The State of Connecticut Department of Banking just published information on Home Tech Group, LLC out of South Dakota, Arizona, and California and they claim the company was operating in Commecticut without a license.
1. At all times relevant hereto, Respondent was a South Dakota limited liability company with offices at 3213 W. Main Street #239, Rapid City, South Dakota; 1642 N. McCulloch Drive #415, Lake Havasu City, Arizona; 5701 Lonetree Boulevard, Suite 218, Rocklin, California; and 23016 Lake Forest Drive, Suite A 324, Laguna Hills, California.
2. On or about August 19, 2013, a Connecticut resident executed a “Modification Counseling and Negotiation Agreement” (“Agreement”) authorizing Respondent to represent the Connecticut resident in the modification of such resident’s mortgage loans.
3. In connection with the Agreement, the Connecticut resident paid $2,125 to Respondent, which amount is in excess of amounts that debt negotiators may charge for services related to secured debt pursuant to the Schedule of Maximum Fees established by the Commissioner on or about October 1, 2009 (“Schedule of Maximum Fees”).
4. The Schedule of Maximum Fees provides, in pertinent part, that “[a] debt negotiator of secured debt, including Short Sales and Foreclosure Rescue Services, may impose a fee upon the mortgagor or debtor for performing debt negotiation services not to exceed five hundred dollars ($500). Such fee shall only be collectable upon the successful completion of all services stated in the debt negotiation service contract”.
5. At no time relevant hereto has Respondent been licensed to engage or offer to engage in debt negotiation in this state, nor did Respondent qualify for an exemption from such licensure.
6. On or about June 12, 2014, the Commissioner received a complaint filed by the Connecticut resident concerning Respondent’s failure to perform or successfully complete the debt negotiation services specified in the Agreement. – Source
The company has been ordered to refund the consumer for the services sold, and if they had just done this to begin with, this would probably have not devolved into this mess with the State. That’s a lesson most never learn in the debt relief industry.
But this isn’t the only problematic report about Home Tech Group. The State of Washington is reporting similar activity.
“A Washington State consumer reports paying $2,800 for a loan modification that he never received. Consumers are urged to verify the license of any loan modification company that they consider doing business with.
A consumer paid Home Tech Group LLC $2,800 to help him obtain a loan modification. Home Tech Group LLC guaranteed that it could obtain a modification for the consumer, but he did not receive a modification. Home Tech Group LLC later promised to provide a refund, but it did not provide a refund either.
The following contact information is associated with Home Tech Group LLC:
Address: 5701 Lonetree Blvd., Ste. 218
Rockland, CA 95765
Numbers: 916-787-1732, 916-238-1841
Home Tech Group LLC is not licensed to do business in Washington State. The Washington State Department of Financial Institutions (DFI) strongly recommends that consumers deal only with properly licensed companies and individuals.” – Source
Even the BBB gives the company an F grade and a consumer alert. – Home Tech Group, LLC Review – Real Estate Loan Modification in Rocklin, CA – BBB Business Review – BBB serving Northeast California
Apparently, Home Tech Group, LLC is still in the loan modification business. They have testimonials on their website from people they’ve helped with loan modifications. And the area codes they have listed for they testimonial is a California area code. – Source
But here is the funny thing, the State of California says Home Tech Group, LLC is not registered to do business in the State.
Yet Home Tech Group, LLC says they have a Sacramento office. – Source
I would recommend that anyone considering using such a company should read the following free guides.
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