Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #441366

Complaint Review: The Loan Modification Team - Glen Allen Virginia

  • Submitted:
  • Updated:
  • Reported By: Cedar Hill Texas
  • Author Confirmed What's this?
  • Why?
  • The Loan Modification Team 201 Concourse Boulevard Suite 200 Glen Allen, Virginia U.S.A.

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

My husband and i has own our home for three years and have paid our mortgage on time. The past last year we have come across some struggles in paying our mortgage with the way the economy is going, we have been diping into our IRA to cover our mortgage. We recieve a letter in the mail stating the Loan Modification Team will work with your lender to lower your payments, a guaranteed minimal of twenty-five percent will be automaticly promissed at the end of the 60 to 90 day process, additional amount will be lower depending on their criteria. So we agreed to make the first down payment of $674.50 to get the process started which took them about 15 days to notify our lender that we were working with them. Our lender kept calling us telling us they were missing paperwork and information that we gave the modification team weeks ago. The Loan Modification Team told my husband and i not to pay our mortgage until the modification process is completed. The Loan Modification Team also told us not to talk to our lender about financials, not even if they call us.

At the time i was expecting a child and about to go on leave, one of the representatives told us it will better our chances if i just went ahead and quit. Even though we use both of our income to get qualify they told us if our lender ask do not mention that i will be going on leave. After that we start to get suspicious and realize the company we are dealing with are a little deceiving. Even though we were told not to communicate with the lender, i decided to call the lender myself and find out whats going on after two and a half months of dealing with them. The mortgage lender told me that we were declined on our first loan and the second loan was canceled and soon to be declined due to our information in the system was not mathing our third party who is the Loan Modification Team. According to the lender they verified that the investor declined us weeks ago because they did not see a hardship, therfore no modification was needed.

Once i found out this information from the lender i did not no longer need to do business with them, i called the Loan Modification Team they told me my lender was lying and that they confrimed my first loan was approved, they were just waiting on my lender to approved it. They told me i couldnt get a refund because one loan was already approved according to the modification team. At this point i knew something for sure was not right, i called several times back and forth with the lender and the modification team and everytime the information did not add up My husband called the credit card company to get our money back, we were never notify that our loans were declined. My husband and i was now already 3 months behind because of this situation. With no letter of intent to cover us from foreclosure or no modification on our loan, not even the twenty-five percent that was promised to us. The Loan Modification team has screwed up our lives, we have taken nothing but losses and now we are in a worst situation then we were before. Now because we were so trusting thinking that these people can take us out of our struggle and gives us some financial relief it was to go to be true. I am warning all desperate homeowners who are looking for a better way for your family to live.

Please do not use The Loan Modification Team it will become your worst nightmare if you do.

Brittany
Cedar Hill, Texas
U.S.A.

This report was posted on Ripoff Report on 04/06/2009 09:04 PM and is a permanent record located here: https://www.ripoffreport.com/reports/the-loan-modification-team/glen-allen-virginia-23059/the-loan-modification-team-the-biggest-scam-ever-loan-modification-rip-off-from-the-lo-441366. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
1Author
4Consumer
0Employee/Owner

#5 Author of original report

Loan Modification Team are scammers.... go somewhere else and make an honest living!

AUTHOR: Ms. feel cheated - (USA)

POSTED: Thursday, July 01, 2010

What I really find funny about this is the person that left a comment on my post was actually my representative from the company!!!!! J.D Wilkerson

I guess the joke is on me.

Respond to this report!
What's this?

#4 UPDATE EX-employee responds

Glad the public is waking up!!!

AUTHOR: J.d.wilkerson - (U.S.A.)

POSTED: Tuesday, April 07, 2009

Well,well,well. I worked for this company as a manager. Everything in this report is ABSOLUTE TRUTH. If you want detailed information about how this company operates and how you can exact revenge upon this company please call 866-357-3404 or visit www.loanmitigationsolution.org for your free no-cost consultation. Don't waste time..

Respond to this report!
What's this?

#3 UPDATE EX-employee responds

Glad the public is waking up!!!

AUTHOR: J.d.wilkerson - (U.S.A.)

POSTED: Tuesday, April 07, 2009

Well,well,well. I worked for this company as a manager. Everything in this report is ABSOLUTE TRUTH. If you want detailed information about how this company operates and how you can exact revenge upon this company please call 866-357-3404 or visit www.loanmitigationsolution.org for your free no-cost consultation. Don't waste time..

Respond to this report!
What's this?

#2 UPDATE EX-employee responds

Glad the public is waking up!!!

AUTHOR: J.d.wilkerson - (U.S.A.)

POSTED: Tuesday, April 07, 2009

Well,well,well. I worked for this company as a manager. Everything in this report is ABSOLUTE TRUTH. If you want detailed information about how this company operates and how you can exact revenge upon this company please call 866-357-3404 or visit www.loanmitigationsolution.org for your free no-cost consultation. Don't waste time..

Respond to this report!
What's this?

#1 UPDATE EX-employee responds

Glad the public is waking up!!!

AUTHOR: J.d.wilkerson - (U.S.A.)

POSTED: Tuesday, April 07, 2009

Well,well,well. I worked for this company as a manager. Everything in this report is ABSOLUTE TRUTH. If you want detailed information about how this company operates and how you can exact revenge upon this company please call 866-357-3404 or visit www.loanmitigationsolution.org for your free no-cost consultation. Don't waste time..

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now