Our office submitted numerous files to the Guardian Group Fund.  I'm just glad we did not submit more.  We are working to get full refunds to our clients.

I am a loan officer who has submitted many loans to this company and i can tell you from experience that there communications with clients and affiliates is horrible at best.No real updates are ever sent out.The excuses they offer are ridiculous and the lies continue daily.I would highly suggest to anyone thinking about giving this company your hard earned dollars or that of your clients to reconsider unless you want to put yourself and your clients through misery and stress. 

  We have been dealing with this company for over 5 months with absolutely no notes purchased and therefore no principal reduction for not even one client so far at that is totally insane to say the least.We are a reputable company that was pursued by the Guardian Group with this what sounded  at the time and seem to check out exceptional opportunity for our clients to get some relief on there inflated mortgages.We have since found out that they are not what they would like others to believe they are.

 In most cases you rarely can get anyone to answer the phone at there Raintree office as the phone system is at best suspect and was supposed to have been addressed along time ago but like so many other things that have been promised they have not come true.Daily emails go unanswered and phone and text messages are never addressed as well and in that rare case that they do respond it is nothing of any use to us or our clients[generic answers] We are in the process of divesting ourselves of all furture business with them and are getting refunds for our clients.

 We are very sorry we involved ourselves or our clients with this fiasco as we honestly thought that this was a very legitimate company with great financial backing and while they probably went into this in a positive manner they have found out that they bit off way more than they can chew as the banks are very difficult to deal with and not the least bit co-opertive in the quest to reduce principal balance of most borrowers and the investors do not seem to want to take the loss as well. 

 The things that probably bother us most is the lack of communication and the delays we have been put through when all they would have to have done was be totally upfront and honest about there approach but that is not how they handled it from the get go.I will post again as soon as i see how well our situation is resolved and give them either positive or negative feedback depending on the outcome.                                                                                                                                             

There has been a lot of controversy regarding the Guardian Group Fund.  I am a licensed real estate agent and I have worked with the Guardian Group Fund through a separate company and I have recently submitted a few loans to them.  I informed my clients that the time frame is much longer than what we would like but I honestly believe that the Guardian Group Fund is NOT a fraudulent enterprise.  Our parent company is offering a 100% money-back guarantee in case our clients do not receive a new loan to the FMV of their home and a substantial discount of their mortgage debt to the FMV.  First, I want to make it clear that I am NOT speaking on the behalf of the Guardian Group Fund or the real estate company I work for.  I am expressing my opinion and posting my opinion based on my experience to inform consumers and assisting them in making a decision.  As soon as I obtain actual proof of closed transactions, I will post them here on Ripoff Report with the private information redacted.  I have heard from numerous sources that the fund has closed a number of loans in AZ and possibly in CA but I have NOT seen any proof.  As soon as I get something I will post it here.  Second, I would advise people who have doubts to just wait for a month or two to see how this plays out.  Third, I would advise people to take ALL the comments posted here, whether negative or positive with a grain of salt and just wait for a couple of months.  There have been posts on the site and others stating that the fund "took my money and my house still went into foreclosure!"   I have done numerous short sales and REO's (bank-owned properties) and I walked through countless foreclosed homes and I can tell you that if a borrower does not pay their mortgage, the bank will eventually foreclose on it.  In my experience it takes a long time for a foreclosure to take place.  It varies by state but in California, for example, a bank is entitled to foreclose a property (it is called a "trustee sale") after posting a Notice of Default (NOD) and then a "Notice of Trustee Sale."  So theorically a bank could foreclose after a 120 days or so past due.  It almost NEVER happens that quickly.  I have a client in Sacramento who has not made a mortgage payment for 18 months (seriously!) and she and her kids are still living there because the bank, for whatever reason, has not chosen to foreclose yet.  My point is that people who are saying "the fund took my money and the still bank foreclosed on me!" have stopped making their mortgage payments.  Probably for a long time.  What did the borrower think was going to happen if they did not make a payment?  If they stopped making payments on their car wouldn't they expect the repo men to eventually take the car back?  I tell my clients if they are current, stay current, even if they are $200k underwater (I have clients in this situation).  If they are behind, go no longer than 60 days.  Remember the saying:  "The Lord Helps Those Who Helps Themselves."  Hedge funds are purchasing mortgage loans at a substantial discount.  Please see the post of a New York Times article from November 2009 in this thread.  Please read it.  Investors have  ALWAYS purchased loans at a discount, whether it is a mortage loan or some other kind of loan.  That is nothing new.  What is new is that there are so many more mortgage loans out there.  The banks holding the loans will eventually have to eat the loss and start reducing the principal to the FMV.  This is had NOT happened yet on a large scale.  This is the reason why loan modifications are not working.  The banks are reducing the interest rates and putting the late payments on the backend of the loan but they are not reducing the principal.  Until the banks do it, the real estate market and the economy in general will feel the heavy drag.  The banks have agreed to short sales (which is basically the same thing the fund is trying to achieve) and have foreclosed on homes but the percentage is still fairly low and there still much more homes that are underwater that may never recoup the value of the loan amount. 

