Complaint Review: Legal Loan Audits - San Diego California

These guys are crooks, They ripped me off, said they would return half of my money and did not do that.  Now the BBB gave them an F rating, which is what it should have been when I check originally.

Farkedborrower is only going off because he was fired from Legal Loan Bailout for, to put it nicely, being less than sane

In response to the supposed "past client", President Obama, the attorney general and the Treasury Department have said that the government is going to help for free, and to run, not walk, away from all businesses promising loan modifications for an upfront fee. Do you want to to trust the government or some anonymous "past client" who types up a vague rebuttal online? From the article at the top: ------------ "If you are struggling to make your mortgage payment, or if you are facing foreclosure, stay away from anyone who says that they will save your home for money upfront," Illinois Attorney General Lisa Madigan told reporters in Washington. Officials say such operations almost always are fraudulent, and that help is available for free from government-approved housing counselors. ------------ Free help from the government is here: http://www.makinghomeaffordable.gov/ and (888) 995-HOPE. Or you can pay $5000 upfront to this company for promises they have little control over. If you do want to hand over your money to these guys who committed 80 counts of mortgage fraud (read this previous ripoff report: http://www.ripoffreport.com/reports/0/437/RipOff0437541.htm and google Michael Shields and Jarrett Pugh), then do it after they give you some results. You could offer them 10% of your mortgage savings after they give you some results. If they knock off $20,000 off your principal, then give them $2000. If they only knock off $10/month off your mortgage, then pay them $1/month ($12/year : $60 total for a 5 year ARM) in return. Call your lender first, verify the modification and then pay. Do not pay any loan modification companies upfront! Do not let them walk away with your money even if they offer a money-back guarantee. Watch videos that are linked below. And "past client" is right: all private companies are going to charge you for their help, and this is the ripoff. California has approved only a handful of advance-fee private companies. http://www.dre.ca.gov/mlb_adv_fees.html http://www.dre.ca.gov/mlb_adv_fees_list.html On the other hand, the government is doing it for FREE. They are not making money by doing this. They are trying to prevent the little guy from going bankrupt and getting scammed. A few videos to watch and articles to read: http://www.10news.com/news/18980341/detail.html http://www.10news.com/investigations/18002972/detail.html http://www.sandiego6.com/mediacenter/local.aspx?videoID=586342 http://abclocal.go.com/kfsn/story?section=news/local&id=6715133 A list of approved Housing Counseling agencies: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?&webListAction=search&searchstate=CA

In response to the supposed "past client", President Obama, the attorney general and the Treasury Department have said that the government is going to help for free, and to run, not walk, away from all businesses promising loan modifications for an upfront fee. Do you want to to trust the government or some anonymous "past client" who types up a vague rebuttal online? From the article at the top: ------------ "If you are struggling to make your mortgage payment, or if you are facing foreclosure, stay away from anyone who says that they will save your home for money upfront," Illinois Attorney General Lisa Madigan told reporters in Washington. Officials say such operations almost always are fraudulent, and that help is available for free from government-approved housing counselors. ------------ Free help from the government is here: http://www.makinghomeaffordable.gov/ and (888) 995-HOPE. Or you can pay $5000 upfront to this company for promises they have little control over. If you do want to hand over your money to these guys who committed 80 counts of mortgage fraud (read this previous ripoff report: http://www.ripoffreport.com/reports/0/437/RipOff0437541.htm and google Michael Shields and Jarrett Pugh), then do it after they give you some results. You could offer them 10% of your mortgage savings after they give you some results. If they knock off $20,000 off your principal, then give them $2000. If they only knock off $10/month off your mortgage, then pay them $1/month ($12/year : $60 total for a 5 year ARM) in return. Call your lender first, verify the modification and then pay. Do not pay any loan modification companies upfront! Do not let them walk away with your money even if they offer a money-back guarantee. Watch videos that are linked below. And "past client" is right: all private companies are going to charge you for their help, and this is the ripoff. California has approved only a handful of advance-fee private companies. http://www.dre.ca.gov/mlb_adv_fees.html http://www.dre.ca.gov/mlb_adv_fees_list.html On the other hand, the government is doing it for FREE. They are not making money by doing this. They are trying to prevent the little guy from going bankrupt and getting scammed. A few videos to watch and articles to read: http://www.10news.com/news/18980341/detail.html http://www.10news.com/investigations/18002972/detail.html http://www.sandiego6.com/mediacenter/local.aspx?videoID=586342 http://abclocal.go.com/kfsn/story?section=news/local&id=6715133 A list of approved Housing Counseling agencies: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?&webListAction=search&searchstate=CA

