LN MOD SCAM Fmafinancial.com SAL ESPOSITO BLUE BAY ADVISORS Timesharetraderusa.com
37 N.Orange Ave., Suite 1010
Orlando Florida 32801
U.S.A.
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Fmafinancial.com SAL ESPOSITO BLUE BAY ADVISORS Timesharetraderusa.com Loan Mod Scam. Timeshare Scam. Everything the previous post said is true. This group moves from scam to scam. Now doing loan mods. Taking money and scamming the customer. I worked there and lasted less than a week. They gave me a big office and I up and left when I wasn't being paid. They don't pay anyone. Orlando Florida
2Author
1Consumer
1Employee/Owner
Loan Mod Scam. Timeshare Scam. Everything the previous post said is true. This group moves from scam to scam. Now doing loan mods. Taking money and scamming the customer. I worked there and lasted less than a week. They gave me a big office and wanted me to hang my real estate license there. I up and left when I wasn't being paid. They don't pay anyone because they are broke.
Word is the feds are investigating them now. Warning to all - you don't want to work for these guys when Feds raid there office. Conspiracy to commit fraud is big time and that is what you are doing as employee. They do not deliver anything to customer.
Closer
Miami, Florida
U.S.A.
Click Here to read other Ripoff Reports on LN MOD SCAM
REBUTTALS & REPLIES:
2Author
1Consumer
1Employee/Owner
Updates & Rebuttals
#1 Employee
AUTHOR: Webguy1337 - Brandon (U.S.A.)
SUBMITTED: Friday, January 02, 2009
POSTED: Friday, January 02, 2009
This employee was probably using unethical tactics to land sales and terminated without pay for doing so.
I work for FMA and TST and know for a fact the clients receive what they pay for as part of my job is posting new timeshare listings on the website and creating the timesharetrader magazine. We are redesigning the www.timesharetraderusa.com website as we speak and implementing tools so clients can login to see how many times their timeshare has actually been viewed and how many inquiries and such have been received on it.
More companies need to start suing people for defamatory postings on the internet and hopefully put a stop to ex-employees posting false information.
#2 Consumer Comment
AUTHOR: Annessy - Stuart (U.S.A.)
SUBMITTED: Thursday, January 15, 2009
POSTED: Thursday, January 15, 2009
LIES and more LIES ! That is all I can say!! First of all, how can the FEDS tell anyone who they are investigating? I would really like to know that one!!! If they told just any person what they were doing they would not be complying to the federal laws of investigating!! So all i can say is that you can post all the lies you want, knowing that no one is going to believe these false allegations. This will get you nowhere!!!
#3 Update By Author
AUTHOR: Closer - orlando (U.S.A.)
SUBMITTED: Saturday, February 14, 2009
POSTED: Saturday, February 14, 2009
Everything reported on this group is true. Read this story:
www.orlandosentinel.com/news/local/breakingnews/orl-bk-fraud-suit-021309,0,6688318.story
OrlandoSentinel.com
Florida Attorney General: Downtown Orlando company deceived distressed homeowners
Willoughby Mariano
Sentinel Staff Writer
2:22 PM EST, February 13, 2009
The state Attorney General's Office is filing suit against a downtown Orlando company saying they broke a law meant to save struggling homeowners from fraud, according to court a document released today.
Financial Management Advisors, a loan-modification company, charges up-front fees of up to $2,500 to troubled home owners looking for help escaping foreclosure, according to a court complaint released today. The problem is that state law bars companies from charging these fees, and the FMA isn't providing the services they promise, it states.
Luis Gonzalez, a lawyer for FMA, says the company helps people, and has never committed fraud. The under which they attorney general is suing them is new and ill-conceived, he added.
"They're barking up the wrong tree when it comes to FMA," Gonzalez said.
The company also claims to be connected with major mortgage lenders, including Fannie Mae, Countrywide Financial and Lending Tree, but do not have documentation to support their claim, according to the complaint. An advertised staff of "attorneys, accountants and expert negotiators" does not exist.
Gonzalez said that the company is new and was previously using general contractors. It now has a staff attorney.
The suit asks for a permanent injunction, restitution, civil penalties and litigation costs.
FMA is also known as FMA Servicing, Inc.
Company executives Edward Billings, Joseph Esposito and Salvatore Esposito, were also named in the suit.
FMA is based at 37 N. Orange Ave. suite 1010.
Copyright © 2009, Orlando Sentinel
