Unbelievable how far these loan mod scammers will go!!
Watch out for GINO! Oh yes, lucky me, I got a call from my lender, CitiMortgage, extending an offer to modify my loan. Only problem there is that my house was foreclosed on 6 MONTHS AGO!
I had to check this out…turns out it wasn’t exactly CitiMortgage., but Gino from the United Mediation Group in California. What followed was a classic scam pitch which, if I bit would end up costing me thousands and put me a worse financial situation with my lender (well, former lender).
The pitch contained many red flags that hinted that Gino and his buddies were not exactly straight shooters. Yes, there are reputable resources for lona modifications – chief among them, your lender – but also keep in mind that for many people, loan modifications are oftentimes not the best long term solution.
If anyone other than you mortgage lender solicits you for a loan modification, RUN! And even if you lender suggests it, you are advised to seek legal counsel to ensure that you are not making a bad situation worse.
FYI, just for fun, check out United Mediation Group on the BBB website:
Watch out folks! These scammers are everywhere! Don’t be a victim!
