West Palm Beach, FL- MFI-Mod Squad, LLC, a company that investigates loan modification fraud, has issued a list of the twenty loan modification companies about which it has received complaints. The list includes companies that haven't been approved to charge an upfront fee and claim to offer a money-back guarantee. They have either failed to deliver a loan modification or refused to offer a refund to homeowners.
"Many people have been asking me to post a list of unreliable loan modification companies," says Steve Dibert, President of MFI-Mod Squad. "I'm happy to do so because it can help homeowners avoid scams."
The problematic loan modification companies on MFI-Mod Squad's list include the following:
· Green Credit Solutions
· Peoples First Financial
· United Law Group
· Excel Loss Mitigation
· Nations Choice
· USA Mortgage Aid
· Mortgage Assistance Center
· Bank Modifications, Inc
· AmeRestart aka Equinaire
· Choice Loans Consulting
· Samaritan Financial
· Resolutions Mortgage Group
· Federal Loan Modifications
· Mortgage Mitigation Clearing House
· Woosh.com aka Manhattan Mortgage
· Coastal Pacific
· New Beginnings Loan Modification Services
· North American Relief
• US Justice Foundation
All but Samaritan Financial and Mortgage Mitigation Clearing House are located in California. California-based loan modification companies must be approved by the Department of Real Estate (DRE) to charge upfront fees. You can only be exempt from DRE approval if your company is a law firm
Near the top of MFI-Mod Squad's list of the worst loan modification companies is Peoples First Financial, which is responsible for Massachusetts resident Jon Angers losing his home.
"He trusted them when they told him not to make his mortgage payment," says Mr. Angers' attorney, Glenn Russell. "He has since been foreclosed on and evicted from his home."
About MFI-Mod Squad
Headquartered in Florida, MFI-Mod Squad, LLC is the only privately-funded loan modification investigation firm in the United States. For more information, visit www.mfi-modsquad.com, phone 561-317-9978, or email email@example.com.
About Glenn F. Russell, Jr.
Glenn F. Russell, Jr. is located in Fall River, Massachusetts. He's a member of the Massachusetts and Connecticut Bar Associations, where he specializes in foreclosure defense, bankruptcy, personal injury, and divorce law. For more information, visit www.foreclosuresinmass.com, call 508-324-4545, or email firstname.lastname@example.org.