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Review 11/19/2009
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I would never ever recommend anyone to New Life ever! My husband and I were really misled in many ways. We paid new life 3,500 to do loan modifications on two homes. We were not in a foreclosure state, but looking to reduce our interest rates. One property was a rental that we lose money on each month and the other our primary residence.
Communications were great until they received our money. Then no communications at all practically. One phone call and e-mail. NOt to mention our one loan has not even been submitted.
I called my mortgage lender and they explained that there is NO FEE involved in doing a loan modification. Also, New Life has no control over negotiations at all. Once New Life submits the papers to your mortgage lender they take over the whole process from there. Basically, my husband and I paid New Life a ton of money to hand in papers my husband and I could have done ourselves.
I have learned alot and I believe any good reviews you read are completely made up by one of the employees!
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