Possible fraud Companies: Submission Central and Allegiant Legal Group
I hope this is helpful for anyone reading this prior to falling for this apparent scam. Unfortunately, not only was the originator of this post out of $2400, they now face a foreclosure that could leave them out of a home. I understand wanting to save some money. We all would like that. JUST REMEMBER ONE THING. IF IT SOUNDS TO GOOD TO BE TRUE, IT PROBABLY IS!
I work at a bank where one of our customers brought in this same type of offer. He had seen the ad on TV, CNN or CNBC, and decided to inquire. After feeling a bit uneasy, because they told him to stop making his payments on his mortgage and send the "lawyer" $3600, he came in to talk to us about it. We are not the bank who holds his mortgage, but he just wanted an opinion and advice from one of his banks. Our customer was very grateful to find this post as we saved him from this apparent scam.
I started researching and googling every bit of info I could based on the paperwork they sent him, which by the way, looks like they typed it all out on Microsoft Word. The representative said he worked for "Submission Central, " which was a government agency and the "lawyers" were from "Allegiant Legal Group." I could not match anything on Google to Submission Central and searching Allegiant Legal Group lead me to this post. The Better Business Bureau has no records of either company. The representative's email given of email@example.com was invalid as there is no "ncs123.com."
In my own personal experience and opinion, I do not believe that you could use a lawyer to "renegotiate" your mortgage terms. I have never heard of such a thing. Consider the fact that most loans, especially mortgages, are based on credit history. Unless this supposed legal group is going to magically fix your credit history, you should just walk into a financial institution and inquire about qualifying for a refinance.