ED Magedson – Founder
Fass Financial136 Washington SE. Albuquerque, New Mexico USA
Fass Financial Loan modification Fraud; up front fees; Fraudulent loan practices Albuquerque New Mexico
Beware of these guys! They take HUGE up front fees for home loan modifications and there is no guarantee. They don't return your money if it doesn't go through. They tell you that the up front fee is to "register" your loan with the government so that the bank or whoever can access the TARP funds. I called both Wells Fargo and Fannie Mae and they said there is no such thing as a loan registration fee, and that is completely fraudulent!! They also tell you NOT to make your mortgage payment to the bank. Well, I did that an then Wells Fargo called me and told me that they will report it to the credit agencies as late payments!! I tried to find out exactly where they are located by googling their address and it looks like an empty lot. I wouldn't trust my home with them... I recommend you do your due diligence and not get burned like my husband and I. We almost lost our house..
This report was posted on Ripoff Report on 08/13/2013 06:24 PM and is a permanent record located here: http://www.ripoffreport.com/reports/fass-financial/albuquerque-new-mexico-87108/fass-financial-loan-modification-fraud-up-front-fees-fraudulent-loan-practices-albuquer-1075612. 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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