It may not be a scam but you sure are all incredibly incompetent. B of A screwed up when they hired Ursus to clean up mishandled real estate paperwork. Ursus is nothing but a bunch of minimum-wage phone monkeys, and phone monkey #1 has no idea what phone monkey #2 is doing even when they are both working the same mark at the same time. For a few days, I had one of these idiots calling my cell phone and hanging up before I could answer. Seriously, the morons you hired don't even know how to use a telephone? Pure idiocy.
Ursus Advisors is not a scam. Please refer to Frequently Asked Questions and Consumer Education links at www.ursusadvisors.com for valid information.
They offered me $2000.00 for my inconvenience. I will not sign. BofA must be totally incompetent
These people have been calling us relentlessly for 5 months. They want you to sign some real estate papers and get them notarized. Once you do, they will say those papers are invalid and send you more papers. This cycle repeats until you've had enough, and that's when they start offering you money to sign the papers. YOU WILL NEVER SEE ANY MONEY. Tell them to stop contacting you, and report them if they continue harassing you.
Well it has been over a year since they first contacted me. I have ignored their calls and letters and haven't heard anything from them in the last 9 mos.
Scam! Scam! Scam!
URSUS is a total SCAM!
Do not, I repeat do not give them any info whatsoever! They will steal from you!
They are criminals that steal info from BoA and others and work off of it to suck you in!
Don't do it!
I've gotten the call too, from Oscar on both my cell phone # & my parents' home # wanting me to sign BoA documents. BoA purchased my loan from Country Wide. I was laid off & attempted to sell the home. I had an offer for more than it was worth but through several tries & even getting lawyers involved, they kept saying I wasn't sending them the proper documents to sell even after they told me I had sent everything they needed. I lost the buyer after 8 months.
I have not confirmed but I will be going down to see my county has my deed registered. If they lost my deed, it surely would explain why BoA won't let me sell, & also why after almost 3 years, my home is still not in foreclosure.
Ursus advisors has sent me two fedex requesting I have my signature notarized to correct my mortgage. I was a countrywide customer before b of a bought them out but my mortgage had never been an issue. Now ursus want to give me 500.00 to to send them back their request with my signature. It just sounds fishy and I have not done it yet. It's difficult to reach b of a or speak to a live person but b of a can fix this them selves without raising all the eyebrows.
i also have received several calls from ursus advisors said they were hired by b of a to help with morgages in default which ours is b of a was suppose to be doing a home modification per the president told us not to make any payments until the modification went through and the payment was lowered then they decided they were not going to modify the loan i assumed ursus was working for b of a they new everything about the morgage numbers,balances.history sent me a w-9 form i filled it out and sent it back i havent heard anything else from them or seen wear they have done anything with my info.yet hope i didnt screw up
I guarantee you this has to do with derivitives and/or mortgage backed securities scams perpetrated by wallstreet types through MERS. I got the scam letter 4 months after B of A gave a release for payment in full and they even recorded subsequently in the land records a full release of mortgage. Additionally the buyers of my property closed and needed a proper title search and title policy to even colose. They will not be getting any response from me.
I've been getting phone calls and today received a letter from ursus advisors with same phone number 18003491254 I called boa and they said it's not from them. The letter was with an address of 701 highlander blvd Arlington tx 76015 and name of Demetrius LaMotte. They gave a reference number and my boa loan number. No signature given. It's some kind of scam. I almost called them but decided to call bank first. I almost want to call and pretend to believe what they tell me so I have more info to report them but just don't have time to waste on them. I only hope nobody gets taken in by them. Btw I was with countrywide
Also, several big companies use 3rd parties to do back-end stuff such as reviewing, shipping, recording, follow up etc. It's called Centralized Business. Ursus IS a 3rd party that has contracts with several large clients. Calling your local B of A or call center or corner branch won't know anything about it because they are considered "Retail" solutions. Retail is where you walk in to a store and do face to face- centralized is where a center or multiple centers handle high volume of larger scale business. THAT is why your BOA or call center taking the call for BOA doesn't know what you're talking about. Unfortunately, with large businesses, not everyone is on the same page- just like our clients have no idea that we handled the curative and title work for their refinance even though its on their hud settlement statment and half the docs had the company name that i work for on them. Several people from my company have quit to go work for Ursus and being from texas, I am confirming that the company IS legit. Of course you should always seek advise from an attorney or financial advisor before signing or making any financial decisions, but just do your homework and research and use your best judgement if the request has any merit.
I do know that Ursus Advisors is legit and real, they are a mortgage solutions company. Their website is here:
http://www.ursusadvisors.com/ They work directly with clients and sometimes the two don't communicate. It depends on each of your situations but if you were defaulting on your loan for example, or needed other mortgage or financial dealings with your mutual lender then its possible Ursus contacted you. Now if you were not going through anything like that and you randomly received a letter asking you for personal information that could not be factually proven for the necessity, then its a company posing as Ursus and is a scam. I actually work for an affiliate of the parent company of Ursus and people think we are a scam but we simply are their title company and people don't pay attention to the paperwork and who their escrow office is...when we call for post-closing issues regarding their refinance, we have to constantly explain that we are their title company and that we handle the reviewing and recording of their loan documents. Just do some research and if the call/letter doesn't apply to you then disregard, otherwise, if you made a recent transaction regarding a refinance/forclosure/sell/or loan default, etc, then it might be real. Hope that helps.
