Cease and Desist......Nobody Wins

PMC is a homeowner advocate, we believe in good solid companies that do legitimate modifications. Companies that try everything they can to be compliant in the states that they conduct business in, and don't just hide behind loopholes (that will be exposed soon enough). HUD, NACA, the Government and 46 different states have all admitted that their current efforts have been relatively unsuccessful. However, because of the shotgun response by the FTC and many states AG's, most companies are still in question on what are the requirements to be compliant? The problem is that the people who are on the witch hunt, haven't agreed on what is compliant and what is not, so how is anyone else supposed to?

One of the major problems with the shotgun response and not having clear guidelines for compliance are Cease and Desist orders. Let's just say you have a company that has 1000 client files that they are working on, let's say that 50 of those have fell through the cracks in some shape form or fashion (documents weren't returned, weren't complete, phone tag, misunderstandings, and even a few "I dropped the ball"s). If that company is issued a cease and desist order that means they must STOP ANY AND ALL activities. That means that the other 950 clients who were in line to get assistance and the company that was performing well with their other clients are just plain S.O.L. Everything comes to a halt, and whatever clients are hurt in the process ends up still being the responsibility of the business owner.

We are not against cease and desist orders, they are actually quite necessary when you come across a company that is in fact getting a more than reasonable amount of complaints. I would contend however that modifying the terms of that order would be much more of a service to the clients these entities are trying to protect, than their current methods. If the current order was modified to only stop the company from acquiring new clients, but allow them to at least process the files that they already have. Otherwise, you have a large amount of good clients, that paid their fees, and are now not only out that money, but also out the assistance that they paid for. That just doesn't seem right, and it's very clear that it's doing more harm than good to homeowners/clients.

PMC is committed to being a solid source to turn to, to oversee your modification needs. We strictly regulate our agents in various states to ensure that they are doing the job that you paid them to do, and that your best interests are represented. Although other companies are attempting to emulate what we do, when you research who those companies are, you'll find that it's really just a shell for THEIR modification company. If you ever see the words FEDERAL, in the title name of the company and they are not a government agency then do like the Knights of the Round Table did in Monty Pythons Quest For The Holy Grail..........RUN AWAY!!!!!