Comments on: Can Pre-Paid Legal Help with Foreclosure Crisis?

By: Justin Roether

Justin Roether — Fri, 14 Aug 2009 01:47:11 +0000

Excellent response Jonathon I appreciate your expert opinion.

By: Jonathan

Jonathan — Sat, 28 Feb 2009 05:42:47 +0000

David,
It sounds like you have done well for yourself. I applaud you for being an entreprenuer and for helping those who are facing crisis. I do take exception to the tone of your reply and some of your statements though. I value any opinions that are based on fact, but some of the opinions you expressed are not.

You do not have to become an associate to purchase a PPL membership. Most members are not associates. You tell people to “save their money”, yet Dan’s website says that the average charge for loss mitigation counseling is over $1300. That costs more than three years of PPL membership. In addition the PPL plan will cover many other areas and provide ID theft protection.

Your statement about “opportunity schemes” is an unfair characterization of PPL. Four former Attorneys General, Pres. of U.S. Chamber of Commerce, Pres. of National Black Chamber of Commerce and former Pres. of American Bar Association went on national TV endorsing PPL services. They have been featured in many national publications including Forbes, Fortune, Money… Over 40,000 companies offer it as an employee benefit. I could go on and on about their credibility. Before you make such comments about “schemes” you should do your due diligence.

It seems as though you are suggesting that PPL attorneys have no experience in this field. PPL works with some of the best attorneys in the country who are experts in their field. Due to the fact that they don’t have to worry about billable hours they are able to offer the best solution, not the one that is most profitable to them.

You also state that the loss mitigation training “…does not have any investment components…”, yet the course is $375.00. That is more than the investment required to become a PPL associate.

Obviously MLM is not your thing, but suggesting that it is a scam is ridiculous. Yes there are some scams out there as there are scams in every industry. Those who do their due diligence can determine which are legit and which aren’t. The mortgage industry played a very large part in the mess that we are in now, but I would not suggest that every mortgage company is a scam. Now that I think about it charging someone $1300 for something when they can get the same benefit and many more for less than $40 a month sounds like a “scheme” to me.

Jonathan D.

By: David

David — Sat, 26 Apr 2008 22:04:41 +0000

I wanted to share my experience with the loss mitigation profession. I worked in the loss mitigation and loss prevention fields for over 24 years, with a number of large mortgage companies. The last 8 years as a loss mitigation compliance manager. I stopped working for Chase in 2006, and started my own loss mitigation practice in late 2006. I signed up with American Loss Mitigation Consortium, Inc in Virginia, more specifically because of Dan Schultz. I knew him on a professional level, when he was hired by the mortgage company I worked for as a consultant, to help us setup our loss mitigation department’s compliance policies in 1998.

I have done very well and if anyone is looking to start or add loss mitigation services and be part of a legitimate loss mitigation support group, I urge all finance and real estate professionals to check-out Mr. Dan Schultz and the American Loss Mitigation Consortium (lossmitigationopportunities.com) for their loss mitigation training and underwriting needs. I will note the organization only allows those whom have prior experience in; mortgage, finance, real estate, legal, accounting or related fields. It does not have any investment components or MLM schemes. Save your money on books and opportunity schemes, it is just unbelievable what is going on out in the market.

Thank you for allowing me the time to give my experience in the Loss Mitigation field and I look forward to being a productive member of this forum.

David C.
DC Metro Area