USMAC Law Group - Is it a loan modification scam?

Guest

Have anyone heard of ( Elect Group,LLC in Coral Springs FL.)
Iam in default for about 3000.00 on my loan with 8.5 fixed rate.
They wont 1.995 up front .To begin paper work on a loan modification
said that they should beable get me 4.fixed rat. Do anyone thank that this might be a scam[/b]

eric1 · Posted: Fri Jan 09, 2009 7:29 pm Post subject:

I dont know how they can get you that rate. Be very careful. It may be wise to have an attorney read over the contract.

gmakerley · Posted: Sat Jan 10, 2009 6:13 am Post subject:

i would avoid any company that wants a fee to help you modify your mortgage. it is probably a ripoff. go to the hud website (hud.gov) and search for counselors. there is a wide array of counseling locations across the country that will help borrowers.

of course, your first best bet is to be in contact with your lender to begin with.

beware of this company and what they propose - my suspicion is that you'll not only lose $1995, but your house will disappear in the process, too.

Guest

Do not walk, RUN from the elect group llc! They will not do anything for you! I worked with them for EIGHT months trying to mod my loan. They never even contacted my lender. I called my lender and had my mod in under 2 weeks.

Just call your lender, fax a hardship letter etc. PLEASE do not give elect group any of your money!

Guest

Elect group is a scam .They got my family for 1400.00$$. They keep saying we never sent in the forms,they have no attention on helping anyone.
Look them up there are alot of us scamed by them!!!

NicoleSeymour · Joined: 03 Jun 2009 Posts: 1 1.90 Dollars($)

Hi there! I am a Mortgage Modification Specialist and I gotta say, it's a scam! Any company that asks for money upfront and says they are going to "do you a service" is VERY incorrect! If its the lender or a company that is going to offer you services for free and then you pay later, that's one thing. Also, if its a company that offers a 'do-it-yourself' kit, they also are generally safe. I would be aware and cautious.

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chrsmackenzie · Joined: 08 Jun 2009 Posts: 5 2.94 Dollars($)

To be honest with you its a scam if they are asking for an upfront. So be careful.

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Guest

Ok... You can work with your Lender..just make sure to talk with them even if it's everyday. I know because I'm going through it. #2. Ask your Lender if your loan falls under the new Obama plan. #3. Make sure to send everything they request and note your name,loan # on every page that you send them so paper does not get lost (write names, #'s of reps). #4 Make sure your hardship is truly a hardship..loss of job, loss of value, etc. #5. Send everything again as they request, deal with the letters and calls as it is continuous. You can do this but it takes months and patience.

Guest

Has anyone ever heard of USMAC Law Group? They charge $3500 to do a loan modification. Or is this a scam? My gut is telling me this is a scam even though they produce examples of people they helped? I welcome all feedback.

manoj_gopale · Joined: 16 Feb 2009 Posts: 481 0.49 Dollars($)

I searched on the net about USMAC Law Group but I haven't got any single positive feedback about the company.Personally I haven't used his service but from what i have heard from other guys that they charge more than $ 2000 for credit repair.

I personally believe that one should never pay such a big amount to any person /company for this small service.

Credit repair service is not that costly. so surely they are charging skyrocketing amount. one can see report about them on rip off .com also for further details about the company

keep in touch.....
.

Guest

Today is June 29, 2009 and i just got off the phone with the better business bureau in California, where USMAC Law Group is located. They said since 2000 there has been 11 complaints larged against them in three years and the better business bureau rate them with an "F" as in failure to come through with any promises they make to their clients. Yes they always over charge!!!! BBB-California # is 909 825-7280 busy time is 11am-lpm, not so busy time is after lpm ok God Bless America Always!

Guest

My son is doing a loan modification with USMAC Law Group. He gave them $1000.00 they want 1995.00 more. Please let me know if someone call help! I have tried to pull up there law group & no such Law Group. They sent him a Statement from a law office from Christian M Dillon. Please help!!

adonis · Posted: Tue Jul 07, 2009 10:45 pm Post subject:

Hi Theresa,

It is the lender who will help your son in getting a loan modification and the fees for loan modification may vary from lender to lender. You do not need a law firm to deal with the lender for a loan modification. Your son should directly speak to the lender regarding loan modification.

gmakerley · Posted: Thu Jul 09, 2009 6:56 am Post subject:

everyone should be spreading the news that it makes no sense to send dollar after dollar to an outfit that claims (pretends) to represent borrowers in seeking loan modifications.

modifications are done only by the lender holding the mortgage. direct contact with the lender is the only way in which a modification is going to take place. there's no reason why a borrower/homeowner should avoid having an advocate to assist, but there are plentiful advocates/counselors available. all anyone has to do is visit the hud website (hud.gov) and search for counselors in a particular state and the list is lengthy in each case.

this most recent post of the homeowner already haven spent $1000 and now the "law firm" wants another $1995 - this is awful and needs to be avoided at all costs by all borrowers.

Guest

for sure don't use USMAC CHRISTIAN M DILLON ATTORNEY OFFICE I GOT SCAM FOR THEM 6 MONTHS AGO THEY GOT FROM 3.474.00 NEVER DID ANYTHING TO HELP ME BE CAREFUL

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