Fair Lending Review / Modification Services Told me to pay them 3500.00 and they would get me a loan modification Costa Mesa, California

The reason why you most likely didn't hear back from that company is because most likely they are closed down. There were so many scams coming out of California in regards to loan modification that the CA Attorney General shut everything down. You need to contact your lender and work out a forebearance plan TODAY to avoid sale dates. I don't know what state you are in, but there are a lot of NON JUDICIAL foreclosure states which means you don't have court dates to have your house sold or foreclosed on. There are also some states that have "crazy" foreclosure laws, or lack of foreclosure laws rather where they can take your assets and house within a few months, whereas mostly everyone else would just be getting foreclosure paperwork (texas and missouri are two of those states). Some lenders are easier to deal with than others for borrowers to apply directly with them for modification. If you are Central Loan Admin. and Recovery ( previously taylor bean and whitaker), or with MGC from GMAC to name 2 then yes they aren't doing anything currently with bought loans, however with an actual attorney representing you they will. If your loan was sold to a collection agency (MGC) then you can file law suits with US HUD and actually win your house outright from the lender. I would strongly suggest that you stop waiting around for the California company and be pro-active instead of re-active in your situation. I work for a Real Estate law firm as a parallegal and we do modifications here and I have seen to many of our clients nearly lose their houses in the past because of modification companies. If you go to (((Redacted))) you can find some information on modification. Just make sure that 31% of your income  before taxes is below your PITI (principal, interest, tax, insurance) and that 55% of your monthly  expenses does not exceed your monthly income (back end debt to income ratio). You can file a report with the California Attorney General but be advised that you most likely will not recieve a reimbursment as the company most likely packed up and ran to avoid (if they arent already) jail time.  Also, there are non-profit agencies like US HUD, or "HOPE" as well as NACA who is also non profit and is HUD approved. Best of luck to you! Remember to call your lender's loss mitigation department and work out a forebearance ASAP!




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I am very sorry but you fell for a very common and I think in most states at this time a quasi legal scam.  The truth is anyone can call their mortgage company at any time and try to get a loan modification.  The more reputable loan modification companies are just having you pay for something that you could easily do yourself with just as much chance for success as they would have.  The less reputable, as you found out, simply take your money and do nothing.

Telling you to send your mortgage payments to them instead of to your mortgage lender was completely bogus, as far as your lender was concerned you just stopped making your mortgage payments.

If the two missed payments are what caused the foreclosure letter then you need to call your lender and tell them what happened, assume they know nothing at this point.  Ask about a loan modification.  They may not do it but at the very least you can probably get them to work out a payment plan to pay back the two missed payments.

Just remember, doing nothing at this point is the worst thing you can do.