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Report: #675707

Complaint Review: The Modification Group, LLC - Broadview Heights Ohio

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  • Updated:
  • Reported By: kkashem — Aldie Virginia United States of America
  • Author Not Confirmed What's this?
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  • The Modification Group, LLC 203 East Royalton Road Broadview Heights, Ohio United States of America

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This company guarantees an 80% refund if they are unsuccessful in modifying your current home mortgage to a low fixed rate. Upfront Fee charged is 1% of loan amount, over 4k in my case. By their own statement a standard process may take anywhere from 30 to 180 days. My account has reached over 365 days. Needless to say I am without a Modified loan or Refund. This company is running a pure scam. "BBB" rating for this company is an "F", with over 20 complaints already filed without a response. I should have known better not to do business with any company that charges a upfront fee.

This report was posted on Ripoff Report on 12/27/2010 05:52 PM and is a permanent record located here: https://www.ripoffreport.com/reports/the-modification-group-llc/broadview-heights-ohio-44147/the-modification-group-llc-loan-modification-scam-broadview-heights-ohio-675707. 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

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REBUTTALS & REPLIES:
2Author
1Consumer
0Employee/Owner

#3 General Comment

Formal Investigation?

AUTHOR: Sandy Rolston - (United States of America)

POSTED: Thursday, February 10, 2011

I knoww the Attorney General says that they will look into but has it been confirmed.  Business like this should be shut down right away

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#2 Author of original report

Update to previous report

AUTHOR: kkashem - (USA)

POSTED: Monday, January 10, 2011

The Ohio Attorney General's Office is initiating a Formal Investigation of The Modification Group, with 36 complaints filed with the Consumer Protection Section.

"BBB" online has a Industry comparison table which states..

# of business with NO complaints in the past 36 months - 12.

# of business with 1-4 complaints in the past 36 months - 5.

# of business with 26-99 complaints in the past 36 months - 1 "TMG" is in this range.

Total # of same relative size business in the BBB database in this type of business - 19

 

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#1 Author of original report

Update to previous report

AUTHOR: kkashem - (USA)

POSTED: Monday, December 27, 2010

"BBB" is now reporting 26 complaints filed against this company, 15 regarding refund issues. Please click link below...

http://www.bbb.org/cleveland/business-reviews/loan-modification/the-modification-group-llc-in-broadview-heights-oh-92001342/

Website address for this Ripoff Modification company is..

www.TMGteam.net

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