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USMAC Law Group - Is it a loan modification scam?

Posted on: 09th Jan, 2009 04:37 pm
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]
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.
Posted on: 09th Jan, 2009 06:29 pm
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 ( 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.
Posted on: 10th Jan, 2009 05:13 am
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!
Posted on: 11th Mar, 2009 06:05 pm
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!!!
Posted on: 04th Apr, 2009 12:35 am
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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Posted on: 03rd Jun, 2009 03:34 pm
To be honest with you its a scam if they are asking for an upfront. So be careful.

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Posted on: 08th Jun, 2009 10:17 pm
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.
Posted on: 18th Jun, 2009 11:34 pm
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.
Posted on: 19th Jun, 2009 10:32 am
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:
Posted on: 21st Jun, 2009 05:36 am
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!
Posted on: 29th Jun, 2009 11:56 am
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!!
Posted on: 07th Jul, 2009 07:30 pm
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.
Posted on: 07th Jul, 2009 10:45 pm
Posted on: 09th Jul, 2009 06:56 am
Posted on: 13th Jul, 2009 03:30 pm
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!!!
Posted on: 14th Jul, 2009 02:16 pm
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