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The firms that do these mortgage modifications like this are not in a traditional sense scams, but the problem is that they rarely provide what they promise because they can do no more for you in applying for a modification than you can do yourself.
The Mortgage Assistance Relief Services rule, MARS, was imposed by the Federal Trade Commission that prevents companies from charging any fees in advance until a modification is secured in writing from the lender. See: FTC Advance Fees
. Not just this particular group, but any firm claiming they can get a modification and is charging an up front fee for services, regardless of what they claim the fee is for, would be in violation of this rule and would be considered a scam in that sense, since they are illegally charging people fees to simply apply for a modification no differently than you can do for yourself without any firm. These firms frequently change their names to sidestep or avoid FTC
action against them.
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