Is Foreclosure Prevention Management 16200 Ventura Blvd #404 Encino, Ca, a legitimate business? Elderly friend pd $15,000 so far but they seem shady.

Asked by Jhhandyman4hire, Palmdale, CA Mon Dec 9, 2013

They are supposedly working on "Quite Sale" for her and she keeps giving them $1300.00 on the 1st every month but I do not believe they are legitimate. To many inconsistencies and non legal (copy/paste) documents. Thanks 4 any help!

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13
Kathleen Bec…, Agent, Santa Monica, CA
Mon Dec 9, 2013
BEST ANSWER
That sounds like a SCAM. Any legitimate foreclosure prevention company should not be collecting $15,000 or any money up front for services...she should be working directly with her mortgage lender. Sounds very predatory and fishy to me. If she has paid that amount of money, she might have been able to work out something directly with her mortgage lender.

See the info below direct from the Department of Justice...you may want to contact them directly and make a report so they will investigate this company.

Good luck!

All the best,
Kat

http://www.justice.gov/ust/eo/public_affairs/factsheet/docs/…

DON'T GET "LOCKED OUT" OF YOUR HOME
BY A BANKRUPTCY SCAM OPERATOR

Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts before you pay someone to help you work out your mortgage problems.

"Bankruptcy foreclosure scams" target people whose home mortgages are in trouble. Scam operators advertise over the Internet and in local publications, distribute flyers, or contact people whose homes are listed in the foreclosure notices. Sometimes they direct their appeals to specific religious or ethnic groups.
These scam operators may promise to take care of your problems with your mortgage lender or to obtain refinancing for you. Sometimes they also ask you to pay your mortgage payments directly to the scam operator. They may even ask you to hand over your property deed to the operator, and then make payments to the operator in order to stay in your home.

But instead of contacting your lender or refinancing your loan, the scam operator pockets all the money you paid, and then files a bankruptcy case in your name -- sometimes without your knowledge.
A bankruptcy filing often stops a home foreclosure, but only temporarily. If a bankruptcy is filed in your name but you don't participate in the case, the judge will dismiss the case and the foreclosure proceedings will continue.

If this happens, you will lose the money you paid to the scam operator -- AND YOU COULD LOSE YOUR HOME. You will also have a bankruptcy listed on your credit record for years afterward.
Proceed with care if an individual or company:

Calls itself a "mortgage consultant," "foreclosure service," or similar name.

Contacts or advertises to people whose homes are listed for foreclosure.
Collects a fee before it provides services to you.
Tells you to make your home mortgage payments directly to the individual or company.
Tells you to transfer your property deed or title to the individual or company.

If you can't pay your mortgage, call your mortgage lender or contact a lawyer for help. Your state or local bar association may be able to help you find low-cost legal help.

If you think an individual or company is running a mortgage foreclosure scam, contact the local office of the United States Trustee. The United States Trustee is a Justice Department official who monitors the bankruptcy system. Look for your local United States Trustee's telephone number in your telephone directory or on our web site at http://www.usdoj.gov/ust.
Press Contact:
Public Information Officer
Executive Office for U.S. Trustees
(202) 305-7411
1 vote
Randy Spaldi…, Agent, Los Angeles, CA
Mon Dec 9, 2013
There are many companies out there offering to help home owners avoid foreclosure and taking up front monthly fees while doing little or nothing. It is not likely that this company is doing anything on behalf of your friend, and if they are, it's nothing the owner of the property couldn't have done themselves. The money the are paying is being thrown away. If they were attempting to get a loan modification, they could negotiate that themselves and the lender would rather talk to them. Otherwise if they don't make payments, and don't negotiate some modification, the only way to delay the foreclosure is filing bankruptcy which actually only delays it for a short period of time. Generally the lender who is foreclosing can work around the foreclosure with only perhaps a 2 month delay. I think they should talk to the lender and find out if any negotiations are going on with this company. If not the recommendation of contacting the State Attorney General's office is a good idea. It sounds like a scam and probably is.
1 vote
Scott Godzyk, Agent, Manchester, NH
Mon Dec 9, 2013
It does not seem right. Anyone can work direct with their own bank for FREE.. i would contact the AG office of your state and they can can assist you and your friend.
1 vote
Shanna Rogers, Agent, Murrieta, CA
Mon Dec 9, 2013
Hi Jhhandyman4hire,

