Quick Answer: My Home Advocate appears to be a loan modification company with an F rating from the BBB, charging $3,490 for services. Homeowners should exercise extreme caution before paying upfront fees for loan modification services, as legitimate housing counselors typically offer free assistance through HUD-approved agencies.
We are about to pay for our loan modification to Tami Steffan at My Home Advocate. The confusing thing is that they seem so on the up & up but when I ask or read about them I am even more confused.
They don’t have too many complaints so that leads me to believe they just like every other company had a couple of mad clients.
Most every company has some bad reviews right? Ok so I read mostly about My Homeowners Advocate although both have F ratings on BBB. Please help me! Should I pay this company or not? They have given me hope that we can save our house but I can’t afford to send them $3490 to just lose!
Every weekday I read the enforcement actions, filings and fine print the outlets skip, and turn them into the one or two moves that actually improve your position — a rate worth moving for, a fee you can refuse, a deadline to beat before it costs you.
In the latest issue (Oct 6): When fear picks your debt plan
I write Your Money Actually most weekdays — actionable money information you will not find anywhere else, and the small decisions that compound. It is free, I sell nothing, and I take no money from any company I write about.
Before You Sign Anything: Run any debt relief contract through the free Contract Decoder to spot hidden fees and unfair terms. Check the company’s complaint history with the Scam-O-Meter.
Compare Your Real Options: Most debt relief companies won’t tell you about all your options — especially the ones they can’t profit from. Credit counseling has a 21-27% completion rate. Settlement resolves about 1% of enrolled debts fully. Bankruptcy has a 95% discharge rate — and protects your retirement. Take the Find Your Path quiz for a recommendation based on your actual numbers.
You might want to read How You Can Find a Good Attorney or Lawyer.
It was written by an attorney that deals with mortgage issues and contains some good tips you can use in your evaluation of My Home Advocate.
Keep us posted on your experience if you decide to move ahead.