Question about company offering to lower loan amount (financial, law, bank)

[lvnsacstyle]

savedmyhomebyjw - so glad to hear this worked for you! I am also looking into the JW program, and am very anxious since I have not been able to speak with a reference. You mentioned in a post earlier that you would be able to post some sort of documentation regarding thier program...is this still something you are willing to do? Would be very interested to see them, thank you!

[glowormkvh]

yes the proof...the documentation.... that would be very helpful in ending this debate. Lets put to rest the anxiety of it all. I'd like to know if i've been scammed.....

[Mr. Marty]

Yes please lets end the debate savedmyhomebyjw. It does seem like many of us have taken this leep of faith and would like to know if we got scammed or not. I am very excited to hear that the program has worked for you. Please help put the rest of us at ease by providing documentation you said in an earlier post that you would. I know glowormkvh has given you an email address a few times. I will not bother giving you my email address in fear that everyone will want you to send proof to them. I am sure if you send proof to glowormkvh they will report that proof has been confirmed. Thank you in advance.

[glowormkvh]

the anticipation is killing me

[learning101]

WOW no response go fig

[learning101]

It is the responsibility of the homeowner to understand what is legal and what is not there are over 2000 company's that do business illegally in ca. if you call the DRE or the DOC they will fill you in on what you can and what you can not do as far as a company. o yeah i don't see JW anywhere on the The approved brokers list allowed to charge upfront fees
Advance Fee Agreement Listing.

if a company is not on this list NO MATTER WHAT THEY DOING IF THEY ARE CHARGING A FEE BEFORE COMPLETION OF SERVICE REGARDING REAL ESTATE THEY ARE BRAKING THE LAW.

[learning101]

jw just got shut down on monday wow that sucks

[CoastalHomeSeekers]

If it sounds too good to be true.....well, you know the rest. Consumers must protect themselves against all the scammers out there trying to take advantage of distressed homeowners. Get some tips from this article.

How to Protect Yourself Against Loan Modification Scams | eHow.com

[emilynel]

Originally Posted by learning101

jw just got shut down on monday wow that sucks

I know I am new to this conversation but where did you get that information? Can you prove it?

I signed up with JW Financial Solutions recently and just spoke to my rep this week. Our pool went through and we will have our new loan soon. Unlike the other person with the JW user name I am completely willing to provide proof to anyone that asks me once our paperwork goes through.

Just to clarify things though. They are not breaking the law because those laws previously stated are for Loan Modification companies. That's not what JW is. The don't modify your current loan, they basically get you a whole new loan through investors. That is how they do it legally. It's basically a refi.

Honestly, I am completely aware that this sounds too good to be true. Part of me even still thinks that. But if you know all the facts it's easy to understand how it all works. If anyone wants details or has questions let me know, I asked a billion questions over and over because we were so skeptical. If this works out, I would be happy to post it here, and soon!

[glowormkvh]

I am in the program. How long did it take for your pool to go through?? i am one of those people that would like to see your paperwork proof.. Please keep me posted on your situation. I would greatly appriciate it. Which bank negotiated successfully with JW? What lender do you (did you) have? What pool was it??????? Thanks!!