In response to the supposed "past client", President Obama, the attorney general and the Treasury Department have said that the government is going to help for free, and to run, not walk, away from all businesses promising loan modifications for an upfront fee. Do you want to to trust the government or some anonymous "past client" who types up a vague rebuttal online? From the article at the top: ------------ "If you are struggling to make your mortgage payment, or if you are facing foreclosure, stay away from anyone who says that they will save your home for money upfront," Illinois Attorney General Lisa Madigan told reporters in Washington. Officials say such operations almost always are fraudulent, and that help is available for free from government-approved housing counselors. ------------ Free help from the government is here: http://www.makinghomeaffordable.gov/ and (888) 995-HOPE. Or you can pay $5000 upfront to this company for promises they have little control over. If you do want to hand over your money to these guys who committed 80 counts of mortgage fraud (read this previous ripoff report: http://www.ripoffreport.com/reports/0/437/RipOff0437541.htm and google Michael Shields and Jarrett Pugh), then do it after they give you some results. You could offer them 10% of your mortgage savings after they give you some results. If they knock off $20,000 off your principal, then give them $2000. If they only knock off $10/month off your mortgage, then pay them $1/month ($12/year : $60 total for a 5 year ARM) in return. Call your lender first, verify the modification and then pay. Do not pay any loan modification companies upfront! Do not let them walk away with your money even if they offer a money-back guarantee. Watch videos that are linked below. And "past client" is right: all private companies are going to charge you for their help, and this is the ripoff. California has approved only a handful of advance-fee private companies. http://www.dre.ca.gov/mlb_adv_fees.html http://www.dre.ca.gov/mlb_adv_fees_list.html On the other hand, the government is doing it for FREE. They are not making money by doing this. They are trying to prevent the little guy from going bankrupt and getting scammed. A few videos to watch and articles to read: http://www.10news.com/news/18980341/detail.html http://www.10news.com/investigations/18002972/detail.html http://www.sandiego6.com/mediacenter/local.aspx?videoID=586342 http://abclocal.go.com/kfsn/story?section=news/local&id=6715133 A list of approved Housing Counseling agencies: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?&webListAction=search&searchstate=CA

In response to the supposed "past client", President Obama, the attorney general and the Treasury Department have said that the government is going to help for free, and to run, not walk, away from all businesses promising loan modifications for an upfront fee. Do you want to to trust the government or some anonymous "past client" who types up a vague rebuttal online? From the article at the top: ------------ "If you are struggling to make your mortgage payment, or if you are facing foreclosure, stay away from anyone who says that they will save your home for money upfront," Illinois Attorney General Lisa Madigan told reporters in Washington. Officials say such operations almost always are fraudulent, and that help is available for free from government-approved housing counselors. ------------ Free help from the government is here: http://www.makinghomeaffordable.gov/ and (888) 995-HOPE. Or you can pay $5000 upfront to this company for promises they have little control over. If you do want to hand over your money to these guys who committed 80 counts of mortgage fraud (read this previous ripoff report: http://www.ripoffreport.com/reports/0/437/RipOff0437541.htm and google Michael Shields and Jarrett Pugh), then do it after they give you some results. You could offer them 10% of your mortgage savings after they give you some results. If they knock off $20,000 off your principal, then give them $2000. If they only knock off $10/month off your mortgage, then pay them $1/month ($12/year : $60 total for a 5 year ARM) in return. Call your lender first, verify the modification and then pay. Do not pay any loan modification companies upfront! Do not let them walk away with your money even if they offer a money-back guarantee. Watch videos that are linked below. And "past client" is right: all private companies are going to charge you for their help, and this is the ripoff. California has approved only a handful of advance-fee private companies. http://www.dre.ca.gov/mlb_adv_fees.html http://www.dre.ca.gov/mlb_adv_fees_list.html On the other hand, the government is doing it for FREE. They are not making money by doing this. They are trying to prevent the little guy from going bankrupt and getting scammed. A few videos to watch and articles to read: http://www.10news.com/news/18980341/detail.html http://www.10news.com/investigations/18002972/detail.html http://www.sandiego6.com/mediacenter/local.aspx?videoID=586342 http://abclocal.go.com/kfsn/story?section=news/local&id=6715133 A list of approved Housing Counseling agencies: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?&webListAction=search&searchstate=CA

