This is for anyone dealing or contemplating using nod consultants. For those of you not familiar with them they are a mortgage loan modification firm.
Recently I had been working with them because of a flyer that came in the mail, everything was going fine and I thought I was on track for the 4.25% interest rate they had supposedly negotiated with my noteholder BOA.
Well I started to do my homework when they sprung the hidden fee on me and told me I only had 48 hours to accept the deal, $3000 FYI. So I went online and found a list of documents that you should request when working with anyone, and I forgot to mention I had been phoning and E-mailing these guys but never had I actually met a real live peson.
I emailed them once again and told them I could not afford $3000 but a mere $500, we ended up negotiating to $975 and they were willing to personally finance the remaining balance. I then emailed them the request for documents that I had found online. Suddenly no response the 48 hours came and went so I called BOA and they informed me there had been no activity on my account.
I went on to learn that loan modifications are done by mortgage banks brokers and other organizations generally at no charge. So I called the broker who had secured my mortgage four years ago he was happy to help me FREE of charge and I have negotiated payments I can afford. Things are definitely looking up for me now and I am pretty sure the FBI will get a hold of these filthy rats, God bless America. And to think how close I was I am sure they would have taken my $975 and vanished.
Review about: Mortgage Modification.