Las Vegas Loan Modification

I was talking with an agent of a company called "The Guardian Group, LLC". The company claims that they negotiate to purchase the mortgage note of the property at 90% of market value, then refinance a new mortgage for the home owner at about the market value. According to them it works well for mortgages that are upside down.

I did some research about the company. So far the agent sent me a set of title documents on a deal they recently did. I even called the title company and they verified the company and that transaction. I also looked up the company in a corporation directory and found there name. The company charges an up-front fee of $1595 to cover the title/appraisal and "processing". Everything seems ok except the fact that they did only one deal as far as I know (they started last August) and that there is no guarentee that the deal will go through.

Currently I have a home that’s upside down in Las Vegas. A short refi would seem like the best option, but having doubts about the integrity of this company.

What are other things to look out for before getting involved with them? Do you think it can most likely be a well-structured scam? Thanks a lot

Don’t send them any money, it looks like a scam. This company will disappear once it gets enough money in the form of up-front fee.