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Post Statistics: 499 Views, 2 Replies
Latest Post: Fri, Sep 18 2009 3:07 PM by louis siqueiros
  • Fri, Sep 18 2009 5:46 AM
    A lesson in integrity

    Greetings,

    I was recently doing some web design work for a mortgage modification company, unitedmorgagesolutions.com, and they are refusing to pay an outstanding invoice.

    The embarrassing part is that the invoice is only $200 and they are making up all these excuses on why they shouldn't have to pay.  But the bottom line is that they are continuing to use my work without paying for it.

    I don't want to waste my time in small claims, I don't even care that much about the money.  I just want everyone to know the ethics that are running this company.

    Thank you for your time.  I welcome you to forward this information.

  • Fri, Sep 18 2009 2:36 PM

    Sorry to hear this Marcus!  Unfortunately, the vast majority of these companies only show ethics and integrity as type on their advertising pieces.  A lot of the sub-prime players found their way into that business.  They tend to follow the "easy" money and do not care how their scams effect people.  They'll be dealt w/.  

  • Fri, Sep 18 2009 3:07 PM

    On a side note, I had a client inquire about a commercial loan yesterday.  Client wanted to purchase a 3,000 sf commercial office bldg.  They had one tenant occupying the entire space that was a "loan modification company".  The tenant recently signed a 5 year lease agreement that also called for a 5% annual rental increase.  the rental amount was $3,200 monthly.  In our conversation with the client about misc stuff such as the economy, housing and the commercial real market, the client who was very positive on the "improving market" I asked....do you think there will be any more loans to modify in 1 year, 2 years, 3 years etc.  When he thought about it, he said, you know I think you have a very basic and fundamental question that I had not thought of....and ended up saying, I think I will reconsider about buying the the building, as I dont want to get involved in a capital outlay, and then have the modification company unable to pay or skip out on me.

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