Dianne wrote: http://www.reachingu2help.org/
I got a call from them today. I was told the majority of their work is funded through charitable organizations. They have a network of attorney's throughout the US. If you go through them, an attorney in your area will consult with you. They audit your mortgage file with the lender. The lender must respond within 30 days, then can request a 15 day extension; so normally the entire process lasts two to four months. Their audit includes a forensic audit. The cost is $595.00 for everything, as the original retainer to the attorney is paid for by the charities. He says they do not work for the banks.
During this period, the Bank must cease and desist foreclosure proceedings.
If they find any error, and 95% of the time they do; the Bank is in violation of Federal Law and must do one of two things... reduce your principal balance or reduce your interest rate and make the payments affordable.
Q&AAre we attorneys? NoDo we modify loans? No we are against loan modification companies since nationwide statistics show that only 4% of all loans are modified
.What do we do? We survey consumers and help educate them on their legal rights and choices.
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“A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.”
It appears from their site they are a referral service. Organizations would pay a fee to be on their "referral list" as a way to get business. I do not see how this helps any homeowners. From your post YOU are paying the fee to the attorney to review the file, you would then be required to pay this attorney to take action. As Foley posted, I don't see how any audit is going to stop any court proceeding. I also do not know WHY they think a servicer MUST respond to anything.
The bottom line appears to be, they will refer you to an attorney to help you. Then you pay the attorney. I don't think that in itself is a scam, I just think you could pick up the phone book and find an attorney.
Maybe give them a call and ask specifically how they can help.