I find it very funny when I read about those that claim that the Guardian Group Fund (GGF) is a scam, without any real hard core evidence.  So, lets think about it, if the GGF is a scam then they must have the biggest pair of you know what in the State of Arizona.  Just think, the GGF is going to try to rip people off for a mere $1595 per person?  I would think that if you are going to rip someone off that you would do it for more than $1595.  Why not $10000 or more, especially for what they are supposed to be offering?  Now think about it, those who are working for the GGF and the principles know that they are being scrutinized by the likes of those on this website, by the State Attorney Generals of their respective states (especially in light of the Bernie Madoff fiasco) and by other regulatory agencies.   If the GGF is a scam then where is the big state law suit bring them done?  Where are the local investigative reporters?  Where is YOUR law suit if you are convinced that they are a scam?  Surely you would be a hero and save everyone from throwing their money away.  It should be easy right? 

Provide proof of your refinance/modification/PPIP or what ever you want to call this program.  I'm calling you out!  All you have to do is white-out your info and show the mtg amount adjustments.  A NOTE of the before or after will be suffice.  You being a broker/banker or what ever you claim (shouldn't be a excuse not to provide proof, but more or less why you would) should know how to do a little cut & paste anyways....so PROVIDE PROOF.....THIS is what everyone who claims to have had a Principle Reduction fails to provide!  If in deed the US Treasury has a program such as this...and at the toon of a TRILLION dollars...there should be more than ONE example of a successful PPIP? 

You'd think the Guardian Group Fund could have come up with a couple written testimonials from their customers???   Of course it would be pretty difficult to do that, yah know...I mean how happy could a homeowner be if they've reduced their loan amounts by 10's of thousands of dollars.

There's NO PROOF people and this company is run like a joke!

Sincerely Concerned

I'd love to hear how your case turns out.  Would you mind keeping us posted?

Thank You,
Interested

Can you provide some type of proof tome that this works?

Yes , this company is REAL. I closed already and if you do your research like i did , this is part of the 1 trillion Dollar toxic asset program , Its a win win situation . Me being a Mortgage banker was very skeptical, but its true and its done by Private hedge funds and the govt knows about it.
In 6 months or sooner it will hit huge across the country and eliminate alot of these toxic assets (  $13.7 trillion ) thet are on our banks books.
Its real but like anything else it's new , all i know is thousands of closings have been done on the west coast since 1 year and there will be many more to come .

I cant reveal this cause I work fort a huge banking organization but i have the note and the HUD to prove it with no closing cost but 1595 for appraisal, survey and Title Insurance( 3rd Party Charges) . I may leave my job to do this when it hits real hard . This is a dream come true!!!

don't do it it is the same  company.  Trust me i have heard that they even went to Florida to scam and left people there hanging. I am pretty sure this is what is happening here.  They are hitting the Hispanic community pretty hard.  We are desperate and they will do anything to screw you over. Don't do it!!!

I was sent down to the Guardian group from a mortgage broker that worked in my building. After a few (4) months the same fellow who sent me to them began to scream that they were fraud ! At that point I went down there to express my concerns and seek a refund. I went down there and loudly expressed my concerns. To make a long story short they said they are still working on it and the process is taking a lot longer than they originally anticipated. It sounds like a bunch hoopla that any con artist would say but on the the hand I know that it is difficult working with banks (I have been working on my modification for over 15 months) so the more time needed is reasonable. It wasnt what they initially said (60-90 days) but it is reasonable based on my personal experience with trying to get a regular modification.