No one should EVER pay anyone upfront fees to help sell their house. I'm assuming your friend is trying to avoid foreclosure? Have your friend contact a Real Estate agent for assistance asap.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
1 vote
Ddawson, Home Buyer, Los Angeles, CA
Wed Aug 12, 2015
Jhhandyman,

A client of mine was also scammed by these folks as well. I'm looking into these folks. Can I contact you or you contact me?

thank you

Dawson, Esq.
0 votes
happycustome…, , Los Angeles, CA
Tue Jun 17, 2014
On October 30, 2013 Shwana Page was offered a trial chance to promote Foreclosure Prevention Management and abused intellectual property in the process. Miss Shawna Page copied and pasted her name over Foreclosure Prevention Management's working agreements without permission and used it for her own financial benefit.

Once evidence was discovered of this fact she was dismissed and told she can no longer have any affiliation with the company. In an effort to get revenge, she worked with another former unprofessional contractor (a notary) and acquired the director' Miss Martin's drivers license number, personal address unlawfully turning such case against her and her accomplice into identity theft.

In an attempt to save herself, she has gone on a personal crusade to tarnish the company's name and director's name to take the responsibilities off of her own careless actions unrelating to the company to save herself. Shawna Page from oregon, owner of redeem the truth and creator of mortgagescamalertf@yahoo.com has no education in real estate, forensics, securities, loans or securitization. This is obvious.

In an alleged claim of an open investigation filtered by herself to create damage serves no evidence of anything other than identity theft on her own behalf.. You can't collect money from someone and state, "oh, this is all FPM's work and I gave them the money" that will never fly!!! Business is not conducted that way.

There is no evidence to support any claim of any investigation and the company will not let these defamatory remarks to go unpunished.

Furthermore, There is no such thing called a QUIET SALE. Anyone telling anyone such a thing has no idea what they are talking about.
0 votes
Jim Malmberg, Agent, Burbank, AZ
Fri Jun 13, 2014
As I understand California law (and I am not an attorney) it is illegal to charge up-front fees for foreclosure prevention or loan modification. You should contact the Attorney General's Office in Sacramento. You should also contact the LA City and District Attorney's offices.

The DA's office has a group that specifically investigates elder fraud. It is felony in Los Angeles.
0 votes
Ken Schaeffer, Agent, Burbank, CA
Thu Jun 12, 2014
a quick sale? they should get paid at the end not up front
0 votes
Ken Schaeffer, Agent, Burbank, CA
Thu Jun 12, 2014
YOU SHOULD NOT PRE PAY FEES TO ANY FEORECLOSURE PREVENTION COMPANY
gO TO THE GOVERNM3NT WEBSITE AND IT WILLTELL YOU THAT
MOST OF THE COMPANIES THAT ASK FOR EXCESSIVE FEES ARE NOT LEGITIMAT
0 votes
joe2013, Home Buyer, Portland, OR
Thu Jun 12, 2014
0 votes
Brad Korb, Agent, Burbank, CA
Sat May 24, 2014
I work with an attorney who helps clients with loan modifications ,usually there is a upfront fee & then no other fee until you have the loan modification worked out ,i would Google the company ,good luck!
0 votes
mortgagescam…, , Bend, OR
Thu May 15, 2014
Please be advised that there is an open investigation going on against Sierra Martin with Foreclosure Prevention Management for Mortgage Scam with the Federal Trade Commission, FBI and the District Attorney’s office of Los Angeles, California.

If you feel you have been victimize by Foreclosure Prevention Management owned by Sierra Martin there is a few things you can do.

Step 1: Call
Federal Trade Commission
Washington DC 877-382-4357 Opt 1, the opt 3
File a Complaint for Mortgage Scam

Step 2: Call
FBI Mortgage Scam 202-324-3000. File a report for Mortgage Scam

Step 3: Call
Van Nuys Real Estate Fraud Department 818-374-9420 call and file report.

Step 4: Call the Department of Real Estate of California at (877) 373-4542 ask to speak with enforcement and file a complaint for Mortgage Scam.

If you want additional help please contact Shawna with mortgagescamalert@yahoo.com
0 votes
Shannon Chang, Agent, Arcadia, CA
Wed Dec 11, 2013
No one should be asking you for money up front. It sounds wrong!
Call the Better Business Bureau
0 votes
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