Cedar Tree Real Estate, Inc. ratings, reviews and complaints - Loan Modifications Advance Fee

Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

Complaint Resolution Index (CRI) Explained The Complaint Resolution Index (CRI) is an indicator on how responsive a company is in addressing and resolving customer complaints brought to their attention by BCA. If they are considering doing business with the company, consumers can use this indicator to forecast the likelihood of having their issues addressed if a problem arises. CRI measures the company's customer satisfaction abilities through BCA’s complaint mediation process.

A variety of factors are considered when calculating CRI. This includes how quickly a company responds to complaints, the number of complaints against a company, whether the company addressed complaint allegations, and the outcome of the complaints. CRI is just a subset of the overall rating for the company. Consumers are encouraged to take into consideration the company's CRI, their overall BCA letter rating and other relevant information about the company so they can make a well-informed purchasing decision.

BCA's Summary and Analysis:

Some complainants allege the company fails to provide loan modifications as agreed and fails to honor their money back guarantee. In other cases complainants allege they are not satisfied with the loan modification agreements the company negotiated with their lenders and in some cases the proposed monthly payment was higher than they had previously paid.~~The company responds to complaints by disputing the customer's allegations or providing explanations for denying refund requests. Several complaints are unresolved meaning the company failed to properly address the complaint allegations or their response was inadequate.

Our complaint services are free and our team of expert mediators will assist in resolving complaints with businesses.

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Complaint Closing Statistics

0 complaints against Cedar Tree Real Estate, 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 real estate mortgage, real estate brokers, loans and other real estate lending services.

Primary Contact:	Patrick Ladkani (President/Broker)
Business Started:	7/17/2004
Social:

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Licensing

California Department of Real Estate

Verified License

License Number: 01451199
Status: Licensed

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

This company ihas indicated to us that they were providing back end processing for some clients of Diamond Consulting Group of Temecula. ~~Diamond Consulting group has an 'F' rating and a seperate reliability report is available on that company.

Industry Resources

Advertising Reviews

Additional Info

DBAs:

Cedar Tree Financial

Diamond Loss Mitigation

Websites:
There are no additional web sites.

Contacts:
There are no additional contacts.

Other Categories:

Real Estate Brokers

Mortgage Services

Real Estate Loans