As an Affiliate, you are simply selling software. We are not performing any work on behalf of the Client (e.g., negotiations) in regard to their loan modification. They are paying for software. There are no compliance issues. No legal issues. No advance fee issues. Since the software is web-based and fully compliant, Affiliates can sell the product Nationwide! The program is easy, simple, and it works. |
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Subprime brokers mutate into loan fixers
NYT analysis: profit making loan modification firms often fail to deliver
Companies target desperate homeowners
Companies promise to help homeowners avoid foreclosure. But first they must pay.
States sue over alleged loan modification fraud
Claim that desperate homeowners were caught in mortgage scams
Authorities Raid Offices of Suspect Loan Modification Firm
Search Warrant Served after ABC News Investigation Airs
Mortgage modifications moving at snail's pace
Bank of America, Wells Fargo get low marks on plan to help homeowners
Banks slow to modify mortgages
Treasury reports only 9% of eligible home loans have been changed under the Obama program. BofA and Wells Fargo, which participated even less, say the report doesn't reflect modifications made outside the plan.
Structuring our model, consequences are real
Recently two law firms that were paying referrals fees to non-attorneys and "marketing companies" were disbarred.
California State Bar Cautions Lawyers
The California State BAR has cautioned lawyers about the practice and on Tuesday filed its first case against an attorney.
Prosecutors nationwide filed 189 legal actions Wednesday against loan modification consultants
The lawsuits and cease-and-desist orders announced by Federal Trade Commission Chairman Jon Leibowitz and California Attorney General Edmund G. Brown were part of a nationwide sweep of alleged sham consultants by the federal agency and officials in 18 states.
The lawsuits and cease-and-desist orders announced by Federal Trade Commission Chairman Jon Leibowitz and California Attorney General Edmund G. Brown were part of a nationwide sweep of alleged sham consultants by the federal agency and officials in 18 states. |
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| "Loan Modification" - In The News: |
Many of our Affiliates were in the Loan Modification business, but they decided that they did not want the liability, exposure, and headache that came along with operating in that space. They did not want to put their DRE license at risk. They did not want to lead their valued Clients in to another dead-end scam. They did not want to learn a new business. Many of them were never paid by the companies they sent files to, among various other issues.
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| 60 Minutes on CBS talks about loan modifications. |
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| CNN's Lou Dobbs on the Hope for Homeowners Government Program |
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| Fighting Against Foreclosure |
| Some homeowners have found a new tactic to keep banks at bay. |
| 02/24/09 |
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| Congresswoman on Hold on Bank Helpline |
| Homeowner's attempt to fight foreclosure are hampered by bank call centers. |
| 01/22/09 |
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| Family Fights Back to Keep Home |
| Amid charges of bank violations, one N.Y. family turns foreclosure around. |
| 05/07/08 |
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