National Housing Advocates- assists with obtaining loan modifications and lowering principles.
They say I definitely qualify for their help services because I’m upside down in my mortgage.
They only guarantee that they will help me with the paperwork and obtaining mortgage assessment report
Their fee is $3500, and there was no mention of a money back guarantee.
Are they a reputable company, and what is their success rate?
Have you heard from anyone who has used their services, if so, how were they rated?
Save your money and call a free HUD Housing Counselor first.
I’ve yet to see a significant number of people get the promised benefits from many mortgage modification companies. In fact the FTC says companies should not charge an advance fee. See the Mortgage Assistance Relief Services Rule.
I would recommend that anyone considering using such a company should read the following fee 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
Bottom line, I’m deeply skeptical.
Please post your responses and follow-up messages to me on this in the comments section below.