In response to the supposed "past client", President Obama, the attorney general and the Treasury Department have said that the government is going to help for free, and to run, not walk, away from all businesses promising loan modifications for an upfront fee. Do you want to to trust the government or some anonymous "past client" who types up a vague rebuttal online? From the article at the top: ------------ "If you are struggling to make your mortgage payment, or if you are facing foreclosure, stay away from anyone who says that they will save your home for money upfront," Illinois Attorney General Lisa Madigan told reporters in Washington. Officials say such operations almost always are fraudulent, and that help is available for free from government-approved housing counselors. ------------ Free help from the government is here: http://www.makinghomeaffordable.gov/ and (888) 995-HOPE. Or you can pay $5000 upfront to this company for promises they have little control over. If you do want to hand over your money to these guys who committed 80 counts of mortgage fraud (read this previous ripoff report: http://www.ripoffreport.com/reports/0/437/RipOff0437541.htm and google Michael Shields and Jarrett Pugh), then do it after they give you some results. You could offer them 10% of your mortgage savings after they give you some results. If they knock off $20,000 off your principal, then give them $2000. If they only knock off $10/month off your mortgage, then pay them $1/month ($12/year : $60 total for a 5 year ARM) in return. Call your lender first, verify the modification and then pay. Do not pay any loan modification companies upfront! Do not let them walk away with your money even if they offer a money-back guarantee. Watch videos that are linked below. And "past client" is right: all private companies are going to charge you for their help, and this is the ripoff. California has approved only a handful of advance-fee private companies. http://www.dre.ca.gov/mlb_adv_fees.html http://www.dre.ca.gov/mlb_adv_fees_list.html On the other hand, the government is doing it for FREE. They are not making money by doing this. They are trying to prevent the little guy from going bankrupt and getting scammed. A few videos to watch and articles to read: http://www.10news.com/news/18980341/detail.html http://www.10news.com/investigations/18002972/detail.html http://www.sandiego6.com/mediacenter/local.aspx?videoID=586342 http://abclocal.go.com/kfsn/story?section=news/local&id=6715133 A list of approved Housing Counseling agencies: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?&webListAction=search&searchstate=CA

I have done my research and there was nothing official that was negative, It seems that everything is above board and they have been diligent in response to all of my concerns. Yes there is alot of bad press in the media in regards to loan modification companies but i have tried to do it on my own and nothing came about. I think that this media is to just directed create panic around the industry in general. Lets face it, NO BANKS WANT TO WORK WITH THERE CUSTOMERS TO LOSE MONEY. And to be quite Frank I feel that any of these companies that claim to be working for free have got to be getting paid somehow someway. Thanks

EXCERPTS FROM AN ARTICLE FOUND ON CONSUMERAFFAIRS WEBSITE At a joint press conference today, Treasury Secretary Timothy Geithner, Attorney General Eric Holder, Department of Housing and Urban Development Secretary Shaun Donovan, and, on behalf of state enforcers, Illinois Attorney General Lisa Madigan, joined Federal Trade Commission Chairman Jon Leibowitz in warning consumers about these types of scams and in encouraging consumers to seek out free, HUD-approved housing counselors for help with their mortgages. Holder said the FBI is investigating more than 2,100 mortgage fraud cases, up almost 400 percent from five years ago. He said the Bureau has more than doubled the number of agents investigating mortgage scams, has created a National Mortgage Fraud Team at headquarters in Washington, and is working hand-in-hand with our partners at other agencies.

EXCERPTS FROM AN ARTICLE FOUND ON CONSUMERAFFAIRS WEBSITE At a joint press conference today, Treasury Secretary Timothy Geithner, Attorney General Eric Holder, Department of Housing and Urban Development Secretary Shaun Donovan, and, on behalf of state enforcers, Illinois Attorney General Lisa Madigan, joined Federal Trade Commission Chairman Jon Leibowitz in warning consumers about these types of scams and in encouraging consumers to seek out free, HUD-approved housing counselors for help with their mortgages. Holder said the FBI is investigating more than 2,100 mortgage fraud cases, up almost 400 percent from five years ago. He said the Bureau has more than doubled the number of agents investigating mortgage scams, has created a National Mortgage Fraud Team at headquarters in Washington, and is working hand-in-hand with our partners at other agencies.

EXCERPTS FROM AN ARTICLE FOUND ON CONSUMERAFFAIRS WEBSITE At a joint press conference today, Treasury Secretary Timothy Geithner, Attorney General Eric Holder, Department of Housing and Urban Development Secretary Shaun Donovan, and, on behalf of state enforcers, Illinois Attorney General Lisa Madigan, joined Federal Trade Commission Chairman Jon Leibowitz in warning consumers about these types of scams and in encouraging consumers to seek out free, HUD-approved housing counselors for help with their mortgages. Holder said the FBI is investigating more than 2,100 mortgage fraud cases, up almost 400 percent from five years ago. He said the Bureau has more than doubled the number of agents investigating mortgage scams, has created a National Mortgage Fraud Team at headquarters in Washington, and is working hand-in-hand with our partners at other agencies.

EXCERPTS FROM AN ARTICLE FOUND ON CONSUMERAFFAIRS WEBSITE At a joint press conference today, Treasury Secretary Timothy Geithner, Attorney General Eric Holder, Department of Housing and Urban Development Secretary Shaun Donovan, and, on behalf of state enforcers, Illinois Attorney General Lisa Madigan, joined Federal Trade Commission Chairman Jon Leibowitz in warning consumers about these types of scams and in encouraging consumers to seek out free, HUD-approved housing counselors for help with their mortgages. Holder said the FBI is investigating more than 2,100 mortgage fraud cases, up almost 400 percent from five years ago. He said the Bureau has more than doubled the number of agents investigating mortgage scams, has created a National Mortgage Fraud Team at headquarters in Washington, and is working hand-in-hand with our partners at other agencies.