The end was result was this:

I recieved 1095.00 (drawn on wachvoia bank, it cleared ) back of the initial 1595.00 I gave them. I wasnt completely satisifed but it is better than nothing. I received two stories about why they wouldnt give me the whole amount back (1 was becasue they paid the person who refferred me and 2, they spent monies on an appraisal, etc) Regardless of why they didnt do it the point is that I didnt get a FULL refund.

With that said, according to the President and Vice President of the company they have already submitted my file to my instiution for negotiations. They will continue to work on my file (since it has already been submitted) adn if /when they get the deal completed I will pay them back the 1095.00 plus cover any clsoing costs(minus the 500.00 they didnt refund me) related to the new loan. The costs are not to exceed regular closing costs  on a MTG with zero points !

Best case scenario: They get the deal done and end up paying about 4k out of pocket.

Worse case scenario: They are all fraud and I get screwed out of $500.00.

The way that I look at is that at least I have some piece of mind while I wait for them to complete the deal or get arrested for fraud.

By the way, the lady who reffered me to them is still screaming that she is going to the attorney general and going to get everybody arrested. Blah blah blah. She also is saying that the one example they pass around was never done, it was supposedly some REO purchase or some other bullshit. That particular lady is a bit shady herself. She ran a mortgage business that probably frauded or ripped off several people anyways. She is full of crap and is nothing more than a big talker. So I am not sure who to believe.

Only time will tell.

The sad part is that the Hispanic population is diving into this head first wishing on a star. If this is fraud they are going to get the short end o fthe stick by far. I wish someone would translate this into Spanish or bring it to the attention to channel 19, 33 or a mexican radio station to put potential awareness out there.

At this point I wouldn't recommend  or deter anyone from the Guardian Group. I personally am not sending anyone to them until my deal gets completed. But I will not speak badly of them until they do not complete my deal. I will place an update once I receive an outcome on my deal. If my deal does get doen I will give them full permission to use me as an example.

Good Luck and go with your gut !!

There are those who love to spread panic and pandemonium.  They love to scream that the sky is falling, Vomit all over you, Then proceed to tell you that it is all a lie.  Tell me I ask the nay Sayer,  when has any of the governmental non profit organizations help anyone.  You call and waist monumental amounts of time and still end out loosing your home.  After all it is all free any way right!  No accountability. and who do they represent? you or the bank.

I really respect the fact that an attorney would tell the truth about this possible door that may be opening up for the general public.

I just got off a conference call with the Guardian Group Fund.  I personally believe that they are for real and eventually they will be able to accomodate a large volume of loans.  In fact, I will be submitting my own property for the principal reduction program because our lender has worked positively with them in the past.  However, it appears that they are experiencing substantial "growing pains" in dealing with the amount of loans which is causing significant delays.  Therefore, I am waiting to submit more clients until they get up to speed.  I would also reccomend that people who are sitting on the fence to wait to see how it goes with them.

I am not an employee of the company but I am checking out all the facts about Guardian Group Fund.  In reality, hedge funds are really very secretive about their deals.  This last comment was very well said.  It's what I mentioned in my last comment on the other report, that hedge funds are about making money.  If the consumer benefits, then it's a good windfall for the consumer.  Someone does lose money here, and that is the bank.  But I guess, not a total loss because the FDIC shares in some of the bank's losses.  So, I guess people looking for relief...this maybe is a good chance to get it.  This program will probably last for the next 2-3 years anyway...so you can still wait and research and find someone who has done this and ask for proof.  Better do that than believe some people here immediately for calling something a scam but they can't provide proof.

