• Report: #525286
Complaint Review:

National Loan Restructuring

  • Submitted: Wed, November 18, 2009
  • Updated: Sat, February 04, 2012

  • Reported By: Angry soon to be "ex"- homeowner — Prescott Arizona United States of America
National Loan Restructuring
1955 S Military Trail WPB Florida West Palm Beach, Florida United States of America

National Loan Restructuring Stole my money and did nothing for me West Palm Beach, Florida Internet

*Consumer Comment: Charlie Stevens Rip-Off EXPERT

*General Comment: send me my money charlie


*UPDATE Employee: National Loan Restructurings Proof Of Legitimacy

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These guys sent me a letter that made me think they were an official govt agency. Then they wanted $ 2500 to lower my mortgage payments. They kept saying they had lawyers who were experts in all this stuff. They promised me they could get me a lower rate and even get principal taken off the loan balance. It sounded good and I made the mistake of trusting them. They took my money and after three months of excuses and excuses about why nothing was happening I got a foreclosure notice from my lender. I now have to pay a real lawyer to file bankruptcy and I may end up losing the house because of these liars. STAY AWAY FROM THEM!

This report was posted on Ripoff Report on 11/18/2009 09:18 AM and is a permanent record located here: http://www.ripoffreport.com/reports/national-loan-restructuring/west-palm-beach-florida-33415/national-loan-restructuring-stole-my-money-and-did-nothing-for-me-west-palm-beach-florid-525286. 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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Updates & Rebuttals

#1 Consumer Comment

Charlie Stevens Rip-Off EXPERT

AUTHOR: Randall - Detroit - (USA)

Sorry Charlie,

You are a real RIP-OFF expert. You will find a tiny discrepancy somewhere, and refuse to refund on that basis.  Your claims on this particular rebuttal sound real good. There is only one problem, they are all phony, just like yourself!
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#2 General Comment

send me my money charlie

AUTHOR: cathy stadler - (United States of America)

I have contacted you more times than I can remember. Yes, i have your number and your extension.

I have called and left message after message. Your voice mail says, I will have my phone call returned within 24 hours......still i wait.

I gave your company $3500 in good faith.  Now I want my money returned in good faith.

Maybe you will return my call next time............ And i would like the "double my money back" as you claim in this report.
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#3 Author of original report


AUTHOR: Michigan mother - (United States of America)

News Release
February 22, 2010

For Immediate Release

Contact: (916) 324-5500


Brown Warns Homeowners to Avoid Forensic Loan Audits

Los Angeles-Attorney General Edmund G. Brown Jr. today joined the California Department of Real Estate (DRE) and the State Bar of California in warning Californians to avoid forensic loan audits, the loan-modification industry's latest "phony foreclosure-relief service," in which homeowners pay up-front fees for a forensic review of their lender's practices, but are provided no actual foreclosure relief.

"Forensic loan audits are yet another phony foreclosure-relief service hawked by loan-modification consultants trying to cash in on the desperation of homeowners facing foreclosure," Brown said. "The foreclosure-relief industry continues to be long on promises, but short on results."

Individuals and businesses who offer forensic loan audits use inflated and misleading claims to convince homeowners to pay up-front fees for services that produce no actual foreclosure relief. Homeowners are encouraged to pay for an audit of their mortgage loan file to determine their lender's compliance with state and federal mortgage-lending laws. This audit is pitched to homeowners as a tool they can use to gain leverage and speed up the loan-modification process.

In truth, there is no evidence or statistical data to support claims that forensic loan audits-even if performed by a licensed, legitimate and trained auditor, mortgage professional or lawyer-will help homeowners obtain loan modifications or provide any other foreclosure relief.

"The State Bar is committed to dealing with all aspects of loan foreclosure fraud involving attorneys," said State Bar President Howard Miller. "We will continue to work with all the other government agencies to prevent fraud and to move for disciplinary sanctions against attorneys who violate their obligations to their clients."

By law, all individuals and businesses offering mortgage-foreclosure consulting, loan-modification and foreclosure-assistance services must register with Brown's office and post a $100,000 bond. It is also illegal for loan-modification consultants and businesses to charge up-front fees for their services.

Brown has sought court orders to shut down more than 30 fraudulent foreclosure-relief companies and has brought criminal charges and obtained lengthy prison sentences for dozens of deceptive loan-modification consultants.

In 2009, the DRE investigated more than 2,000 complaints involving loan-modification scams. Nearly 350 individuals and companies received a Desist and Refrain Order to stop illegal activity.

"The DRE has aggressively pursued loan-modification scammers who prey on vulnerable and financially stressed homeowners, and those peddling false hope by promising mortgage relief with a forensic audit will be scrutinized," stated Real Estate Commissioner Jeff Davi. "With consumer education efforts and warnings, we hope to keep consumers from falling victim in the first place."

As part of today's consumer alert, Brown offered the following tips to homeowners:

- Don't pay up-front fees. Foreclosure consultants are prohibited by law from collecting money before services are performed.
- Don't ignore letters from your lender or loan servicer. Responding to those letters is your best bet for saving your house.
- Don't transfer title or sell your house to a "foreclosure rescuer." Beware! This is a scam to convince homeowners they can stay in the home as renters and buy their home back later. It could also be part of a fraudulent bankruptcy filing. Either way, a scammer can then evict you and take your home.
- Don't pay your mortgage payments to anyone other than your lender or loan servicer. Mortgage consultants often keep the money for themselves.
- Never sign any documents without reading them first. Many homeowners think that they are signing documents for a loan modification or for a new loan to pay off their delinquent mortgage. Later, they discover that they actually transferred ownership of their home to someone who is now trying to evict them.

Non-profit housing counselors certified by the U.S. Department of Housing and Urban Development provide free help to homeowners. To find a counselor in your area, call 1-800-569-4287.

If you are a homeowner who has been scammed, you can contact Brown's office at 1-800-952-5225 or file a complaint online at: www.ag.ca.gov/consumers/general.php. You can also learn more about avoiding scams and obtain a complaint form by visiting the DRE's web site at: www.dre.ca.gov.

If you have a complaint against a lawyer, contact the State Bar Complaint Hotline at 1-800-843-9053. Complaint forms and an explanation of the attorney discipline system are available online at: www.calbar.ca.gov.

In 2009, California accounted for 22 percent of the nation's foreclosure activity, with 632,573 homes in foreclosure statewide. This is an annual increase of more than 20 percent in foreclosure activity from 2008 and a 150 percent increase from 2007.

For more information on Brown's action against loan-modification fraud visit: http://ag.ca.gov/loanmod.

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#4 UPDATE Employee

National Loan Restructurings Proof Of Legitimacy

AUTHOR: Charlie - (United States of America)

We first like the author of this letter to please provide proof that you were ever a customer of ours. Do to the fact we think you might be a disgruntle employee. Everyone whom chooses to use our service is entitled to a money back guarantee. if you can show proof that you are a client and we have not refunded your fee, we will  double the returned amount to you. For all others we happen to be an (A) rated company with the Better Business Bureau whom has no complaints what so ever. We stand behind our work, and have successfully modified hundreds of mortgages and have hundreds of happy clients who will testify to the positive results we have achieved for them.

Anyone who has any questions please feel free to contact me personally-Charlie Stevens
866-585-8067. I would be more than happy to give you some referrals so you can your own research on the quality of work we do. Also feel free to check out our website
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