• Report: #359355

Complaint Review: Mason Capital Group LLC - MCG

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  • Submitted: Tue, August 05, 2008
  • Updated: Wed, December 03, 2008

  • Reported By:Washington District of Columbia
Mason Capital Group LLC - MCG
18375 Ventura Blvd, Ste 354 Tarzana, California U.S.A.

Mason Capital Group LLC MCG Takes Advantage of Failing Homeowners Tarzana California

*Consumer Comment: Illinois Attorney General Sues Mason Capital Group LLC MCG Tarzana California

*Consumer Comment: Mason Capital

*UPDATE Employee: regarding mason capital group

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Mason Captial Group LLC advertises heavily on the internet and guarantees that it will save your home from foreclosure. After paying the heavy up-front fees, I never recieved another call from them. I would call and be transferred to a voice mail each time. When I once finally got a person, Carl Dockery, he assured me that he had been in touch with my lender and a loan modification was inthe works.

A week later I recieved a notice of foreclosure and my home was being sold at auction. I was livid. I did have time to call NACA (Neighborhood Assistance Corporaton ) and get free help. Please don't deal with Mason Capital, they are a scam and are only nice and responsive until they get your money. ....then they disappear. I would love to see a Class Action suit filed againt MCG because I am sure there are hundreds, if not thousands of people like me and I am also sure that they lots of money. To show how sleazy they are, I just recieved another solicitation e-mail from them, they don't even keep track of the people they have already ripped off!!!!

Veronica
Washington, District of Columbia
U.S.A.

This report was posted on Ripoff Report on 08/05/2008 09:15 AM and is a permanent record located here: http://www.ripoffreport.com/r/Mason-Capital-Group-LLC-MCG/Tarzana-California-91356/Mason-Capital-Group-LLC-MCG-Takes-Advantage-of-Failing-Homeowners-Tarzana-California-359355. 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 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Illinois Attorney General Sues Mason Capital Group LLC MCG Tarzana California

AUTHOR: Nakaj - (U.S.A.)

Seven new lawsuits against so-called mortgage rescue companies have been filed. One of those defendants named in the lawsuits is:

Mason Capital Group, 18375 Ventura Blvd., Tarzana, Ca

In each of the lawsuits, the Illinois Attorney General Madigan alleges that con artists targeted homeowners who have fallen behind on their mortgage payments and promised that for an upfront fee, the scammers could negotiate with the mortgage lenders to reduced the payments and save their homes. However, according to Madigan's complaints, these consultants collected the upfront fees, they failed to negotiate or perform any services on behalf of the homeowners, leaving consumers at risk of losing their home to foreclosure.

This tactic violates Illinois' Mortgage Rescue Fraud Act, which prohibits mortgage rescue companies from requiring payment from consumers prior to completing all the terms of a rescue contract. The law also requires rescue businesses to fully disclose homeowner the exact terms and nature of the proposed rescue services and the homeowner's right to cancel the contract. With these new filings, Madigan has brought lawsuits against 22 mortgage rescue fraud companies.

Madigan urged consumers to use caution when seeking help if they are at risk of losing their homes and to seek reputable sources for assistance. Consumers need to resist offers of a rescue,' Madigan said. These scam artists prey on desperate homeowners who are struggling to save their homes.

The other defendants named in the lawsuit are:

National Foreclosure Counseling Services, 7954 Baymeadows Way, Jacksonville, Fla.;
Foreclosure Solutions, 488 Pine Street, Burlington, Wis.;
Homestead Protection Services, 151 Southhall Lane, Maitland, Fla.;
Home Foreclosure Solutions, 17550 South Williamsburg Drive, Plainfield, Ill;
Foreclosure Experts, 220 S. State Street, Chicago, Ill.
StopMyForeclosure.net, 3914 Abbotsford Road, Rockford, Ill.
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#2 Consumer Comment

Mason Capital

AUTHOR: Alies - (U.S.A.)

EVERYONE OF US SHALL GIVE ACCOUNT OF HIM SELF TO GOD..


Romans 14:12

He will reward each according to his works...

Matthew 16:27 NKJV

Last but not least

Surrender yourself to the lord.

Psalms 37:7

For the day of his return is near..
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#3 UPDATE Employee

regarding mason capital group

AUTHOR: Employee - (U.S.A.)

I have researched your complaints, home owners need to understand that we have a client responsibility page that needs to be fulfilled. One, you must provide us with all the documents that we need on time. Two, that you do not contact the lender directly...if you say the wrong thing or even send them anything it could jeopardize the negotiations. Three, you as a client will be honest and truthful to us and you will not hide anything such as a sale date or a foreclosure notice.
A lot of cases we get people that already got the foreclosure notice or they are about to, they all were advised to fax us that paper so we can contact the lender and pause the process until we establish a solution for the loan modification.
We work very hard day in and day out to help people get out of the situation they are in, and it is frustrating to see how people think otherwise.
Most of the time we were not able to help the client was because they did not follow with the client responsibility...i do not blame them sometimes because it is a nervous situation, and people will contact lenders thinking they are "Helping" when they are not.

All other complaints about mason capital is filed by a EX employee that has been terminated because of integrity.

I personally have been in loss mitigation for 4 years and i have never seen a company that provides such a guarantee like Mason Capital. The employees i work with are all good citizens, family people with kids and a mortgage. Its hard to believe they are just going to rip people off.
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