I saw your postings regarding SC Law Group and was curious. The person I talked to over the phone seems knowledgeable of mortgage modification. I have provided them info regarding my financial documents (bank statements, mortgage statements, and employer pay stubs). I needed to pay an upfront fee (several thousand) for the loan modification. I did not pay the upfront fee. Attached is copy of the mailing I got from SC Law Group.
From your postings, SC Law Group does not seem credible. Should I be worried that SC Law Group has my financial info? ”
I’m less concerned about SC Law Group having your information than I am about the mailing that you received. It looks like they are still sending out mailers that look like official government forms mailer that others have be chastised for. I mean really, hasn’t the folks behind SC Law Group taken enough heat for their mailers already?
Sending out mailers that say things like “Eligibility Notice” or “Payment Reduction Notice” seem deceptively confusing to me.
If you are worried about them having your information, contact them and ask them to destroy it and then keep your eye on a consolidated credit report or use a free service like CreditKarma to monitor your credit report for any activity.
Charging advanced fees for mortgage modification help is not permitted. Attorneys may have a limited exemption of they meet the following criteria:
- they are engaged in the practice of law
- they are licensed in the state where the consumer or the dwelling is located
- they are complying with state laws and regulations governing attorney conduct related to the rule.
I’m not sure what state you live in.
These limitations are found under the FTC Mortgage Assistance Relief Services rules (MARS)
The most significant consumer protection under the FTC’s new rule is the advance fee ban. Under this provision, mortgage relief companies may not collect any fees until they have provided consumers with a written offer from their lender or servicer that the consumer decides is acceptable, and a written document from the lender or servicer describing the key changes to the mortgage that would result if the consumer accepts the offer. The companies also must remind consumers of their right to reject the offer without any charge.
Please post your responses and follow-up messages to me on this in the comments section below.