Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
Call Today For A Free Initial Consultation

Online scams promise to cut mortgage payments, relieve debt

Consumers are being warned to watch out for online companies that use deceptive businesses practices to trick people with financial challenges into believing they're going to receive mortgage assistance. The Federal Trade Commission and consumer advocate agencies are cracking down on companies that can scam a family out of hundreds or even thousands of dollars, without delivering on their promises. Florida residents are urged to fully check out an online company before doing business with them.

Because online shopping is so easy and convenient, internet financial companies can be attractive for people in all areas of the country. But one family found out that even legitimate-looking companies can be online scammers. When the husband lost his job, his wife contacted a debt adjustment firm, State Law Group, who promised to get a loan modification through their mortgage lender.

The couple paid $2,750 in fees and waited over a year, but their mortgage payments were never reduced as the firm promised. The wife saved emails from multiple agents saying they'd sent her lender the appropriate documents for the loan modification application, but the bank claimed they didn't receive any paperwork from the firm since the initial application. They'd started foreclosure proceedings, since they hadn't paid their mortgage for over a year, as State Law Group had advised.

The FTC warns consumers to never do business with a company that advises its customers to stop paying their mortgage, requires a fee in advance, and guarantees to stop foreclosure or modify their loan. Homeowners facing foreclosure have other options before resorting to online companies that can be scam artists. They may wish to speak with a bankruptcy attorney about safer steps to take to save their home.

Source: PhillyBurbs.com, "Beware of scams promising financial, mortgage assistance," Peg Quann and Rose Krebs, Mar. 25, 2013

No Comments

Leave a comment
Comment Information
  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
More Testimonials
Email Us Today

Schedule A Free Initial Consultation To talk to an experienced Tampa bankruptcy attorney, call 877-492-7449 or fill out the form. All calls are returned within 24 hours.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We Have Offices in Tampa, Riverview and Brandon For Your Convenience.

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions