So, in December of 2009, I signed up with Billy's company to get this great deal. He claimed he would get me set up with a permanent monthly mortgage payment of only $687 a month, down from my current payment amount of $1130 per month. I only had to pay $3500 for Billy to get started working on my case.

But, a year has gone by and he has not gotten me the $687/month mortgage payment he claimed he would get for me, and now I am facing foreclosure on my home. I Pleaded for Billy to help me out, and his only reply is "sorry, but you stopped paying the lender, so I can't help you now, and I don't have time to start you over in the process." Excuse me, Billy? Isn't that why I paid you to help me out in the first place?

Billy claims that he got me a permanent loan modification and that his end of the deal is done. And I'm thinking, "what did I miss?" I never received any documents from the lender saying that I had a permanent modification completed. No, but I received a document stating that I was not eligible for a loan modification because the lender didn't receive all the documents they requested.

What I finally found out is that when the bank gave me an offer to lower my mortgage payment to $982/month, which I refused to take, because it wasn't the deal I paid for, Billy decided to quit working for me without telling me! So, for about 6 months now, while I thought Billy was still working on my case, and I was making my "trial payments" of $650/month, and waiting for the deal which Billy had promised me to come through, he really wasn't. So, I'm out $3500, and facing foreclosure.

I should have listened when people told me that I needed to be careful about loan modification scams. Now I know, and hopefully anyone else out there contemplating a similar route as mine will stay away from Billy Alvaro's Saint Jude's Mortgage Rescue. They'll gladly take your money, but they won't come through on their amazing promises.