ED Magedson – Founder
Saint Jude's Mortgage Rescue1615 9th Ave. Suite 203 Bohemia, New York United States of America
Billy Alvaro with Saint Jude's Mortgage Rescue claims he can get you an amazing low mortgage payment by modifying your loan, for a mere $3500.
So, in December of 2009, I signed up with Billy's company to get this great deal. He claimed he would get me set up with a permanent monthly mortgage payment of only $687 a month, down from my current payment amount of $1130 per month. I only had to pay $3500 for Billy to get started working on my case.
But, a year has gone by and he has not gotten me the $687/month mortgage payment he claimed he would get for me, and now I am facing foreclosure on my home. I Pleaded for Billy to help me out, and his only reply is "sorry, but you stopped paying the lender, so I can't help you now, and I don't have time to start you over in the process." Excuse me, Billy? Isn't that why I paid you to help me out in the first place?
Billy claims that he got me a permanent loan modification and that his end of the deal is done. And I'm thinking, "what did I miss?" I never received any documents from the lender saying that I had a permanent modification completed. No, but I received a document stating that I was not eligible for a loan modification because the lender didn't receive all the documents they requested.
What I finally found out is that when the bank gave me an offer to lower my mortgage payment to $982/month, which I refused to take, because it wasn't the deal I paid for, Billy decided to quit working for me without telling me! So, for about 6 months now, while I thought Billy was still working on my case, and I was making my "trial payments" of $650/month, and waiting for the deal which Billy had promised me to come through, he really wasn't. So, I'm out $3500, and facing foreclosure.
I should have listened when people told me that I needed to be careful about loan modification scams. Now I know, and hopefully anyone else out there contemplating a similar route as mine will stay away from Billy Alvaro's Saint Jude's Mortgage Rescue. They'll gladly take your money, but they won't come through on their amazing promises.
This report was posted on Ripoff Report on 12/21/2010 03:28 PM and is a permanent record located here: http://www.ripoffreport.com/r/Saint-Judes-Mortgage-Rescue/Bohemia-New-York-11716/Saint-Judes-Mortgage-Rescue-Billy-Alvaro-Promises-to-modify-my-1130mo-mortgage-payment-674069. 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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