What I really hate is people that act like they know it all and state their opinion as though it is fact.  To these people everything is bullshit and everything is a scam, too good to be true, blah blah blah.  Furthermore, some people who post make comments that are defamatory.  If it's your opinion state it as an opinion.  If it's fact, be prepared to back it up and be prepared to have the evidence to defend it in court.  Well, I too am in the real estate business as a licensed agent and also a licensed attorney.  And there are some hedge funds that are, in fact, buying large portfolio of mortgage loans at large discounts from banks.  What was that comment something "oh, they don't buy direct from the consumer..." yes they do.  Read the article from the New York Times that was posted here.  Four years ago there were a lot people saying "banks don't do short sales...it's all bullshit."  A couple of years I ago I worked with a fund that was buying bulk REO ("real estate owned" foreclosed properties owned by banks) packages and it was purchased in very much the same way.  The free markets are very efficient if there is a buck to be made, investors will find a way to make it.  I worked for a "Big Four" Accounting firm some years back, doing taxes for big hedge funds and I can tell you first hand (because I was there for real, not stating an opinion as fact) that hedge fund managers are all about money.  They really don't give a s**t about consumers, all they care about is making money.  So if a hedge fund can buy a portfolio of mortgage loans from Bank of America for 30-40 cents on the dollar and then "flip it" at 50 cents and get the U.S. Government is bear the risk in the form of a FHA Loan, you better believe that they are going to try and do it.  And if a consumer can benefit from it (in the form of getting a huge chunk of their mortgage reduced) then more power to the consumer.  In my opinion, the unfortunate thing about some people posting here saying that everything is a scam is that there are consumers that could benefit from a program like this and ignoring it because they think it's all bullshit (again, because they are reading the comments here).  Obviously, you have to do your OWN research and form your OWN opinion.  Remember if this program is a fraud, then there are CRIMINAL consequences for the promoters.  What do the promoters gain?  $1600 bucks a pop but then you get a life sentice in prison giving up your a*s every night?  I personally find it hard to believe (again, this is MY opinion) that promoters would risk that.  So folks, do your OWN research and ask questions but don't pass on something just because you read some idiot(s) here posting s**t like they know what they are talking about when, in fact, they don't what the f--k they are talking about.

Hedge funds buy troubled loans at a discount

Louise Story, New York Times (Reprinted in the San Francisco Chronicle)

Sunday, November 22, 2009

As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.

Investment funds are buying billions of dollars' worth of home loans, discounted from the loans' original value. Then, in what might seem an act of charity, the funds are helping homeowners by reducing the size of the loans.

To the person that posted to search for "Deed of Trust" Guardian Group Fund... you must not know what a Deed of Trust is. I could go to the court house right now, transfer the title of my house to someone else, issue a new 'note' and have the same proof you do, without having done anything. I could also file it with an ammortizations schedule like you did (which lenders NEVER do), along with a map of where the property is to make it look more real. They very well could have stumbled into someone that already had a short sale pending, bought it, then reissued the note justifying to everyone that they are real. That is ONE NOTE filed back in November of last year, ONE. My mother in law sent me the information on this company and I called and asked some very pointed questions which they had to side step. I've been a mortgage broker for over 7 years AND we had a loan modification along with short sale division in our office. Negotiating with a bank, especially a loss mitigator that makes $8 an hour is nearly impossible. Getting files done in 90 days as they advertise is impossible. They knew all of you would jump on the bandwagon since you heard "3 months" and that once your money was paid, they wouldn't be able (or would want to) refund any monies paid to you. Furthermore. I read the post above from the lady that said she has her series 7 and I asked my ex husband that works on wall street if that was accurate and he said, "yes it was". Managing a fund without proper documentation and authorization so to speak is against the law. I wish all of you had a daughter in law to call that would have been able to point out the faults with this program, because I would have been able to tell you from day one that they aren't operating above board and use one property as their proof and even then, any idiot can see it's proof of nothing. Do a Google search, look at all the companies that have signed up under them that all say the same thing. They all have a fund. They all are direct. They have all closed 100's of files, but can only prove one. If I had this program, which I was to God I did, I would have a website with tons of proof on it to quell all of the issues people like us are having.

Hello, I am a homeower with a mortgage of $695K on a home now worth only $474K  I have tried multiple times to get a loan modification with my lender, one of the Big 4, and have yet to be successful.  Each time I'm told they haven't received all of my doc,, and they closed the file.  Trust me I hav fax sheet confirmation that they received it, each and every time.

So I stumbled upon the Principal Protection Program.  It 's extrememly interesting and sounds plausible.  I look into multiple companies doing this and they all seem to be fairly close in their descriptions.

Although apprehensive about trying this, I made the plunge because I feel I'm at a point where I need to do what I can to make this happen.  I have never been late on any payments, so I'm not a top priority in the Loan Mod. department with my lender.  However, my rate is resetting next year and I'm very anxious over it. 

I sent my paperwork in last Thursday.  I received notification by email that I was approved into the program and my file was on the negotiators desk.  My fingers are crossed, but it's still too early to determine anything positive or negative.

I'm just praying that this is not a hoax.... 

Hello, and thank you for the information.  I have a home that has declined in value by roughly 35%.  I owe $695,000 on it and according to Cyberhomes, it's valued now at $474,000. 

