PREFERRED LAW SANDY UTAH PREFERRED LAW SCAMMED ME SALT LAKE CITY Utah

At the beginning of the year I fell behind on my mortgage. i researched several agencies and most didnt seem to want to help. I came across Preferred Law and they said would work for me and PROMISED to get my interest rate below 5%, get my monthly payment below $1000, and my arrearages wiped out for $3900. Up front they wanted $527 per month until the loan modification was complete. I was also instructed to NOT continue paying the mortgage note so i can pay them. Foolishly, I did what i was told, and they would issue a cease and desist on my behalf. They faxed me a pile of documents to be signed and returned and nclude a financial report and a W-25.

They said there were phases and that they would match me to a "loan negotiator". Around mid-July, i got a call from the negotiator saying i was granted a modification. i asked what the interest rate and payment would be. the interest rate only went down 1.5% and the paymant was only $100 less per month (original payment is approx $1400/mo) and the arrearages were added to the tail end of the new loan. i asked if they could get what they "promised" me and they said "take what they offer you and run". They also said they were dealing with the bank lender directly, not with a call center. i asked for the phone number to the bank and it turned out to be a call center. i called the mortgage company severeal times and asked if they had been in contact with Preferred Law and if they (the Bank) had anything to do with the modification and they said "no, it's all based on your current income".

If i didnt meet the requirements, i wouldnt have gotten this since Preferred Law didn't do anything for me. iwas close to losing my home. I am trying to attempt at getting my money refunded since there was almost no real adjustment to my loan that was anywhere closed to what i was promised. All i want is my money back and to make sure other folks arent preyed upon like myself.

Persons i were in contact with at Preferred Law are Bobbi Collins and Misty Framton. No one has contacted me in over one month since the modification was "complete".