I got a mailer from a firm today and called they were Remedy Law and i look at the website www.remedylaw.org and there attorney is the same as Prudent Law Pamela Gresser Gerber?? They wanhis firm wanted to charge us 4195.00 to do a loan refinance under the Harp 2 Program that is not legal Correct?? This firm is Prudent Law when i asked there location i was told 4500 Campus Newport Beach ca 92628 Suit 234 that was Prudent Law and before that was novation law center. What kind of scam are they pushing here???
Thank you for submitting your information. I took a look at Remedy Law. And you are correct. The attorney listed is Pamela Gerber, who has also gone by Pamela Stacey Gerber-Gressier. – Source
the RemedyLaw.org website is a relatively new registration. Public records state it was registered on April 12, 2012 and was only registered for one year. The domain ownership is hidden so we have no idea who the owner is.
A search of State of California records with the Secretary of State could find no company registered to do business in California under the name Remedy Law.
The address they gave you was 4500 Campus Drive, #234, Newport Beach, CA. That building is below. This consumer complaint said that Prudent Law was located at the same street address. And the attorney you named with affiliated with that firm as well.
Bottom line, before you pay anyone to performa loan modification for you there are some free steps you should take first. You can talk to a free HUD Housing Counselor to investigate your options and you can talk directly to your lender to see what, if any, programs they have available.
Be sure to first read How Not to Get Scammed by a Mortgage Loan Modification Company.
First you’ll need to determine your current debt-to-income ratio. The target debt-to-income ratio under the Home Affordable Modification program is 31%. Use this free online DTI calculator.
Mortgage Modification Calculator
The mortgage modification eligibility calculator will ask you several questions and then show you which programs you may be eligible for.
Free Mortgage Modification Help and Counseling
If you have questions about the process or eligibility you can call 888-995-4673 and get connected with an mortgage modification adviser for free. This help is provided by government subsidized HUD Housing Counselors and they can be a big help in navigating the modification process.
In order to assist you, the housing expert will need to gather some information from you. Have the following documents handy:
- Information about your first mortgage, such as your monthly mortgage statement.
- Information about any second mortgage or home equity line of credit on the house.
- Information about the monthly gross (before tax) income of all household members contributing to pay the mortgage, including recent pay stubs if you receive them or documentation of income you receive from other sources.
- Information about your savings and other assets.
- Account balances and minimum monthly payments due on all of your credit cards.
- Account balances and monthly payments on all your other debts such as student loans and car loans.
- Your most recent income tax return.
- It may also be helpful to have: A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.), if applicable.
You can also get free help and housing counseling from a local HUD approved counselor. You can find your local free housing counselor, here.
Contact Your Mortgage Company
Not sure if your mortgage company offers modification programs? Not all do. You can contact your mortgage company to ask them about mortgage modification programs you might be eligible for. Click here to find your mortgage company.
Want to know the net present value (NPV) of your home for the mortgage modification process? No problem, use the free NPV calculator to find out. The NPV calculator is right here.
The calculator can be used by homeowners who have been denied a HAMP modification because of their NPV result or can also be used by homeowners prior to applying for a HAMP modification to help them better understand the NPV evaluation.
No Advance Fees
The Federal Trade Commission has a Mortgage Assistance Relief Services Rule which prohibits advance fees for mortgage rescue services or mortgage modification help.
Please post your responses and follow-up messages to me on this in the comments section below.