I have been an "A" paper customer to my mortgage company, yet I have not seen any relief, because I'm not late on any payments, etc.  With my 5 YR IO Arm resetting next year, I have grown very concerned.  After 2 different attempts at Loan Modification with Wells Fargo, I felt like I had no where to go. Both times, they closed my file, "because the documentation was not received" and yet I have confirmed fax sheets on 4 different occasions that show I faxed everything asked of me.  

In doing research I have come across the Principal Reduction Programs.  I have read up on many differnt sites, articles, hub pages, newspapers, all talking about this program.  I have spoke with 3 different consultants at 3 different companies about this program, and all of them seem to be very insightful and willing to help.  Although the $1595 fee concerned me, I feel that I have no other choice than to take the risk.  I decided to go with the Guardian Group Fund in hopes that my faith in Human Kind won't prove me foolish.  

Initially i was going to send my paperwork to another company, charging $1895, but decided to go with Guardian.  Funny thing too, was when I went back to the paper work sent to me by the company charging $1895, I found out that they too used Guardian Group Fund.   I guess they were tacking on extra consultant fees.

Anyway, after I gathered my 2 inch thick pile of paperwork, I overnighted my packet to Scottsdale in which it was received on January 14th.  I wrote my Guardian Consultant today, and he said he was out there and would find out where I'm at with the process.  I was told in 48-72 hours I would find out if i qualified, so I'm still waiting to hear. 

I am praying that this is not a scam, or that I have fell victom to some predatory practice.  I have faith that the person I'm dealing with couldn't possible be so hungry for money as to prey on individuals with our types of situations.  They have my information, they have my check.....I will keep you posted.

I will say this though....If anyone thinks I will be sitting and waiting for them to call me back, they have another thing coming.  I will be all over them like white on rice....they will get emails and phone calls from me every other day if needed until I get my answers.  By the end of it all, they will know my name and understand that this $1595 is to be earned.

Does it sound to good to be true?  Yes it does.  Could it be true?  Could be.

Everything they said on their website are not true.  After I paid the fee, I hardly get updates from them.  It's almost 4 months today and nothing happen.  Please do not trust them and give them your file.  They are not real!

Desperate people make desperate decisions.  If someone is underwater 200k, what is another $1599 right?  Look folks, if the Guardian Group Fund can do what they claim they can do then they could have potentially 1 million+ customers overnight.  How come this is not happening?  How come I have not found one customer that has said the Guardian Group Fund saved their home?  If they really can do what they claim, why not waive the upfront fees and throw it on the backend?  Or pay the $1599 out of pocket.  If they are going to make $1000's and $1000's on the deal, why not cover the $1599?  I am not going to say this is a scam but all signs sure do point to it.

I really hate to see people get taken advantage of... I found an ad on Craigslist in my area which is how I got started with looking into it. But this is too good to be true friends. If you connect the dots and I did long before I even thought twice about paying them. The people that run the company weren't doing anything related to hedge funds prior to when their business was registered in Arizona. As a matter of fact, they have zero experience with anything related to what they claim The Guardian Group Fund? There is no such thing... look it up. Their website and business name with the department of corporations in Arizona was only just registered last year - there is no 'fund' to speak of. Prior to that, one of the owners was a CPA... for MAYBE a year or two. I inquired months ago about his credentials and was told, "he owns the most prestigious CPA firm in Arizona that services attorneys, judges and officers of the law." This particular owner hadn't even been licensed for more than two years, but I was told he owned it for over 30. I know what building they are in, sure it's nice, but if you want to stop by, it's two executive suites with a bunch of guys crammed in looking busy. They used to do loan mods to top it off (but pretend they didn't/don't) and realized, like others in the industry that if you are qualified enough, you can negotiate with the banks to get a lessor payoff - HOWEVER, the new laws prohibit anyone from contacting a bank as a third party unless they are an attorney, which none of them are, nor are they backed by one. Do your own research, search for one of the principal owners that you can find on Arizonas Department of Corporations, find the personal email address associated with him and you'll see multiple instances of him as late as July of last year posting on a blog, discussing needing a job. Now find the other partners name and you'll find multi level marketing schemes associated with him. I found two! If there is a hedge fund, it should have a filing with the SEC, I know this because I have my series 7 and 66 license. At the very least, even playing devils advocate and they 'had access to the funds', they'd be operating it illegally. As far as the proof I was provided. Any idiot can see it's just a deed of trust, issued by Guardian Group to fool anyone else that doesn't know any better... I could issue a deed of trust to my husband, from one of my LLC's and make it look exactly the same! To you people, it's one indication of 'something' happening, but any idiot in the finance industry knows it's smoke and mirrors. Ironically enough, I spoke to three separate Guardian people who shall remain nameless. I was told by each and every one of them that they've closed HUNDREDS of these and it only takes 90 days (like you were all told)... if they've funded so many, why not issue a press release calming everyones nerves. They can't because there is no such proof. They'll tell you it's privacy issues... well guess what, public records aren't private, or they'd be called private records. They know, they have to pump and dump each and every one of you to earn as much as they can, because what they're doing isn't real or legal (if they are backed by some fund). Like I said. These guys weren't doing anything 6 months ago, but all of the sudden, they have 5 billion dollars to play with. Come on friends. I realize you want this to be true... but Guardian Group Fund hasn't done anything for the people above except take your money and not promise you a thing. Emails go unanswered, Guardian Group Fund own message about 90 days being the timeline came and went for you without even getting one iotta of update. To the one that said your bank was called by them - that's all they'll tell you, because regardless of whatever authorizations you filed for this, they aren't attorneys and the banks won't deal with them. I wish there was a program as easy as this. Coming from someone in finance, there are funds that do this, but 9 out of 10 of them don't solicit borrowers like this, they buy loans en bulk through a separate federally funded buyback program that I'm not even going to list, because then, the next thing you know, they'll be telling people that's their fund.

