Morganna Posted November 22, 2009 Report Share Posted November 22, 2009 NY Attorney General:http://www.oag.state.ny.us/media_center/2009/nov/nov19b_09.htmlWanted to post this just in case Link to comment Share on other sites More sharing options...
charmgoodcredit Posted November 25, 2009 Report Share Posted November 25, 2009 Wow, happy I never used a mod service. Alot of people don't know that in MI you don't have to pay up front that legally they have to provide the service and then you pay. But people don't know and they pay and then get shafted. Too sad with the mess that everyone is in you would think people would stop scamming others. Link to comment Share on other sites More sharing options...
2ndTimeAround Posted November 25, 2009 Report Share Posted November 25, 2009 Amerimod AKA American Modification Agency were the King of Modification Scamming Companies. I know first hand - temporary worked for them for 3 months at their headquarters, long enough to see they were not an honest company. It is unfortunate companies like them hurt the honest people that are in the business of helping people. I'm an adult and I believe in helping out people, the things I saw behind closed doors was unbelievable. In November of 2008 - started an endeavor to shut them down by contacting the local TV stations, media and the internet. In November 2008 - Crains Business News interviewed me http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20090111/FREE/301119975 New York Newsday wanted to meet with me, only did a telephone interview http://www.newsday.com/news/region-state/ag-plans-civil-charges-against-loan-modification-firm-1.1242400 I told a few of my clients to contact the New York Attorney Generals office. In April last year the Maryland FBI called and interviewed me for information about AMA. Within the last two years, the popularity of loan modifications has grown. Mainly due to the mortgage meltdown back in 2007. Who wouldn't be interested in saving money off their house payment. It is not as easy as it appears, it requires a skill of negotiation, and proving a hardship.For the people that did their own successful modifications getting 4% to 5% fix for 5 year ARM, congrats you saved a few dollars up front. Through attorney modifications with BoA, Indymac, Wells Fargo, Saxon, Ocwen, and many others, seeing modifications completed at 2% - 4% fixed for the life of the loan with all arrears on the back end of the loan. (Note - not all modifications are the same). Link to comment Share on other sites More sharing options...
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