Has anyone hear of a company name Federal Mortgage Solutions? They're offering me a mortgage settlement 2 honest 2 b?
This company has offered to buy out my current mortgage, cut it in partially, reduce my 6.25% interest rate to 4.0%, and cut my monthly payments in partly. To me, this just sounds way to well brought-up to be true, so I'm trying to find out if anyone else has been contacted by this company.
Answers:
It sounds like a scam. If it sounds too fitting to be true, its not true. No bank is able to do what you are truism this at this point. The loan modifications backed by the government are helping out sub prime mortgage home owners. There isn't any lawful company that can offer what you are saying. Don't spend foolishly your money. Grill them and ask how can they do something no bank can. Report them to HUD or proper authorities.
Are they offering this to you because you are behind on your payments? Some of the lenders are very soon offering this to their home owners because they need a loan modification. You may want to check it with your lender. If this is the skin you will receive a notice from your lender with thesis work that needs to be filled out and returned to them contained by order to get the loan modification. If this is basically an offer I would check around I have not hear of any rates being that low.
Spend some smart money and enjoy a lawyer review the docs. One who works for you.
There's an antiquated saying-- if it sounds too good to be true, it probably is. They're not going to just agree to you walk away with singular 1/2 your debt. When companies do stuff like that, they usually stretch your payment timeframe out twice as long (so if you enjoy 15 more years until your house is paid off, it will really give somebody a lift you 30 more years). When it's all said and done, you'll end up paying more or less twice what your debt actually was b/c of interest. That's the ONLY style they can do this without putting themselves into debt.
This has "scam" written adjectives over it.
It took a bit of doing, but I was able to find their website: http://www.federalmortgagesolutions.com/
The site have one page with two clickable links: Contact Us, which returns a contact form (no e-mail address) and a link to download the forms. On these forms, they ask for adjectives of your credit card information in order to money an upfront fee. They also ask for a lot of personal information. I guess you're supposed to nickname them to get specific terms to put onto the form. They don't offer any indication what their rates are, yet there's fields contained by the form for how much your credit card is to be charged.
The only other references I found to Federal Mortgage Solutions (other than listings contained by various yellow page type sites) were ads on Craigslist and other local LA publications offering job for people to be mortgage consultants for the company. And, they're offering $500 a pop for each "client" a consultant lands.
Tell them to put it in WRITING and sign it. LOL
Also, do NOT retribution any money UP front to these people. Tell them to put the closing costs into the refi.
Watch how fast their tune change. Source(s): By the way, I followed Paul's link, and this have to be the most unprofessional website I have ever seen. That to me is a tip bad of a rip off!! Also, do a WHOIS lookup..I bet their domain is only upright for a year...and they probably just recently launch it. This is another tip off of scammers.
Save your money..and also, I didn't get as far as the application, I be too fearful to click on anything due to them possibly putting some bug on my pc..but I bet their application page isn't encrypted...I wouldn't be surprised if at the top when you are in the app page it doesn't own https:...LOL
R U N F A S T !
Related Questions:
Do 2 ethnic group own to be married to hold a mortgage together surrounded by Greece?
Hi I am from England but living in Greece. My boyfriend is Greek. We want to buy a house together but dont want to get married basically yet. Could all Greeks here let somebody know...
Answers:
It sounds like a scam. If it sounds too fitting to be true, its not true. No bank is able to do what you are truism this at this point. The loan modifications backed by the government are helping out sub prime mortgage home owners. There isn't any lawful company that can offer what you are saying. Don't spend foolishly your money. Grill them and ask how can they do something no bank can. Report them to HUD or proper authorities.
Are they offering this to you because you are behind on your payments? Some of the lenders are very soon offering this to their home owners because they need a loan modification. You may want to check it with your lender. If this is the skin you will receive a notice from your lender with thesis work that needs to be filled out and returned to them contained by order to get the loan modification. If this is basically an offer I would check around I have not hear of any rates being that low.
Spend some smart money and enjoy a lawyer review the docs. One who works for you.
There's an antiquated saying-- if it sounds too good to be true, it probably is. They're not going to just agree to you walk away with singular 1/2 your debt. When companies do stuff like that, they usually stretch your payment timeframe out twice as long (so if you enjoy 15 more years until your house is paid off, it will really give somebody a lift you 30 more years). When it's all said and done, you'll end up paying more or less twice what your debt actually was b/c of interest. That's the ONLY style they can do this without putting themselves into debt.
This has "scam" written adjectives over it.
It took a bit of doing, but I was able to find their website: http://www.federalmortgagesolutions.com/
The site have one page with two clickable links: Contact Us, which returns a contact form (no e-mail address) and a link to download the forms. On these forms, they ask for adjectives of your credit card information in order to money an upfront fee. They also ask for a lot of personal information. I guess you're supposed to nickname them to get specific terms to put onto the form. They don't offer any indication what their rates are, yet there's fields contained by the form for how much your credit card is to be charged.
The only other references I found to Federal Mortgage Solutions (other than listings contained by various yellow page type sites) were ads on Craigslist and other local LA publications offering job for people to be mortgage consultants for the company. And, they're offering $500 a pop for each "client" a consultant lands.
Tell them to put it in WRITING and sign it. LOL
Also, do NOT retribution any money UP front to these people. Tell them to put the closing costs into the refi.
Watch how fast their tune change. Source(s): By the way, I followed Paul's link, and this have to be the most unprofessional website I have ever seen. That to me is a tip bad of a rip off!! Also, do a WHOIS lookup..I bet their domain is only upright for a year...and they probably just recently launch it. This is another tip off of scammers.
Save your money..and also, I didn't get as far as the application, I be too fearful to click on anything due to them possibly putting some bug on my pc..but I bet their application page isn't encrypted...I wouldn't be surprised if at the top when you are in the app page it doesn't own https:...LOL
R U N F A S T !
Related Questions:
Do 2 ethnic group own to be married to hold a mortgage together surrounded by Greece?
Hi I am from England but living in Greece. My boyfriend is Greek. We want to buy a house together but dont want to get married basically yet. Could all Greeks here let somebody know...