The caller presented as a rep. for Ursus Advisors working with Bank of America needing information on living relatives, then needing paper work corrected, Deed not properly filed , Title issues all of the above in (6) different calls. My caller's name or the name given was David Shell, he was nice enough to spell it for me. Any legal issues should be handled through the proper channels on legal documentation that can be identified. On the last call I gave him an attorney's number to call. From that point I should be hearing from the attorney and not Ursus.
They are back - scamming, be careful give them no information, I was called from 800-349-2377
Get a lawyer Barbara and don't sign anything until you talk to one.
Barbara J Schikore
I received a call from Todd Pardue at Ursus Advisors acting for Bank of America. There was a small problem with my title. I refinanced my home in 2005 and the original loan was in both my name and my husband's name. He is deceased as of 9/23/2002. They want me to sign a deed of trust verifying that I was widowed at the time I signed the refinancing papers. They offered me $500 to sign and have the paper notarized. I recently filed for bankruptcy and I want to know if this is a legitimate thing. Thank you.
Hello, I left because I relocated. I loved the job. The most difficult part about the job is basically insuring people that this is not a scam really. I think you should definetly go for it.
You mentioned you used to work for Ursus. Would you mind saying why you left? I have an interview with them but I am hesitant to accept an offer based on what I've seen here so far.
I used to work for the company and it is not a scam, if you receive a call from them it is very well legit. B of A was audited and now they have to correct title documents. I can understand why one would think it's a scam but it's not. Return the phone call if the call is for you.
Received a call from a Ken Baldwin of Ursus, LLC claiming that he had been appointed to do curator work on my title deed. He said that the subdivision was listed incorrectly and he would mail something out to me to sign and send back. I am a paralegal and this didn't sound right. I contacted Bank of America customer service and they have do not use this company for anything. THIS IS A SCAM. Don't give these people any personal information.
The property that BofA is trying to get a new grant deed on is actually in Missouri not California. In any case I don't think this is a reason to challenge BofA by not paying as others here have mentioned.
Tairns California is a ?lien theory? state--that is, most property loans are not mortgages, but trust deeds. A trust deed is slightly different from a mortgage, most notably in the foreclosure process. While mortgages require a judicial foreclosure, trust deeds instead follow a non-judicial foreclosure, so lenders can foreclose upon a property and start the eviction process without first going through the court.
Just about a month ago I received a photocopy of my original loan documents from my current loan servicer (SPS)after requesting them months in advance. At the time of the request, they said they did not have them and were waiting on BoA to forward them over. During that time, Ursus was calling trying to get me to sign new documents. They have now stopped calling and BoA did forward the original documents to my current provider. I know there is something wrong that I just can't point out. I tried to get help from a lawyer but he was worthless.
We live in California as well. I don't know if what you say is true regarding the deed of trust not being required for the loan servicer to take possession. My property that BofA has been contacting me about is actually a rental in another state. I don't think it would be wise to quit paying on the mortgage anyway unless you really could not pay.
I just got this letter and this company has called my home 3 to 4 times a day. I have asked my case manager about this company and he cannot validate them either. I called this ursus advisors and explained to them that I do not do business with any about my home but my mtg co. He stated that they are working on behalf of BOA and that I can call 855-284-5738 to validate their company. Funny thing, this is not a number I have ever had to call for BOA. I'm not buying into this and until my lawyer tells me otherwise they can get the answering machine.
B P Harvey
I received a call on my cell phone from this company but some body elses name. I called them back and they said they were Ursus Advisory for Bank of America. I told them they had the wrong person and how did they get my number I have had for so long. They connected me with the guy and he asked the number again and they apologized, but when I asked for the name again he kept talking and thanked me and hung up. I knew it sounded rotten, but after reading all this is info I am contact BoA anyway.
Yes, at least in my case they do have a copy of the note obligating me to pay it back. Check and see if they have the note. Call them and ask them to send you a copy. That was the only thing they had in my case.
I started to investigate this myself and found that my Deed of Trust was never recorded at the Assessor?s office. I also looked over my copy of the Deed of Trust and called the title company listed as the Trustee. They informed me that they never insured the loan because they never heard back from the escrow company so they closed the account and therefore do not have my title. She told me to contact the escrow company to see what my account status was. They filed for bankruptcy in 2008. My loan servicer has gone from New Century to Countrywide to Bank of America and now to Select Portfolio Servicing. But the trustee listed on my deed of trust does not have the title. I even called my current loan servicer (SPS) and requested a copy of the house note and all associated paperwork and they informed me that they do not have anything and are still waiting for Bank of America to transfer it over to them (I?m assuming that?s what Ursus wants me to notarize). So I am paying a monthly payment to a loan servicer who has no paperwork on file for me, nothing is recorded at the county office, and I have no clue of who has my original loan documents. I spoke with a lawyer but got no help and lost $100. I don?t know what to do and I would hate to stop paying because in California the Deed of Trust is not required to be filed and a lender can foreclose on a property without a legal process. I wish somebody can help.