Investors Finance Scam

We gave money to Investors Finance, Inc. who said they could negotiate with the bank and reduce our principal. They said they could not tell us to stop paying our mortgage, but they needed us to be at least 2 months behind. We signed and notarized an agreement that they sent us which set out the terms and payments for the new loan that would replace our mortgage. They did nothing and partway thru they changed the terms and payments claiming they were looking at the value of the house a different way. We refused to sign them on the basis that we already had a signed agreement with them. We started getting notices from the bank about our late payments. Then we got a notice of foreclosure sale. I tried to reach Investors Finance and could not get anyone. I finally emailed them and then someone called me saying they needed the paperwork signed and sent back. We nearly lost our house to foreclosure. When I emailed them about the sale date the latest advice we got from them was "you had better file chapter 13 bankruptcy to stop the foreclosure". They are no help. They need to send our money back, because we were paying them instead of the bank and now I had to borrow money to get the mortgage caught up.
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ID
#214436 Review #214436 is a subjective opinion of poster.
Location
Baltimore, Maryland

Investors Finance Inc

Investors Finance is offering principal reduction and I am pretty sure it is a scam. There are other companies like Atlantic Mutual, Addvent, Principal Reduction Experts to name a few who are offering bogus principal reduction promises. I have not heard of one company that has been successful in doing a principal reduction for their clients. Beware of any company that asks for upfront fees and offers a principal reduction. This seems to be the latest scam to try and supposedly save their homes. Ask them for proof of where they have been successful. Also ask for their financial information and who is there backer! Principal Reduction Programs do not exist!
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3 comments
#251564

Becarful with this investors finance inc they only robbing people who are in problem with they morgages..

They do that to me :cry

#200105

just called ifi today to find out about their "program" i was asked to bring $995 to "clean my credit", before starting the process.. right away i google this people and found out that they are a scam...

Beware of Thieves like these..

i'll just foreclose.. PERIOD!

#189849

i think i just got screwed.

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ID
#189219 Review #189219 is a subjective opinion of poster.
Location
Oceanside, California

About

Summary

Investors Finance is a finance broking company. It provides services via a network of brokers called Strategists located across Australia. Company has National Support Office in Queensland`s Sunshine Coast. Investors Finance was founded in and purchases by Reign Financial Pty Ltd in 2008. It is very easy to become a client specialist in Investors Finance. Investors Finance provides educational services for investors, free info sessions, investor properties including investor properties and property management, free staff and information on how to join the team. Company has four main goals: success, strategy, integrity and generosity. Following them Investors Finance had successful business and wide prospects.

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