132 inquiries | Loan Modifications Advance Fee
(888) 326-3303
http://www.greenleafloanmods.c...
Company Rating
F
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Complaint Experience
N/A
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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BCA's Summary and Analysis:
Complainants allege unfulfilled contracts excessive delays for services and that the company fails to honor their refund guarantee if no loan modification is performed. Clients complain they pay large advance fees for loan modification services with the understanding that if no modification is negotiated their money will be returned minus a $395 processing fee. Some complainants allege they were instructed to stop paying their lenders which placed them in greater financial difficulty. Most complainants report being given the run around and are requesting refunds.~~The company responds to complaints by denying refund requests based on contract terms and conditions or by disputing the complainant’s allegations and blaming delays and failures to negotiate loan modifications on the complainants for not supplying necessary requested documents. Some complaints are unresolved meaning the company failed to properly address the complaint allegations or their response was inadequate.
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Company Info
This company's business is providing advace fee real estate brokering services.
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Licensing
California Department of Real Estate
Verified License
License Number: 01851036 Status: Revoked
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.
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