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ASB Capital Group and Allen Brodetsky Stand Up and Address a Readers Concerns

I received the following email from Brad who wanted to share his story with you about his experience with ASB Capital Group in Tarzana, California. If you have a tip you’d like to share, email it to click here.

In researching the company briefly online I found the following video which includes Allen Brodetsky in it.

ASB Capital Group gives an interview for Telemundo reporter Roberto Lacayo on questions consumers should ask to avoid loan modification scams. Here, Allen Brodetsky tells Mr. Lacayo that consumers should always inquire with a broker as to whether or not they have received permission from the Department of Real Estate to do Loan Modifcations for an advance fee. This interview is part of a greater effort that Mr. Brodetsky has made to make consumers more aware of scams popping up during this time of economic hardship. – Source

Message from Brad:

ASB Capital group, led by Allen Brodetsky, heard advertisement on am 830. Said they could get your loan re-modified or you get your money back. Called them and worked with them over 6 months..to end in failure. They did almost nothing.

We had to repeatedly call them for info, and they kept assigning our case to new people, cause the other employees no longer worked there. And we had to start all over again with each new case worker.

We had to call our mortgage company for updates. We had to resubmit all paper work several times. we were told to fax them ourselves to the mortgage company. This ASB capital group was worthless…and now they refuse to refund our money. They said we have nothing in writing stating we will get a refund. Allen has issued refunds personally that he signed off on. If we could locate written proof..then he would refund the money. It is a big scam.

READ  How Can I Qualify for a Loan Modification Program if the Home is Not in My Name? - April

We did more work then they did. We are now redoing the loan modification ourselves, and feel very ripped off by ASB Capital group. I do not know how to obtain a copy of the spot they aired on am 830. Their first contact on our case, Miriam, even verbally told us over the phone that the would refund us if we didn’t get the modification. She kept promising to fax me it in writing then all of a sudden she no longer worked for the company…

18344 Oxnard Street #210
Tarzana, CA 91367
Tel: (818) 312-0831
Fax: (818) 881-8835

Contact: Allen Brodetsky – Owner
Business Start Date: 4/7/2008
Company ID: 100066150

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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.

10 Comments

  • In reading your post on the Internet as titled above, I too had a bad experience after hearing a Radio Spot by ASB Capital. I called and left my return call information, and was also called by Mariam. This was late June and carried into July while I faxed documents to Mariam and have several conversations with her over the telephone, and several text messages back and forth. She was working on a Loan Modification on my 1st Lien, and then was going to work on my 2nd Lien. Over time, she either had me mail her checks for the process, or sent a “Co-Worker” to pick them up. I paid $9,265 between 7/31/2010 & 3/31/2010. This was supposed to cover the Loan Mod fee for my 1st Lien and settle what I owed with my 2nd Lien.

    In talking to my 2nd Lien holder, they advised they had no record of talking to Mariam or anyone from ASB Capital and no agreement was in place. Mariam had advised they would accept $4,600 and consider my loan with them taken care of due to my hardship situation.

    In searching the Internet for a valid telephone number for ASB Capital, I found the information you posted about this company, and Mariam. I called Allen Brodetsky, who advised he fired Mariam in September 2009. Strange part is she took money from me well before she was fired, and she is the person who first returned my call when I left a message after calling ASB Capital after hearing the Radio Spot. She took my first payment on 7/31/2009, well before she was fired.

    To date my Loan Modification with my 1st Lien Holder is not completed, and my 2nd Lien Holder has yet to be contacted.

    Any advise on how to proceed?

    • We never did get our money back from ASB Capital, he invited us to the office to tell us basically he wasn’t going to return the money. We have no desire to waste our time in his office so he can save face here on this site, with no intentions of being honorable and refunding the money as promised by his employee. If he had intentions to keep ASB’S Promises..he would simple had returned the money…Good luck to you and sorry to hear that you were also taken in by Miriam and this company.

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