Posted by Yoli/CA on 12/3/10 11:20am
Msg #363745

Loan Modification Application calls -

Had 2 calls yesterday for loan mod application.

First caller (619-481-5807 -- didn't catch name) said it was 30 page doc with 1 notarization and pick up items on check list. Picking up checks was never mentioned. Couldn't meet my fee.

Second caller (Notary Pro, 714-824-8685) said they had 2 to do tomorrow in same town. 30 page doc, pick up items on check list and 3 post-dated checks. We didn't even get to fee discussion. Told them I don't do those.

Reply by Linda_H/FL on 12/3/10 11:22am
Msg #363746

Do they not know up-front fees are a no no??

I thought CA was the first state to put that through - good grief.

Reply by James Dawson on 12/3/10 12:03pm
Msg #363765

Re: Do they not know up-front fees are a no no??

I think they try to get around it by cashing the checks after the application has been processed (Not approved). I have seen that fee, about $3,900.00 dollars. No I haven't done any but a senior citizen at the center showed one to me and asked what I thought?

Reply by Linda_H/FL on 12/3/10 12:31pm
Msg #363777

This is exactly what 21st Century was doing...just before

their surprise party with the FBI...there's no getting around it - there are to be no fees due until the services are complete...period.

I can't believe there's still companies doing this...

Reply by Donna McDaniel on 12/3/10 1:00pm
Msg #363788

Hopefully after 1/31/11 this will stop.

http://www.washingtonpost.com/wp-dyn/content/article/2010/11/26/AR2010112601098.html

Reply by Linda_H/FL on 12/3/10 1:06pm
Msg #363792

Pfftt..it's already illegal in a majority of the states

and apparently it hasn't stopped them yet...

This should have stopped already - too bad the general pubic isn't onto the thieves yet..

Okay..I'm done..