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Legal Loan Bailout

Phone: (800) 788-5085 Fax: (858) 678-0093 14288 Danielson St #101, Poway, CA 92064 ! Legal Loan Bailout is Believed to Be Out of Business !

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Description

This company offers forensic loan audits and loan modifications.

BBB Accreditation

This business is not BBB accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

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Reason for Rating

BBB rating is based on 16 factors. Get the details about the factors considered.

Based on BBB files, this business has a BBB Rating of No Rating. The reason is as follows:

  • This business has no rating because BBB has information indicating it is out of business.


Customer Complaints Summary

0 complaints closed with BBB in last 3 years | 0 closed in last 12 months
Complaint Type Total Closed Complaints
Advertising/Sales Issues 0
Billing/Collection Issues 0
Delivery Issues 0
Guarantee/Warranty Issues 0
Problems with Product/Service 0
Total Closed Complaints 0

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Legal Loan Bailout
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

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BBB file opened: September 30, 2008 Business started: 03/29/2004 in CA
Type of Entity

Sole Proprietorship

Business Management
Mr. Raj Manghani, President
Contact Information
Principal: Mr. Raj Manghani, President
Number of Employees

16

Business Category

Loan Modification

Alternate Business Names
Capital Express MRE Inc
Industry Tips

What to Know Before Pursuing a Loan Modification

A loan modification is a process where you and your lender or loan "servicer" agree to modify one or more of the terms of your home loan. This can include lowering your interest rate and extending the length of the loan. The ultimate goal is, and should always be, to help you keep your home and to provide you with an arrangement that works for your financial situation.

Many lenders have free loan modification or other programs for homeowners in financial distress. The BBB encourages you to contact your lender directly to see what assistance is available to you. Beware of companies or individuals who ask you to cease communication with your lender or accept money on your lender’s behalf. Money should be paid to the lender directly. If you prefer not to deal with your lender, you may wish to contact a housing counselor that has been approved by the U.S. Department of Housing and Urban Development (HUD) as they may be able to assist you for free. You can contact HUD at 1-800-569-4287 or www.hud.gov. You may also wish to contact the HOPE NOW Alliance, a cooperative effort of home loan counselors and lenders. HOPE NOW can be reached at 1-888-995-HOPE or www.hopenow.com.

Licensed individuals and companies that can perform loan modification work on your behalf include real estate brokers, real estate salespersons under the supervision of their employing broker, and attorneys who offer loan modification services in the scope of their practice as an attorney. Check out licensed real estate brokers and salespersons with the Department of Real Estate at www.dre.ca.gov or by calling (916) 227-0931. Check licensed attorneys with the State Bar of California at www.calbar.ca.gov or (415) 538-2000. ALL companies offering foreclosure prevention services, including loan modification, are required to be registered with the Attorney General's office as of July 1, 2009. You can check the list of registered companies at 800-952-5225 or http://ag.ca.gov/loanmod.

A common practice among companies offering loan modification services is accepting a fee prior to commencing work. On October 11, 2009 Governor Schwarzenegger signed Senate Bill 94 stating companies are NOT allowed to take advance fees for loan modification or mortgage loan forbearance services. Formerly real estate agents were issued a "no objection" letter from the Department of Real Estate to collect advance fees. This agreement is no longer in effect. Attorneys were formerly allowed to accept advance fees, but are also not allowed to take advance fees for loan modification or mortgage loan forbearance services. More information regarding this bill can be found at http://www.dre.cahwnet.gov/pdf_docs/SB94WebAnnouncement(brokers).pdf.

Beware of individuals or companies that ask you to sign a power of attorney or ask that you transfer the title of your home. These actions allow the party with the power of attorney or title to evict you, sell your house without your permission, or strip any remaining equity from your home. The BBB encourages you to read and understand ALL documentation before signing. If you have any questions and/or are unclear about any terms and conditions, contact the appropriate licensing agency. High-pressure sales tactics, instructions to miss payments, and claims that sound too good to be true are signs that you may be dealing with an unscrupulous individual.

Check with your local BBB for company reports and further tips and referrals to sources that can help.

Industry Tips
Financial Industry Forensic Loan Audits Loan Modifications Student Loan Consolidation
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BBB Complaint Process

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According to information in BBB files, it appears that this business is no longer in business.

Mail sent to the business on 04/02/2014 was returned by the U.S. Postal Service as Undeliverable as Addressed.