• Report: #893910

Complaint Review: Mandelman Inc.

  • Submitted: Wed, June 06, 2012
  • Updated: Fri, June 08, 2012

  • Reported By: pedro619 — San Diego California United States of America
Mandelman Inc.
18000 Studebaker Rd. Suite #700 Cerritos Ca. 90703 Los Angeles, California United States of America

Mandelman Inc. Realty Law Group; All State Law Group; My wife and I used $3500.00 from our IRA because they said they would represent us in a Loan Modification and they did nothing. We checked with the Bank for months they took our Money emailed us once Los Angeles, California

*REBUTTAL Owner of company: I have reported this fraud to the California Attorney General...

*Consumer Comment: Important: To the Victim

*Consumer Comment: I am NOT Mandelman Inc. and have NOTHING to do with this company.

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My wife and I had been thinking for some time about how to get a better rate on our home loan. It occured to us that a simple loan modification may be the answer. Since we had never done this befor we believed the thing to do was to consult a
legal professional or group. We saw the advertisements on the Internet for Martin and his "associates". We felt confident that they would be able to properly represent us to the Bank where we have our home loan.  It seemed appropraite to have a legal firm represent us even though we were not in forclosure. Even I know you dont have to be in financial trouble to have you loan refinanced or Modified. When we made contact with the attorney (we thought) by filling out the online form, a man came to our business claiming to represent the firm in Los Angeles. He gave us a lengthy explaination about how credible they were and how well they did in the loan modification process. [continued below]....
..... He assured us his "firm" would send us peridioc updates and emails as to the status of our progress with the bank on a biweekly basis. He even went so far as to quote a "rate schedual" 
with a breakdown of payments and iterest rates we would be paying if we allowed them to represent us in the modification.

To summerize the meeting he said in three months "after depositing $3500.00 with thier firm" we would be down to paying $25.00 a month and would have had a counsler "a modification counsler" that is assigned to our case within the first 30 days.  The catch was we needed to be in default on our payments and we were not. His reaction was "well then theres nothing we can do to help you" which if you have ever delt with a modification is a complete lie, I just wish I had known it then (sigh).  Ironiclly even though we were not in default they accepted our money as a "retainer" and gave us no indication of how the funds were to be spent.  

This report was posted on Ripoff Report on 06/06/2012 05:04 PM and is a permanent record located here: http://www.ripoffreport.com/r/Mandelman-Inc/Los-Angeles-California-90703/Mandelman-Inc-Realty-Law-Group-All-State-Law-Group-My-wife-and-I-used-350000-from-our-893910. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 2Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

I have reported this fraud to the California Attorney General...

AUTHOR: Martin Andelman - ()

Just so anyone reading this knows, I have reported this fraud to California's Attorney General.  There is no company at the address shown.  No one has ever contacted me, which leads me to believe that the whole thing may just be a sham.  

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#2 Consumer Comment

Important: To the Victim

AUTHOR: Martin Andelman - (United States of America)

I am Martin Andelman.  I have nothing to do with this company and had no idea it existed until yesterday when I was notified about your complaint.  I am horrified and am taking immediate action to have these criminals shut down and hopefully locked up.  Could you please get in touch with me as soon as you get this message so I can include what happened to you in the report filed with the police and District Attorney.

It's very important that I do something about this immediately before others are defrauded and ripped off.  Please reach me by emailing me at mandelman@mac.com.  Or on my cell phone which is 714-904-2288.

Please, please, please... contact me.  We need to show law enforcement that people are being scammed and I assure you that this has nothing to do with me.

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#3 Consumer Comment

I am NOT Mandelman Inc. and have NOTHING to do with this company.

AUTHOR: Martin Andelman - (United States of America)

I am only writing to say that I have NOTHING to do with this company Mandelman Inc.

I am the author of Mandelman Matters, a non-profit blog that writes about the political, economic, social and legal aspects of the financial and foreclosure crises. My name is Martin Andelman and my blog is only called Mandelman Matters because 'M' is my first initial and 'Andelman' my last name.

I'm a writer... I am not a lawyer and I don't sell anything. I'm writing this because the Ripoff Report just sent me an email saying that a negative report was filed, and when I saw this, I wanted to make sure people knew it is NOT me.
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