Loan Modification & Foreclosure Prevention (You DONT Need to Pay)
Loan modifications are done at no charge by HUD approved counselors, there is no need to pay a fee to so called “loan modification experts” that you see on the internet and on YouTube. Don’t fall victim to another scam, contact a HUD approved counserlor if you need a loan modification. About this video: This community event was put together by the City of San Jose Housing department (Robert Lopez), the Department of Real Estate, HUD approved couselors, non-profit legal aid agencies, SCCAOR members and CAMB approved counselors with the main purpose of assisting homeowners with their loan modifications and to help prevent more foreclosures. More information at: sccrealestateuncensored.com/2008/what-is-a-loan-modification/ sccrealestateuncensored.com/2008/loan-modification-foreclosure-prevention-event-in-san-jose/ micasamidinero.com/2008/que-es-una-modificacion-de-prestamo/ micasamidinero.com/2008/modificacion-prestamos-prevencion-foreclosure-san-jose/
Isnt everything the last 5 years seem to be about some big money real estate scam? Here is an A&E “Flip This House” scam that was shown to viewers. Part 2 of this story is located HERE www.youtube.com
I found this company that not only knew ALL the in’s & outs of HAMP, but also guaranteed results or my money back! Only $200 if you want their help but their online services are FREE! & so worth it!
Check out freehampreport . com – they saved my house so I hope they can help with everyone else who is still struggling for a home mod.
Also, they were in MSNBC, FORBES & AOL, so I believe they are the most legitimate company around!
banks dont modift loans, they foreclose on people. I dare you to show me one person that has modified their loan.
I’ve been dealing with the same thing for 11 months good luck, we got denied 4 times so far, had to borrow enough funds to get out of foreclosure and pay fees and still got denied.. loan mod’s for the middleclass are a scam .. I’ve had 2 major emergency surgeries and still got denied with them saying I have no hardship
I’ve had 2 major emergency surgeries, applied for a loan modification hardship, was denied, applied for a loan modification was denied, hired an attorney and was still denied, loan mod’s are a joke if your middleclass – it’s a scam for more properties to become available for more low income families that don’t qualify for a loan- Gov offers more programs for non qualifing minorities.. they are stealing our homes and giving them away
great vids
fernfeyes
I agree. I paid a law firm $3000 up front, gave them all of the paperwork they asked for (3 times) and they kept assigning new people to my account. They sent a letter to my lender telling them to stop calling me. Then I find out today that my house is in default and they intend to foreclose. I called the law firm, they asked for the same paperwork I supplied them with 3 times already. I am ready to walk away, but I want my money back!
NACA is for the Hail Mary pass if you want to save your home, although I don’t like them either.
Better yet, if your house is worth shit, then walk away from it and rent.
The worst thing to do is get attached to a material thing like a home and go broke.
Cash is King. The banks are liars, and you don’t need them.
excellent work!
Thats what you get for having a country that is run by the banks
Feldman Law Center Representative
Case Number: 00HM03981
Defendant: Steven Greg Feldman
Demographics:
Eyes: Green
Hair: Brown
Height (ft/in): 6’1″
Weight (lbs): 200
Disposition Date
1 0 05/16/2000 12031(a)(1) PC M Carrying A Loaded Firearm In Vehicle GUILTY 10/26/2000 Pled Guilty 10/26/2000
2 0 05/16/2000 647(b) PC M Engage and agree to engage in prostitution GUILTY 10/26/2000 Pled Guilty 10/26/2000
Case :00HM03981
Orange County Court has this online
No matter what you do, stay away for Feldman Law Center! Scam and rip-off is what you will encounter. These are real white collar crooks. Steven Craig Feldman lies and cheats. Check him out with the Bar. His records speaks for itself.
Feldman Law Center being a fraudulent loan modification company.
Steven Craig Feldman is a thief in a suite, aand a dead beat dad.
State Bar of California
Steven Craig Feldman – #103676
Administrative Actions
8/16/2007 Admin Inactive/MCLE noncompliance Not Eligible To Practice Law
9/27/1999 Suspended, failed to pay Bar membr. fees Not Eligible To Practice Law
8/23/1999 Suspended/Child & Fam Supp noncompliance Not Eligible To Practice Law
Bar Number 103676
Feldman Law Center is a scam. Steven Craig Feldman has a very bad record. Check out his law record with the California State Bar. Also, compair his record to good laywers. His license has been suspended for reasons that demonstrate he is a deadbeat and irresponsible. You can not trust this snake!
The same people who got paid commissions to get you into your mess and the same people who now offer the “solution”…and get a commission again. The only way to get housing prices down to realistic levels is to WALK AWAY!
Don’t go with the HOPE program! You can’t modify your loan for 5 yrs. and any equity has to be split with the Government! You can try to modify on your own with your lender BUT think of who you are working with, your sleeping with the enemy! Look for a company who’s no b.s. and will negotiate for you! They will charge a fee, they are a business, plus think of how much you’ll be saving!
That is just one case scenario. Not everyone has a house that is that expensive. But if your lender says no, then it is no. They don’t have to grant anyone a modification and if they don’t, the homeowner is out of at least $500. Because that is what the broker will want for the work he/she did or did not do. Unfair either way you look at it.
Honestly speaking, there are successful loan modifications done. However, as I mentioned it on the article titled “What is a Loan Modification” (find it in my site SCCRealEstateUNCENSORED dotcom), the borrower does need to qualify for the loan modification.
