Maybe more in the debt relief world can learn by the unfortunate actions below by the Connecticut Department of Banking. I’ll let their words give the lesson that needs to be learned. LOCN, Inc, United Relief Services – December 3, 2014 1. LOCN Inc. d/b/a United Relief Services CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, ... Read More »

Consumer Statement: In August 2010 we were having some financial problems paying our mortgage. We received a letter in the mail from a firm called Compass Law Office saying that they might be able to help us do a modification on our home loan. We then called them to see what it was about and filled out a qualification packet ... Read More »

“Dear Steve, I recently contacted Preferred Law PLLC to help me with BOA Modification. I have tried for 14 months on my own and this is just to much stress. Of course, they said that they could get it done within 4-6 months and the cost would be $3,900.00. Stop making my mortgage payments, they guarantee it 100 % and ... Read More »

“Dear Steve, I have been looking into the Making Home Affordable Program. I found some companies offering assistance and asked for call backs. I have also been reading some of what they are allowed to do, not do, offer or not offer. I got a call back today from “the Modification Review Board.” I am writing you tonight after seeing ... Read More »

“Dear Steve, I am currently working with Preferred Law, in Sandy, Utah. I noticed many negative remarks concerning their business practices. They are supposed to be helping me with issues regarding my Loan Modification from Aurora Bank that was totally approved. A few weeks after the approval and continued making payments, Aurora sold the account to NationStar Mortgage which NationStar ... Read More »

Consumer Statement: I had a Mortgage with Aurora Mortgage since 2007. It was a 5 year interest only arm. This year the arm payment changed from $460.00 to $946.00. So I applied for a Loan Modification. After going through the test period the Loan Mod was accepted by Aurora Mortgage. They sent the contract which I signed in front of ... Read More »

“Dear Steve, We were contacted by Preferred Law LLC about getting a modification of our home mortgage They painted such a rosy picture of reducing our mortgage rate by 2-3 pts. which would save us thousands over the term of our loan. I read your article about Modifiation Review Board LLC, based in Sandy Utah, which when sent the final ... Read More »

March 4, 2013 – Benjamin Horton takes exception with comments made by others in response to this article. See update below. “Dear Steve, My loan was sold from BAC in January 2012 to Specilized Loan Servicing, LLC. I had tried 3 times to get a modification with BAC first myself, 2 with National Debt Solution in CA scram, 3 with ... Read More »