I am in the same situation with Guardian.

Positive: The program.

Negative: So far:

The process is slow.

It seems like a multilevel marketing where there is one hedge fund (seems like) and everyone is contending to give a business to that fund for some fix percentage.

Need to send an email to (((Redacted))) for updates but there are hardly any updates.

Will keep this thread posted as things progress.



CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

 I applied for the "principal reduction program" as a desperate home owner who is upside down in my home.

 Not So Good News: I paid the 1595.00 fee and have been left in the dark (for the most part) I never received the 48 hour "pre approval" that they have on the contract. Nor have I heard from an Appraiser or anything of that sort. My particular file has been with this company for just over the 90 day period that they request to handle the file. I contacted their update@guardian group.com email and have not received a straight answer. The fellow who originally referred me to them is now saying that he did not get his principal reduction completed and his bank told him that they have not been approached by anyone. At this point he is no longer referring clients to them

Decent News: About a week before my 90 days waiting period was up I received an email stating that things were running a bit slower because the holidays. That, I completely understand. The email said that I should start getting more information after the 7th of January. So far I have not heard anything. Secondly, today I called my bank and they said that they had recently (Jan 2010) been contacted by the guardian group. Not much inforamtion was given on the contact. That particular thing put my mind slightly at ease for the tiem being.

Conclusion: I know this company operates in at least AZ and CA. I have seen one example of a completed deal (go to Maricopa COunty Recorders office and type in the business name). I would not sway anyone in either direction at this point. I understand that this stuff takes time so I am not going to jump all over the company negatively at this point. I just wish they would have a better system on updating clients. Only time will tell if my deal gets completed. Once I get a confirmed yea or nea I will place a rebuttal to this posting. Photos:

I work with The Guardian Group Fund as an intermediary. The Guardian Group Fund is a 5+ billion dollar private equity firm currently involved in purchasing the servicing rights to toxic mortgages in bundles. These bundles of loans are purchased at below fair market value as the banks receive compensation from the FDIC (www.fdic.gov) to sell them off at a discount. The Guardian Group Fund will either have the individual loans financed at 90% of the homes current market value through a fully certified and licensed FHA lender (www.fha.gov) or The Guardian Group will fund the new loan amount themselves at 30 years fixed (6.25% for well qualified clients, 7.25% for credit challenged clients). The Unites States Treasury Department is pushing banks to release themselves of these mortgages that are holding down the banks overall financial health. Research www.ustreas.gov to help you better understand how this process works.

For homeowners that owe more than 125% LTV on their 1st mortgage they can reduce their principal balance down to 90% of the homes current market value and eliminate any 2nd mortgage during the process. There are no tax ramifications to the home owner. We are not a loan modification company and we are not promising to save your home from foreclosure. Although we can certainly assist homeowner that are currently delinquent.

Program fees are clearly listed on your new HUD1 statement at required by federal law. The total fees an individual client will pay are $1595.00 which include all costs associated with the transaction. This amount covers Escrow, Title, Appraisal and Consulting fees. I put a clients loan docs on my website so potential clients can see for themselves.

