97 inquiries | Foreclosure Consultants
(800) 870-8046
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This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.
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BCA's Summary and Analysis:
Most complainants allege misrepresentation of services being offered. Some complainants allege they sold their home to this company under the impression the property could be bought back in one year. During the time of the contract the client is paying rental fees to the company to stay in their home. The company fails to notify the complainant that the property is going into foreclosure as the house payments were not being made. A few complainants allege they did not receive full or sufficient amount of equity on their property. The company responded to a complaint by stating the client failed to make their monthly rent payments on time thus their company could not pay the lender which resulted in a foreclosure. The company also responded by stating that all notice of defaults and trustee sales are public record or the complainant signed and agreed to all terms and conditions.
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Company Info
This company's business is providing equity purchasing and foreclosure services.
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Licensing
We know of no licensing or registration requirement for companies engaged in this company's stated type of business.
BCA has no information regarding government actions at this time.
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.
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
BCA has no information regarding advertising review at this time.
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