Loan Modification scams are in full force and the FEDS, State Attorney Generals and prosecutors can not even keep up with the amount of disgusting fraud, stealing, identity theft and intimidation tactics that are going on right now!

Please, please, please- DO NOT GIVE YOUR MONEY OUT TO LOAN MODIFICATION COMPANIES without making sure the attorney general is not investigating the company that is soliciting your business.

This is even more disgusting and be aware of this for your clients and you as homeowners. The big Sub-Prime bankers and mortgage brokers that did your loan for you of course went out of business because they no longer can do sub-prime mortgages and they have turned into the Loan modification companies who are now going back to the very customers they did the loan for to do their loan modification with up front charges of $1000 to $3000 and then TAKING THE MONEY and leaving town! This is criminal! Please contact your attorney general if this has happened to you.

But even MORE DISGUSTING! is that after they steal the money from homeowners who are trying to stay in their homes; they are laughing at YOU! They are laughing at the very people they are stealing from! They think it is funny! So I hope the last laugh will be on them as they sit in jail.

After having their money stolen and the loan modification never worked on, the bank comes to foreclose. People are standing outside of their homes with all their suitcases packed calling the loan modification company asking where it their money. Women are crying on the phone, leaving messages because of course these loan modification scam creeps are not answering their phones. Then they take these messages and play them over the intercom so everyone of these disgusting creeps can laugh at the people begging for help. They have been caught saying things like: "Hey, listen to this ding bat lady crying!"

I can't even type all that they were doing because my heart rate is heating up from anger towards these people who have taken advantage of other people and then making fun of it. Sometimes you wonder why people will fall for these scams. But this particular company trains their employees to work on people's anxieties telling them horror stories about how the bank is going to kick them out unless they give them this money upfront. Then they don't even pay their employees. They bounce checks and steal from anyone they can.

This one company even has the name: FEDERAL LOAN LAW CENTER. According to the FTC's complaint:

This is to trick you into thinking they are with the government to help you and that they are some great attorney center that would not do you any harm. It is just a scam! They have you call an 800# that they misrepresent as being a part of a federal program, which it is not. There are over 839 complaints just on this company alone.
 
     The FTC and the California Attorney General have already filed suit against these guys.

One of the main partners is California Attorney, Nabile Anz who also owned (part owner Mortgage Link, a California subprime lender, who now is belly-up but  sold $30 million in loans a month. It appears that the California State Bar has taken action on Nabile Anz, but he is still active and allowed to practice law. You can read more in the FTC's complaint here.

But don't just look for this name because these guys just went to Irvine California and opened up their same operation under a different name. They move around and make up different names and continue to steal your money. 

Remember in the state of Florida it is illegal for a loan modification company to take money from you upfront. They can only make their money by completing your loan modification. That is when you pay, not before.

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Loan Modification Scammers Are Laughing At You After They Steal Your Money! was first published on South- Florida-Luxury-Living.com.