ED Magedson – Founder
Credence Law Group180 N. Stetson Ave., Suite #3500 Chicago, Illinois USA
Credence Law Group Misrepresentation during remodification process. Chicago Illinois
This law firm claims to be on your side during the foreclosure of remodification process, however it seems that they don't have your best interest in mind. They remodified my uncle's loan, and made his financial situation worse. The new loan has a longer term (30 years to 40 years), and the interest rate increased. The loan terms changed, but the payment stayed the same.
It seems to me that all they did was refinance the loan. My uncle owes more money over a longer term. The person he was dealing with was always available during the process, but after the loan was closed, he disappeared. The numbers provided in the email response were useless. The phone number is always busy and the fax number is uesless. No one responds to the faxes sent.
They are con artists. My uncle recieved a letter in the mail, and he thought they can help, because they claimed to be able to help people that needed help with loan modification. He was too trusting, and called the number. I would not recommend using a lawyer that uses mass marketing techniques such as mass mailing. Use a lawyer that is referred to you by a trusted source. It seems to me they are collecting a commission from the bank as a mortgage broker and hitting the road. Beware!!!!
This report was posted on Ripoff Report on 04/13/2014 06:29 PM and is a permanent record located here: http://www.ripoffreport.com/r/Credence-Law-Group/Chicago-Illinois-60601/Credence-Law-Group-Misrepresentation-during-remodification-process-Chicago-Illinois-1138585. 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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