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Tags: Olympia Law Group, retainer agreement, retainer
3200 Wilshire BlvdLos Angeles, CA 90010
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I was contacted by Justin of Olympia Law group and signed a retainer agreement. They have taken 2 withdrawals from my bank account for $1250 and tried unsuccessful to take a payment of $1250 yesterday. I had a hold on a deposit i made so it didn't release funds. They want a total of $5000 in 4 payments of 1250. I also got an email to grant the permission to take out $600 for filing court fees. Is this normal practice or should I be alarmed? Please help me. I'm a single parent. My children are autistic and all are in special education. Thank you for any guidance you can provide. Thanks
Good Morning David. Thank you for contacting Business Consumer Alliance (“BCA”). David, if you do not mind me asking, what is the retainer for? For our readers unfamiliar with retainers, this means that when a lawyer is retained, they have been hired by someone and the money paid to the attorney is known as the retainer. The agreement signed when someone hires an attorney is called the retainer agreement.Per the company’s website, their areas of legal practice are Real Estate Litigation, Bankruptcy and Immigration Law: http://www.olympialawgroup.com/ David, if you have hired the company to assist you with a loan modification or foreclosure rescue, I want you to know that per the California Attorney General’s office, no company or attorney can demand payment for providing loan modification services in California. This means that a company cannot obtain payment from you until after they perform all the services promised in your contract or agreement. You can read more about loan modification fraud and foreclosure scams in detail here: https://oag.ca.gov/consumers/loan-modificationOur filed on Olympia Law Group shows that we have been contacted twice with complaints against the company and the company has been unresponsive to the allegations: https://www.checkbca.org/report/olympia-law-group-156277030If you click on Complaint Experience, you can read the type of complaints we have received thus far: https://www.checkbca.org/report/olympia-law-group-156277030/complaints I am also including a link to our Resource Guide on Avoiding Mortgage Relief Scams: https://www.checkbca.org/tips/contracts/avoiding-mortgage-relief-scams-244 The guide contains a lot of information and tips that the average consumer may not be aware of.David, I hope this information is helpful. Please feel free to contact me directly at firstname.lastname@example.org if I can be of further assistance.
I was contacted by Olympia Law group to help me qualifies for a loan modification. I was late 3 payments and now I'm 4 payments behind. They charge 5000. They said they could get my interest rate dropped to 2 and my payment lowered.They have already taken 2 payments from my bank account for 1250 and tried to get 3 of 4 payments unsuccessfully on July 3rd. I was called by Justin from Olympia law on July 3, 2018 regarding the payment. There is also a 600 payment being requested for filing fees that supposedly goes to the court. I looked this law group on your website and it has a D rating. My question is am I being scammed? Should I continue to pay the rest I owe or just absorb the loss? I was told by them they could help me. I received emails from other lenders saing I'm being scammed. I don't know what to do. I'm a single father with 4 special needs children. My children have autism and are developmentally delayed. I don't know what to do. Can you please guide me to the answer. Time is of the essence, since they are waiting for a 1250 payment and 600 for court fee due now. Thank you and god bless you for any help you can offer
Hello David. No company based in California should be collecting upfront fees for a loan modification, and this includes attorneys. No company or attorney should be making any guarantees or promises because no one can predict the outcome of a modification. Does this mean you’ve been scammed? If the company sold you their services guaranteeing they are going to drop your interest rate to a certain number and lower your house payment to a certain amount, they may have made some false promises that they may not be able to deliver. I cannot advise you on how to proceed. I believe there are numerous red flags that have been brought to your attention in this thread and as you stated by other lenders advising you that you’ve been scammed to help you make the right decision.
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