“Dear Steve,
My wife’s home of over 2MM is deep underwater. Plus escalation rate has risen very, very high.
HAMP program: I want to find out about the National Advocacy Program which tells me that my wife’s home of over 2MM can be adjusted to under 900K with a 2% rate. When I Google http://www.nationaladvocacypro… I see some good comments and some SCAM comments.
My question is: Can they do this for my wife or is this a scam as the HAMP eligibility requirements stop just under $800K for the value of the principle owed on the loan.”
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The Answer
Let’s just start with the basics as I provide in my guides:
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
National Advocacy Program says they are located in California at 250 Fischer Avenue, Costa Mesa, California 92626. – Source
The State of California says there is no company under the name of National Advocacy Program that is registered to do business in California.
And it appears I’ve written about the company before. See I Am Afraid the the National Advocacy Program is a Scam? – Shelley.
A Google search for their address comes up with a large number of companies. See this link. It’s quite possible they all work out of the same office space but I’m skeptical by nature these days.
The BBB gives them an F rating.
Even their domain ownership is hidden.
Maybe there are some innocent explanations for all of this. But considering the fact the company hides who they really are, does not appear to be registered to do business in California and appears to be selling you a dream, my vote would be to run away as fast as you can.
Why not talk to a free HUD Housing Counselor about what programs might be available?
If you decide to proceed then please use the links to my guides above to check out the company first. Let me know what you find out. If they can’t even get the business basics right, then what else are they getting wrong. Proceed with extreme caution.
And one last thing, if they are asking you to pay any fee in advance before modifying your mortgage, that’s illegal in California and prevented nationally by the Mortgage Assistance Relief Services Rule by the FTC.
Please post your responses and follow-up messages to me on this in the comments section below.
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I found the info, freely provided, on this site to be of extreme value to me. Steve freely gives of his time to educate folks who have found themselves to be victims of one circumstance or another and you can take his info to the bank. Steve, thank you so much for all you do ..you're the best!
National Advocacy Program RED FLAG
I did some checking on my own before hand and it is difficult when you want to believe something like this is possible. Some bloggers or reviewers on ersatz sites rate NAP high, but it just did not gel for me. But, here Steve with different references than I found on my own (and a totally different approach [website, BBB and State of California listing] confirmed my suspicion that this is a scam. Thanks much, Steve. I will recommend your site to others. :)
