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23067 Ventura Blvd #201
Woodland Hills, CA 91364
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http://www.afglifesettlements....

Company Rating

F

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Customer Reviews

based on 0 reviews.

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Complaint Experience

N/A

Complaint Resolution Index (CRI)

Membership Information

This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.

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Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

BCA's Summary and Analysis:

Most complainants allege deceptive and misleading selling practices. Some complainants allege the company promises lower interest rates and payments; however, once the loan modification is received the interest and payments were not as promised. Other complainants allege the company fails to obtain loan modifications, or otherwise provide foreclosure assistance services. Some complainants allege the company repeatedly gave them false or inaccurate information concerning the status of their modification contracts, or that the company fails to return phone calls or otherwise respond to inquiries concerning the status of their foreclosure proceedings. Other clients report unauthorized charges to their credit cards.

The generally company responds to complaints by refusing refunds stating services were provided as contracted and provides explanations of services. The company responds to some other complaints stating they were not paid for the modification however; all responsible parties have been notified of the refund request.

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Complaint Closing Statistics

0 complaints against AFG, Inc. closed in last 3 years.
Complaints Type of response
0 Making a full refund, as the consumer requested
0 Making a partial refund
0 Agreed to make an adjustment
0 Refusing to make an adjustment
0 Refuse to adjust, relying on terms of agreement
0 Unanswered

Other Information

Company Info

This company's business is providing loan modification, foreclosure services, life insurance settlement and financial planning services.

Primary Contact: Ali Sina (Owner)
Business Started: 2/17/2006
Social:

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Licensing

California Department of Insurance

Verified License

License Number: 0G15366
Status: Inactive

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Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

Effective October, 2009 in California, it is illegal to collect any fees, regardless of the form, for negotiating or attempting to negotiate a loan modification for a residential mortgage. All modification services must be fully completed before any money can be collected. It is also illegal to divide fees or services into components for the purpose of avoiding this law.

HUD approved housing counseling agencies are exempt from this law. For businesses outside of California, please check with the agency that regulates this industry.

Other Considerations

Our files show disconnected phone numbers, returned mail or both. The company appears to be out of business. We cannot trace addresses of companies or principals. General information is available upon request which may assist you.

Industry Resources
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Additional Info

DBAs:

Life Settlement Broker
A.F.G., Inc.
American Family Group

Websites:
There are no additional web sites.

Contacts:

Steven Sax (Broker)
Lisa Pour (Home Retention Specialists)
Neal
Alan Tabrizi (Supervisor)

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