Please contact me directly if you believe this program would benifit you. No hard selling... you either qualify for the program or you don't.

Click on these link to research what we do for yourselves. Don't pay any attention to these people posting on ripoff report. They have NOT been ripped off. I receive about 5-10 referrals weekly from Attorneys, Real Estate Professionals, Debt Counselors, etc... Not 1 unsatisfied customer, only tons of referrals!

http://www.nytimes.com/2009/11/22/business/22loans.html?_r=1

http://knowledge.wharton.upenn.edu/article.cfm?articleid=2196

http://www.ustreas.gov/press/releases/tg65.htm

Paul Saindon

paul@theguardiangroupfund.com

714-924-0502 Direct

888-538-6161 Fax

(((Redacted)))

They have a lot of information on how to spot and avoid mortgage scams - Upfront fees are one of the keys to look for
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Facing foreclosure? Scammers are targeting people having trouble paying their mortgages. Some claim to be able to rescue homeowners from foreclosures, while others promise loan modifications for a fee. The Federal Trade Commission , the nations consumer protection agency, wants you to know how to avoid scams that could make your housing situation go from bad to worse.
Dont Get Hit by a Pitch.
We can stop your foreclosure! 97% success rate! Guaranteed to save your home!
These kinds of claims are the tell-tale signs of a foreclosure rip-off. Steer clear of anyone who offers an easy out.
Dont Pay for a Promise.
Dont pay any business, organization, or person who promises to prevent foreclosure or get you a new mortgage. These so-called foreclosure rescue companies claim they can help save your home, but theyre out to make a quick buck. Some may request hefty fees in advance and then stop returning your calls. Others may string you along before disclosing their charges. Cut off all dealings if someone insists on a fee.
Send Payments Directly.
Some scammers offer to handle financial arrangements for you, but then just pocket your payment. Send your mortgage payments ONLY to your mortgage servicer.
Dont Pay for a Second Opinion.
Have you applied for a loan modification and been turned down? Never pay for a second opinion.
Imitations = Frustrations.
Some con artists use names, phone numbers, and websites to make it look like theyre part of the government. If you want to contact a government agency, type the web address directly into your browser and look up any address you arent sure about. Use phone numbers listed on agency websites or in other reliable sources, like the Blue Pages in your phone directory. Dont click on links or open any attachments in unexpected emails.
Talk to a HUD-Certified Counseling Agency For Free.
If youre having trouble paying your mortgage or youve already gotten a delinquency notice, free help is a phone call away. Call 1-888-995-HOPE for free personalized advice from housing counseling agencies certified by the U.S. Department of Housing and Urban Development (HUD). This national hotline open 24/7 is operated by the Homeownership Preservation Foundation, a nonprofit member of the HOPE NOW Alliance of mortgage industry members and HUD-certified counseling agencies. For free guidance online, visit www.hopenow.com . For free information on the Presidents plan to help homeowners, visit www.makinghomeaffordable.gov .
Federal Trade Commission ftc.gov/MoneyMatters
Call 1-888-995-HOPE for free personalized guidance from housing counseling agencies certified by the U.S. Department of Housing and Urban Development. The Homeowners HOPE Hotline open 24/7 is operated by the Homeownership Preservation Foundation, a nonprofit member of the HOPE NOW Alliance of mortgage industry members and HUD-certified counseling agencies. Or visit www.hopenow.com
For free information on the Presidents plan to help homeowners, visit www.makinghomeaffordable.gov
March 2009
 