Now if you have a borrower who does not have a job or only makes about $1,000/month and expects a loan modification for a $800,000 loan, then yeah….that would most likely not work and the loan modification would be denied.
There are some (emphasize the word some) brokers who are doing loan modifications successfully and legally BUT there are far more brokers and companies charging upfront fees illegally.
I know in California and many other states, it is illegal to charge fees upfront for a loan modification unless the Department or Real Estate or another State authority has reviewed their contracts and provided them an official “no objection” letter.
And be honest, you know a lot of lenders will NOT DO A LOAN MODIFICATION no matter who the homeowner gets to represent them. Ultimately the homeowner is out of money. They may not be out of all the money they gave to the broker for the loan modification, but the broker will keep $500 to $1,000 of their money. Is that fair to the struggling homeowner, NO IT ISN’T.
Jason,
FYI this event was done with the help of HUD approved counselors and non-profit organizations. It was not done with loan modification companies since the majority of them are operating illegally by charging fees upfront.
The Housing Dept in the City of San Jose is already working on a second event just like the one you saw on this video. And it will take place sometime in the beginning of 2009.
And the sad part is, they don’t tell the homeowner that not every lender will grant the loan modification. Also, the people you are paying the money up front to do a loan modification will only give you a portion of your money back. If they can’t do the loan, they will keep at least $500.00 to $1,000 of your money. All of them charge a different fee to the homeowner. They go by what your monthly mortgage payment is. They are scumbags.
The people on the lender’s side that discourage borrowers from getting a loan modification are inept and inexperienced. In certain cases it is much beneficial for the lender to do a loan mod.
While it is true that lenders do not need to accept loan modification programs, many lenders are getting smarter and negotiating a win-win situation for both parties. However, it is the lender’s ultimate decision to accept or reject the loan modification proposal.
Why is it that unemployed loan officers think that anyone needs modification companies? Why would anyone GIVE money to these scumbags? They stole your money the first time, and now they are stealing it again.
Why is it that lenders try to discourage borrowers from trying to get a loan modification. Some of the things they tell us are that they don’t have to work with loan modification companies and they they do it as a courtesy but they have the power to say no. Lenders can be so cruel.
The newly elected President Barack Obama could enact(once he takes office)to federally mandate long term loan modification’s (interest) on behalf of all Americans with ARM Negative (sub-prime/ deferred interest) mortgage loans (the main reason for foreclosures) at a low interest rate (fixed by the Federal Reserve Bank) for 40 & 50 year’s, depending on income. Leaving it up to the bank’s to do this is akin to putting the fox in the hen house to protect them.
I had a similar problem. My videos show how I solved it:
watch?v=tH5xgC8RyTk
watch?v=6XOVIhC8YWI
watch?v=_XxzRgFhxdo
I am still in my home! Call me crazy! I agree – I am as crazy as a fox!
we already know reality TV is fake, anyone who thinks otherwise is an idiot.. but flipping houses CAN be a good profit, BUT, at the same time, it can backfire and pit you mega bucks in the hole. it depends how much previous experience you have working on homes, who you know, ect ect,
Love this guy. What an enterpreteur. Good.
@rannedwards why is it always about race? That has nothing to do with it! You’d be cheering if it were about a white guy.
fucking liar , you just stole $1300 fom me, if you have this video on youtube i will tell everybody that you are a fucking crook
@mikeyaaa @mikeyaaa Your comment is why people all over the world hate white people. Thank you for adding to it and bringing the point home.
@mikeyaaa Your comment is why people all over the world hate white people. Thank you for adding to it and bringing the point home.
@mikeyaaa this is why you people are hated all over the world.
Faux News has it in for anything black. I wouldn’t believe them reporting anything, unless I was in on every aspect of the report from the beginning to the editing and airing.
Faux News has it in for anything black. I wouldn’t believe them reporting anything, unless I was in on every aspect of the report from the beginning to the editing and airing.
Never trust a nigger.
foreclosing?.Get all the paperwork and knowledge you need to use the produce the note and even more power to stay in your home, for just 198. Dont pay several hundreds or even thousands, go to stop or delay foreclosure online, and use the discount code 7128098. This washington dc agency gave me everything I needed to have the needed leverage to get my lender to deal fairly with me. you can also find them online at homeowners assistance info, and remember to use your discount code 7128098,
you have to presume A&E’s legal dept. scrubbed this clown’s background and knew all along they had themselves a real worthless piece of shit, but figured it would be a lot easier to roll the dice and cover his incompetent ass in fear of a potential threat of a NAACP lawsuit. The new Atlanta team is the real deal.
I was wondering what happened to him…and guys enough with the racist talk…get over yourselves
HUGE OPPORTUNITY EXISTS CLEANING FORECLOSED HOMES FOR BANKS
hotshorturl(DOT)com/abl24
they need to uncover dean graziosi scams
This is old news. Why are you fake wannabe racists still on this shit trolling?
When theres somebody black involved theres always some thing shady about it one way another. Dumb niggers your free to go back to your shit whole malaria of a country.
way to go A&E – you asses
that is why you don’t buy from a black man
its a teevee show, it obviously would have many phony parts to it. Who would be dumb enough to invest with him?
These episodes are no longer aired.
LOL this is Hilarious! A&E needs a new fact checking department and the audience needs to know that flipping isn’t easy nor as profitable as it’s made out to be.
I’m a real estate investor and I love the show flip this house; but I never heard of this guy. I can’t believe this really happened.. SAD!
disgusting. lock the bastard up for fraud.