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Do not give Legal Loan Review Money!
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In June 2011 we received a mailing from Legal Loan Review stating we would be eligible for a Loan Modification with their company. It stated a summary which included a principle reduction. My wife called and talked to Greg Hayworth about helping us. Unfortunately she had a check for $2,995.00 drawn out of her account to Legal Loan Review on June 22, 2011.
We now know it is illegal for any California Company to collect up front fees. The business has to have a written agreement with the customer's lender before any fees can be collected. Greg told us we have been approved and nothing has ever happened as of today's date March 21, 2012! I finally called our lender and they said they do not do principal reductions at all, which is what we were looking to do. All the company did was lie to us and string us along for nine months. I see their are many other complaints on BBB about this company. All we want is to get our $2,995.00 back. This company should be closed by the Dept of Real Estate in California after all refunds are made to all that were lied to. There are 27 reports to the BBB of Los Angeles Ca.
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