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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's picture
eric1 | Joined: January 4, 2009 03:52 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 01/09/2009 - 18:29 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Sat, 01/10/2009 - 05:13 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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!

Like | Dislike | Share | Posted: Wed, 03/11/2009 - 18:05 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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!!!

Like | Dislike | Share | Posted: Sat, 04/04/2009 - 00:35 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

if a company gives you a guarantee that it will solve your problems, run away.
if a company charges a large sum of money up front, you may not need to run away, but you truly need to delve deeper into what they're doing with that money.
if a company suggests that you give them your money, stop making mortgae payments, and wait for them to get back to you, run away.

when you run away, be certain that you maintain contact with your lender. that is the one entity that won't ask you for money upfront to consider a modification or to remedy your situation, other than asking you for regular mortgage payments.

Like | Dislike | Share | Posted: Mon, 02/01/2010 - 14:16 | Post subject:

Nicole.Seymour's picture
Nicole.Seymour | Joined: June 3, 2009 03:07 pm | Posts: 0 | Location: New Jersey | 00 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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Like | Dislike | Share | Posted: Wed, 06/03/2009 - 15:34 | Post subject:

chrsmackenzie's picture
chrsmackenzie | Joined: June 8, 2009 09:40 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

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Like | Dislike | Share | Posted: Mon, 06/08/2009 - 22:17 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Thu, 06/18/2009 - 23:34 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 06/19/2009 - 10:32 | Post subject:

manoj_gopale's picture
manoj_gopale | Joined: February 16, 2009 10:31 am | Posts: 0 | Location: New Jersey | 00 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.....
. :arrow: :arrow: :arrow:

Like | Dislike | Share | Posted: Sun, 06/21/2009 - 05:36 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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!

Like | Dislike | Share | Posted: Mon, 06/29/2009 - 11:56 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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!!

Like | Dislike | Share | Posted: Tue, 07/07/2009 - 19:30 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Tue, 07/07/2009 - 22:45 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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 [url=http://www.mortgagefit.com/know-how/loan-modification.html]loan modifications[/url].

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.

Like | Dislike | Share | Posted: Thu, 07/09/2009 - 06:56 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Mon, 07/13/2009 - 15:30 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My Husband is a disabled Vet and we are behind in our payments to our lender. I Saw this ad on tv and gave usmac a call. They wanted $2995.00 upfront! I am desprate to save our home we are a young family and I have prayed for a way to fix this problem. I had a gut feeling about this company and looked them up on the internet and everything I have found has been negative. We face forclosure on August 4th 2009. VA is zero help!!Suprise Suprise. Im hoping to either get somewhere with the lender or another lending company. We have been struggling for a year and now my husband has 7 surgeries under his belt and is thankfully back to work, so if anyone has any suggestions or comments please do. But, My gut says they are crooks and I would pay them never see a dime back and loose our home as well!!!

Like | Dislike | Share | Posted: Tue, 07/14/2009 - 14:16 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi vanessa,

Though I do not have a personal experience with USMAC law group, it seems that lots of people have complaints about them. It would be better if you could check out some other companies who are into loan modification and know about their fees. May be you can come across companies who would charge you a lesser amount than what USMAC have quoted. You can even go for a [i:461072bd21]no obligation free consultation [/i:461072bd21] on loan modification which may help you know what type of rates and terms you can get after your modification is accepted.

Like | Dislike | Share | Posted: Tue, 07/14/2009 - 20:26 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

once again - go to hud.gov and look for counselors in your area. they are FREE - yes, i will say it again - FREE - and they will help you. as an example, if you have a local Urban League, you can contact them right away and they'll try to work with you and the lender to get your loan modified. there's no guarantees, remember, but they'll work with you.

paying someone over $2500 to hope and pray that they'll help you hasn't got anything to do with the wisdom that you've been given.

Like | Dislike | Share | Posted: Wed, 07/15/2009 - 08:38 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Give me a break... would you work for someone that has not paid their mortgage or creditors and then expect them to pay you for your 100 plus hours of work after you completed your work? Hmmm... no I didn't think so.
And for credit repair... expensive?? Now that you lived above your means for so long and charged more then you could afford to pay now you want someone to fix it for free... if it's so easy then do it yourself or seek free help as some of the Bozo's on here suggest.

There is no free help!

If you want legal help and the best possible results hire the best pay attorney you can afford. If you were arrested you would hire the best pay attorney you could afford, and would he charge you upfront... you bet ya!

