Another Scam Company In Southern California
I don’t know why common sense is lacked by most people these days. Guys, because Obama is on TV saying he will help doesn’t mean the mom pop loan modification company will. In fact, I am willing to bet that less than 10% of the Loan Modification Companies in California are operating legally. Let’s forget my opinion for a minute, I know 9 loan modification companies here in Orange County - and not one of them is operating legally. 100% of all the companies I know personally are operating illegally. Don’t be surprised.
From ABC:
Foreclosures are at an all-time high, especially here in California, so it’s no surprise that loan-modification businesses are booming. The only problem is that a number of those companies are considered scams. Now ACORN, a non-profit organization helping people get out of loan trouble, claims that one of those businesses is in Buena Park. ACORN alleges that business is one of those scams.
Wednesday afternoon, about 30 protestors, mostly loan-modification clients of Center Legal, a loan modification company in Buena Park, gathered in the parking lot. Then they headed to the offices of Center Legal to accuse the company of fraudulently charging them thousands of dollars for services not performed. The protestors wanted to demand their money back.
But along the way, about 15 of the protestors, including members of ACORN who organized the event, and an ABC7 photographer, got trapped in a building elevator for more than half an hour.
