolicited advice to someone like this poor lady who obviously has enough problems with her life.

      • http://northeast-properties.com Andy Faria

        Nope, never worked for a bank in my life. I battle them everyday, and I stand by the advice I have given.

        Congrats on your modification and it is great to hear that you found a good law firm to handle it for you. Dan, maybe instead of jumping to conclusions about my intentions, you could help Lynda and enlighten her on who it was that you used. 

    • http://profile.yahoo.com/3FIAX67LZUONZQICP7YF6ATWLU Johnson

      This sounds so fake, the person answering and asking the questions are the same person. You can tell by the way it’s written and this guy is picking on one company. Why this one when there are thousands doing the same thing? Someone who creates stuff like this should be made to answer for what they are doing.

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