This company guarantees an 80% refund if they are unsuccessful in modifying your current home mortgage to a low fixed rate. Upfront Fee charged is 1% of loan amount, over 4k in my case. By their own statement a standard process may take anywhere from 30 to 180 days. My account has reached over 365 days. Needless to say I am without a Modified loan or Refund. This company is running a pure scam. "BBB" rating for this company is an "F", with over 20 complaints already filed without a response. I should have known better not to do business with any company that charges a upfront fee.
Sandy Rolston
Brunswick,#2General Comment
Fri, February 11, 2011
I knoww the Attorney General says that they will look into but has it been confirmed. Business like this should be shut down right away
kkashem
Aldie,#3Author of original report
Mon, January 10, 2011
The Ohio Attorney General's Office is initiating a Formal Investigation of The Modification Group, with 36 complaints filed with the Consumer Protection Section.
"BBB" online has a Industry comparison table which states..
# of business with NO complaints in the past 36 months - 12.
# of business with 1-4 complaints in the past 36 months - 5.
# of business with 26-99 complaints in the past 36 months - 1 "TMG" is in this range.
Total # of same relative size business in the BBB database in this type of business - 19
kkashem
Aldie,#4Author of original report
Tue, December 28, 2010
"BBB" is now reporting 26 complaints filed against this company, 15 regarding refund issues. Please click link below...
http://www.bbb.org/cleveland/business-reviews/loan-modification/the-modification-group-llc-in-broadview-heights-oh-92001342/
Website address for this Ripoff Modification company is..
www.TMGteam.net