Quick Answer: K&M Law complaints include allegations of taking $4,000 from clients for loan modifications then failing to provide promised services. This consumer report describes a senior who paid K&M Law for mortgage assistance but was ultimately told to work directly with Bank of America after the firm collected fees.
Consumer Statement:
K&M got us a loan modification after saving us from foreclosure 8/2012 stating that they had contacts at Bank of America. 1/2013 the BofA modification loan was too high and we told K&M after paying them $4,000 borrowed from a relative.
K&M Law said take the loan, they would contact BofA just pay for 3 mos. then ask for a restructuring.
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.
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.
Consumer Action Taken:
The Daily Money Brief — Free, at 10 AM
Money you may be owed, scams to dodge, and the fine print decoded — the consumer money news that affects your wallet, every weekday.
When we called K&M after paying 4 mos. borrowed money from relatives for the mortgage, they said we would have to work with BofA. BofA sent more forms, we filled out and sent in for 16 mos. after we could not pay the mod. loan — said that they were working on a new program not restructuring.
Unfortunately, my husband died 4/5/14, both of us are seniors. I am trying to get an attorney.
Date This Problem Happened: December 1, 2013
State You Live in: California
Race/Ethnicity: Black or African American
Age Range: 66+
Total Amount of Fee Paid: $4,000
Company Name: K&M Law
Company Address:
23297 So. Pointe Dr. Ste. 300
LaGuna Hills, CA 92653
Company Telephone Number: 714-823-3069
Website of Company: kmlawcorp.com
If you feel you’ve been financially hurt by a debt relief company and deserve a refund, read these step-by-step instructions on how to proceed to attempt to get your money back.
If you do get your money back, come back and leave a comment about it. I’d love to praise companies that step-up and do the right thing for people.
Scam reports are submitted by consumers like you. If you would like to file a scam report, please click here.
If you are the company named in this report and you want to respond, please read How to Handle a Consumer Complaint Like a Pro And Come Out Smelling Like a Rose
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.
