I was looking into a mortgage modification and my mortgage company said they can’t do one for us.
I received information for a mortgage modification from Legal Advocate Network. I can’t find any info on them and their web site has not address. When I called them all they would tell me is that they are in Orange County, CA. Have you heard anything about this company? Is it a scam?
Giving you an opinion if the Legal Advocate Network is a scam is a tough one because I don’t know what your definition of a scam is.
What I can tell you is generally the sales pitches by mortgage modification groups is bullshit. What they fail to tell you is the Mortgage Assistance Relief Services Rule prohibits upfront fees. Instead they find a loophole to charge them. They also fail to inform consumers there is no requirement that any lender has to modify any mortgage for any reason.
If you choose to pay someone to do the work you can do yourself, well that’s your choice.
But just today I heard about yet another California attorney that was disbarred for ripping off consumers with mortgage modification promises. This is yet another on the growing list of disbarred attorneys. And today two California foreclosure rescue scammers pled guilty and are facing jail time for ripping off consumers. See Foreclosure Rescue Scammers Plead Guilty to Fraud.
Below you will find a list of mortgage resources you can use to pursue help for free.
And if you do decide to hire some company to help you, for goodness sake, check them out first.
I would recommend that anyone considering using such a company should read the following free 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
Please post your responses and follow-up messages to me on this in the comments section below.