Like | Dislike | Share | Posted: Tue, 07/21/2009 - 16:09 | Post subject:

happyness365's picture
happyness365 | Joined: July 21, 2009 10:24 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

... misinformation.... read on...

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Like | Dislike | Share | Posted: Tue, 07/21/2009 - 17:05 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i reiterate...there are hundreds of counselors listed on the hud website. those counselors do it for free. naca has free counseling services. these people are there to help borrowers who cannot go through the modification maze by themselves. they have expertise - after all, they've been doing this for a long, long time.

paying up front for someone to pretend to help you with a modification? and how smart would that be, after all. let's see...i am a homeowner and my mortgage payment is $1850 per month. let's say i get behind 2 months - so now i owe $3700 and another $1850 is due - thats $5550. am i now smart to hand over $2000 or more to some stranger who claims to have a superior percentage rate for success? could i not do something better with that money? maybe i could take my money, borrow some from somewhere else and make my payment. but guess what...if i pay this oh so helpful company its $2000 or more, i will never see it again - not as payment of principal on my mortgage, certainly not as equity built up in my home, and i certainly stand an excellent chance of not having my loan modified at all.

to lose one's home while lining the pockets of those who have opened their businesses only to take advantage of this major money-making opportunity is the height of ridiculousness.

that's just my opinion.

Like | Dislike | Share | Posted: Wed, 07/22/2009 - 07:38 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Happyness365 has made some good points... and as an attorney... let me add that SB 94 should scare the heck out of the California public (and any other states with such bright ideas)... it will, in effect, keep private (read as for profit) attorneys from helping troubled borrowers (read as victims of the banks about to be revictimized by the banks).

The banks have high priced and sharp lawyers, why don't they want the public to have lawyers? Let's introduce SB 94 part B which states no lender can pay a lawyer until after the bank has completed screwing over the borrower... sounds ridiculous right? Why would it not be ridiculous to prohibit the public from paying a lawyer up front?

Just my opinion, of course.

- Paul

Like | Dislike | Share | Posted: Fri, 07/31/2009 - 11:02 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i need to know is it a scam

Like | Dislike | Share | Posted: Thu, 08/06/2009 - 10:54 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest,

I do not have a personal experience with this company but some of the members in this forum have negative opinion about this company. I would suggest you to research about this company properly and then go for a deal with them.

Thanks

Like | Dislike | Share | Posted: Thu, 08/06/2009 - 23:13 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I know a great loan modification attorney. His name is Jeff Miller. I recently heard he is going after scam artist who are ripping people off. Good luck!

[size=9:2fdcff6bcb][color=Red:2fdcff6bcb][Promotional text deleted as per forum rules. Thanks.][/color:2fdcff6bcb][/size:2fdcff6bcb]

Like | Dislike | Share | Posted: Fri, 08/14/2009 - 10:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I used them 4 months ago and they did get me a modification with good results. My old rate was 8.775 and me new rate is 4.500 fixed. My loan amount was reduced too. So for me it worked out good.

Like | Dislike | Share | Posted: Wed, 08/19/2009 - 11:19 | Post subject:

fredwaltz's picture
fredwaltz | Joined: August 17, 2009 05:27 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

ok nice atleast some good remarks are there about the company so atleast one can think about giving a try.to their services.

Like | Dislike | Share | Posted: Fri, 08/21/2009 - 12:12 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

scamers!

Like | Dislike | Share | Posted: Mon, 08/24/2009 - 14:19 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

usmac is the devil!

Like | Dislike | Share | Posted: Mon, 08/24/2009 - 14:22 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

This company saved me 1100.00 bucks on my monthly mortgage payment!

Like | Dislike | Share | Posted: Fri, 08/28/2009 - 16:08 | Post subject:

captcharwp007's picture
captcharwp007 | Joined: August 29, 2009 05:07 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Here's the thing, I just spoke with the attorney about your situation. He says he could be successful with getting the home you live in modified. He says he wouldn't be successful with your investment property. Even though your not behind on the house you live in with the rate being over 10% and your job situation changing it could be easier to get that one down.
When you did the loan mod yourself did you submit a hardship letter with it?
I understand that you don't have the ability to hire an attorney even though the fee is minimal compared to other attorneys I will do my best to try to give you other ways to resubmit it

Like | Dislike | Share | Posted: Sun, 08/30/2009 - 19:39 | Post subject:

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