We were approached through a reference of a friend of ours by a company that supposedly would help us mitigate our damages on our loan, i.e., foreclosure. We were informed by the sales rep immediately upon his review of our loan docs, that we had a good case against the lender because of fraud. Little did we know about who was frauding who. We signed up and agreed to the terms, BUYER BEWARE, NEVER, EVER, stop paying your loan. We were informed that we needed to discontinue paying our loan and not discuss with our lender anything. This we were told was for two reasons, one, they the loan mod company, would be filling in court against our lender for fraudulent practices, and two, if we paid into a “TRUST” Account, i.e. STAD, we would be showing good faith in repaying our debt.

Well a sis so often heard of these days we paid into this “TRUST” Account through STAD, (Saving the American Dream) for a number of months totaling over $11,000.00 Dollars. After a total lack of communication on their part to us, and a continuance of feeling taken, we aggressively pursued a refund. STAD informed us at one point this would not happen, after complaining to the BBB and the DRE, we were contacted by the Pres. of this company , and promised that if he could not get anything done for our mortgage holder a refund would be forthcoming.

This while our middle class family of four was waiting for a short sale to take place, our home had already been scheduled for auction in December of 08. Well, at the end of the day, we lost our home, had our credit ruined, and have yet to see any refund.

After complaining to the DRE, The AG, The BBB, the local Consumer fraud division of the Orange County DA’s Office, we wanted to WARN others about this company. They, the DRE, currently have 34 other complaints filed against this company and it currently is in their legal dept., under review. We also have a case in civil court pending against this company and its legal staff. Additionally, we have filed a complaint against their atty as well. He has an interesting record to boot.

We recently filed with the AG’s special investigation team at which the last question was what we expected as far as a remedy is concerned. Well, having our home back would be nice or compensation thereof as a substitute would be nice. Though realistically, our desire is to not let happen to us happen to another Middle class family. There is a large part of bureaucratic tape in getting these, in our opinion, SCAM companies off the beaten path for consumers that through media and other methods maybe the lack of customers through education will accomplish the same.

Thank you for your time