Asked by Raygun, Hollywood, Los Angeles, CA • Sun Feb 22, 2009
A friend of mine was called by a law office here in Los Angeles recently offering loan modifcation services. What did NOT sound right was that she was told that the only way to get a principle reduction was by using an attorney. Also, they asked for a fee of $3,000 without seeing any docs/financials or talking to her lender. As if that was not enough, she was honest about her sitaution about her possibly losing her job soon, and was told " that's ok, you can still qualify". She then asked to speak to one of the attorneys in the office, but was told" you can't speak to them, you can only speak to me." Sounds extremely dishonest to me. Are there laws against this behavior or can these companies just lie at will to collect a fee?
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