I have a first and second mortgage. National Modification Preparation said once the 1st went though, the 2nd would respond. If one of the lenders did not reduce my loan I would get a partial refund and if neither refinanced through their program I would get a full refund. National Modification Preparation promised they would provide a mortgage payment reduction service to me in the following:
Due to the current economic crisis, the Federal Government has urged all mortgage banks and lenders to allow qualified borrowers to modify their mortgages. NMP is currently assisting homeowners seeking relief on their current or delinquent mortgages through our Home Loan Rewrite Stimulus Program. These interest rates go as low as 2%.

Our records indicate that you may be in need of a reduction of monthly mortgage payments. NMP has been authorized to determine that you may be eligible for a beneficial loan modification through our Home Loan Rewrite Stimulus Program. I have repeatedly e-mail National Modification Preparation with this information. National Modification Preparation is no longer communicating with me.

I would like my money back.

Our Home Loan Rewrite Stimulus Program may allow any or all of the following:

* Late Payments Waived
* Late Fees Waived
* Legal Fees Waived
* Adjustable rates and Fixed Interest Rates converted to fixed principal and interest rates as low as 2%
* Lower Monthly Payments
* Unemployment Stimulus Programs deferring or waiving payments and Payment Reduction based on unemployment income
* Principal Balance Reduction

Our Home Loan Rewrite Stimulus Program may reduce your mortgage payments by as much as 50%. At the same time, our program may help cure some or all delinquent payments and fees. All of these terms would be adjusted on your present loan without the cost of a refinance.

Lenders are working frantically with homeowners to save their homes. Unfortunately, the lack of infrastructure and manpower has literally brought the majority of modifications to a stand still. However NMP has employed a highly specialized staff, which includes the experience of real estate professionals, highly trained underwriters, forensic auditors, and Senior Counselors who deal with the loss mitigation department of banks and lenders on a daily basis. Based on this expertise, NMP has obtained a very high success rate for homeowners that meet our Home Loan Rewrite Stimulus Program. We have actual case results of permanent modifications that our homeowners have received to save their home!

Time is of the essence. Our highly trained and experienced modification staff is prepared to guide you step by step to assist you in saving your home and dramatically reduce your monthly mortgage payment.

I completed all of the paperwork they required, submitted everything and was told by the 1st that I did not qualify for the Home Loan Rewrite Stimulus Program. If the 1st doesn't re-finance, it places the 2nd in a bad position and they had not responded.
I have attempted to contact them for a refund and they are no longer communicating with me.

The company charge me an up front fee of $2200 to modify my mortgage, under the pretense of it being risk free and offering a $ back guarantee if the loan mod didn't get approved. After they had my money, they accused me of breeching the contract and said they would no longer offer the moneyback guarantee and wanted my permission to move forward with the loan mod process. When i asked them to show me where i breeched the contract, they could/would not do it and now they will not return my phone calls or emails. Also, any mail that has been sent to the address on their website comes back undeliverable. I have electronic record of every correspondence i made with this company and in no way breeched the contract! National Loan Modification is a SCAM.