Residential Retention Center
Complaint 19583 Details
- Date Occurred: 08/16/2013
- Reported Damages: $695.00
- !
The complaint is against an online dating profile
The complaint is a listing fraud posted on public forums or sites against an anonymous entity
The complaint is mobile text spam or smishing related against an anonymous entity
The company or person contact no longer exists
International boundaries
They tell you they can get your mortgage modified, promised a amount and interest rate. Charged 695.00 as a loan processing fee
- Anonymous SBID #16f3a33991
- Posted 09/08/2013
Comments
- Residential_Retention_Center SBID #N/A
- Posted 09/27/2013
-
After reviewing this information that was post as a SCAM, 1st of all I would like to inform that Residential Retention Center is NOT an advertising company. What Residential Retention Center offers is a Relief Loan Modification;
Loan Modification - A loan modification may save your home from foreclosure while lowering your rate, payment & even principal balance. There are many different loan modification programs. Figuring out which one is best for you can be a full time job. The HAMP program listed above is the most popular program due to it's massive media exposure.
The government's HAMP program is a voluntary program that you and your lender must agree to both participate in so that you can obtain a mortgage modification on your existing mortgage. Not all lenders are agreeing to participate in the program. Even if your lender does not participate in the HAMP program or if you do not qualify a loan modification we may be negotiated directly with your lender.
A loan modification is when your mortgage note is modified without refinancing. Homeowners are quickly finding out that this option is the fastest way to save their home while lowering their rate & payment to achieve an affordable mortgage payment.
What are the possible benefits of a Loan Modification?*
• Payments may be reduced to to 1 you can afford without refinancing.
• Interest rate may be cut to reach an affordable monthly payment.
• Principal balance may be reduced in order to lower mortgage payment.
• Loan terms may be extended up to 40 years.
• Late payments & fees may be restructured to give you a fresh start.
• Foreclosure may be prevented at the end of a successful loan modification.
*Listed above are examples of steps used to reach target modified
payment during a loan modification. Results & steps vary.
Homeowners struggling with mortgage payments due to recent job loss, change in income, health issues, divorce, adjustable rates, negative home equity and more may qualify for a loan modification. Even if you have been denied a loan modification before our partners may be able to find you a solution.
Also the $695.00 is the fee for our services for the processing of your loan documentation for your mortgage. This covers all document preparation to insure your financials meet state and federal guidelines, and the guidelines of your mortgager, the processing of all paperwork, and the servicing of your account through the underwriting department for the duration of the modification process.
In this case, what services where NOT render?
-
- thumb up
- 1
- thumb down
- 1
- flag
- Morgann SBID #4e22d7dbaa
- Posted 02/21/2014
- Thank you for warning me about RRC !
-
- thumb up
- 0
- thumb down
- 0
- flag
Similar User Submitted Complaints ▼
Residential Retention Center Complaint 104427 for $4,300.00
-
It's been 7 months since I began this trip down fraud lane to get my mortgage modified. I have...
-
tracey
- Posted on 04/19/2014
Do You Have a Complaint?
Add a complaint and spread the word. High volume complaints have a better chance to get their money back. Submit a report and join forces with others like you!
Submit a Complaint NowBusiness Profile Summary
Company Statistics
- Complaint Against Residential Retention Center
- Complaints Filed: 5
- Reported Damages: $19,884.00
What is SBID?
SBID is a unique id code that identifies the user's computer and location. SBID is used to prevent fraudulent postings and help our community find users who create duplicate user accounts.