Deceptive Mortgage Ads: What They Say; What They Leave Out
If youre looking for a mortgage to buy a home or refinance an existing loan, you may see or hear ads with offers of low rates or payments. Whether you see them on the Internet, on television or in the paper, or whether they come by fax or mail, some of these ads look like theyre from your mortgage company or a government agency. Regardless of where you see the ads, remember that while the offers are tempting, some are terribly flawed: they dont disclose the true terms of the deal as the law requires.
The Federal Trade Commission, the nations consumer protection agency, says that when youre shopping for a home loan, its important to understand all the terms and conditions of a proposed loan. Start with what is in the ad itself. Read whats between the lines as well as whats in front of your eyes.
What The Ads Say
To help you recognize an offer that may be less than complete, the FTC wants you to know the buzz words that should trigger follow-up questions, as well as information to insist on after youve read an ad.
A Low Fixed Rate: Ads that tout a fixed rate may not tell you how long it will be fixed. The rate may be fixed for an introductory period only, and that can be as short as 30 days. When you shop for a mortgage, you need to know when and how your rate, and payments, can change.
Very Low Rates: Are the ads talking about a payment rate or the interest rate? This important detail may be buried in the fine print, if its there at all. The interest rate is the rate used to calculate the amount of interest you will owe the lender each month. The payment rate is the rate used to calculate the amount of the payment you are obligated to make each month. Some offers advertise a low payment rate without telling you that it applies only during an introductory period. Whats more, if the payment rate is less than the interest rate, you wont be covering the interest due. This is called negative amortization. It means that your loan balance is actually increasing because youre not paying all the interest that comes due, and the lender is adding the unpaid interest to the balance you owe.
Very Low Payment Amounts: Ads quoting a very low payment amount probably arent telling the whole story. For example, the offer might be for an Interest Only (I/O) loan, where you pay only the amount of interest accrued each month. While the low payment amount may be tempting, eventually, you will have to pay off the principal. Your payment may go up after an introductory period, so that you would be paying down some of the principal or you may end up owing a balloon payment, a lump sum usually due at the end of a loan. You must come up with the money when a balloon payment is due. If you cant, you may need another loan, which, in turn, means new closing costs, and potentially points and fees. And if housing prices are falling, you might not be able to refinance to lower your payments.
Mortgage rates near 30-year lows! Rates as low as 1%! You are paying too much! Who doesnt want to reduce their mortgage payments? Loan amount $300,000 - pay only $900 per month!: Ads with teaser short term rates or payments like these dont often disclose that a rate or payment is for a very short introductory period. If you dont nail down the details in advance about your rates and payments for every month of the life of your loan, expect payment shock when the rate and payment increase dramatically.
Important Notice From Your Mortgage Company. Open Immediately - Important Financial Information Enclosed. Please do not discard - account information enclosed: Appearances can be deceiving. Mailers that have information about your mortgage and your lender may not be from your lender at all, but rather from another company that wants your business. Companies can legally get your information from public records. Before you respond to any offer, review it carefully to make sure you know who youre dealing with.
You are eligible to take part in an exclusive interest rate reduction program. This financial institution has been licensed to negotiate your existing adjustable mortgage to a new fixed rate mortgage. You must contact us immediately regarding this notice. Some businesses use official-looking stamps, envelopes, forms, and references to make you think their offer is from a government agency or program. If youre concerned about a mailing youve received, contact the government agency mentioned in the letter. If its a legitimate agency and not one that just sounds like a government agency youll find the phone number in the Blue Pages of your telephone directory.
What the Ads Dont Say
The APR: The Annual Percentage Rate is a critical factor in comparing mortgage offers from different lenders. It is the total cost of the credit expressed as a yearly interest rate. This rate is different than the simple interest rate on your loan note, because the APR includes all costs of the credit such as points and processing fees. Knowing the APR makes it easier to compare apples to apples when considering mortgage offers. Look for the APR for your loan. The amount may not be in the ad at all; it may be hidden in the fine print, or it may be available deep within a website after multiple clicks.
Important Payment Information: Its hard to know what you dont know, and often, some of the most important information you need isnt in the ad, is hidden in the fine print, or is available only at a website after many clicks. To make an informed judgment about any mortgage offer, you need to know or ask:

What will the monthly payment be for every month of the loan, and could it increase? When could it increase? What would your new payment be? Could your monthly payment increase more than once?
Does the monthly payment include an escrow amount to pay for your property taxes and homeowners insurance? Or must you pay these costs on your own? If you have to pay on your own, ask your lender for an estimate so you can budget accordingly.
What is the term of the loan (for example, 15 years? 30 years?)? How many payments will you have to make? Would the loan be paid off at the end or would you still owe a balloon payment?
Will you have to pay prepayment penalties to refinance and pay off the loan early? If so, how much, and when would they apply? If the loan has an introductory or teaser rate, can you refinance, without penalties, before the rate resets and your payment increases?
For More Information
To learn more about shopping for mortgages, visit www.ftc.gov/credit and click on Mortgages & Real Estate. The Federal Reserve Board also has several helpful publications and a mortgage comparison calculator at www.federalreserve.gov/consumers.htm
The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues , visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network , a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. 
September 2007