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NOVAD Management Consulting LLC

NOVAD Management Consulting LLC

Details

Name:	NOVAD Management Consulting LLC
Jurisdiction:	Alabama
Legal type:	Foreign Limited Liability Company
Status:	Exists
Date of registration:	27 Feb 2003 (22 years ago)
Entity Number:	000-328-501
Register Number:	000328501
ZIP code:	36104
County:	Montgomery
Place of Formation:	Maryland
Principal Address:	8181 PROFESSIONAL PLACE SUITE 208LANDOVER, MD 20785
Registered Office Street Address:	641 SOUTH LAWRENCE STREETMONTGOMERY, AL 36104

Agent

Name	Role	Address
CORPORATION SERVICE COMPANY INC	Agent	251 LITTLE FALLS DRIVEWILMINGTON, DE 19808

CFPB Complaint

Complaint Id

Date Received

Issue

Product

4322784

2021-04-23

Trouble during payment process

Mortgage

Issue	Trouble during payment process
Timely	Yes
Company	NOVAD Management Consulting, LLC
Product	Mortgage
Sub Product	Reverse mortgage
Date Received	2021-04-23
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2021-04-28
Complaint What Happened	Complaining about the house on XXXX XXXX XXXX XXXX Alabama XXXX the reverse mortgage NOVAD has refused to issue the money to repair the roof that was damage last year storm the insurance sent a check with MS XXXX XXXX and NOVAD name on the check therefore MS XXXX was unable to cash the check the check was sent back to NOVAD so they would remove their name NOVAD from the check this was not done Presently the house is leaking each rain fall the insurance can not do anything because they already issue a check and NOVAD is holding the check claim number XXXX XXXX XXXX is the owner the insurance is XXXX contact person XXXX XXXX phone XXXX this is an EMERGENCY please advise
Consumer Consent Provided	Consent provided

4553310

2021-07-18

Struggling to pay mortgage

Mortgage

Tags	Older American
Issue	Struggling to pay mortgage
Timely	No
Company	NOVAD Management Consulting, LLC
Product	Mortgage
Sub Product	Reverse mortgage
Date Received	2021-07-18
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2021-07-18
Complaint What Happened	A corporate raider took over the company where I had worked for 40 years, sending my job to XXXX and my XXXX to XXXX only knows where. This resulted in a financial disaster. A situation made worse after my lengthy hospital stay and my wife 's XXXX XXXX ( She recently passed away from XXXX XXXX. ) Financial and credit advisors recommended a reverse mortgage on our house. This was not something I wanted to do but had little choice. We took a second mortgage to get some debt relief. We were told that we would get to live in the house until we died, as long as I kept the insurance and taxes paid. Which I have done. The mortgage went through a half dozen or so lenders with no problem. Finally, ending up at Novad and it has been a hassle ever since, with Novad even ordering me out of the house on two occasions. Novad is evicting me again ; a letter dated XX/XX/2021 directs me to be out of the house by XX/XX/XXXX. That I should empty the house and leave the key in the door. They never state plainly why this has come about, only that I have not kept one of the mortgage agreements and the payment is due. Which broken agreement is never stated. Only that I should empty the house and leave the key in the door. My calls to Novad have not resulted in my learning what the XXXX is going on, or what I have done to be kicked out in the street. I have never received the return calls promised. It is not easy on a Social Security income, but I have paid all the taxes and kept the insurance in force. If there is some problem, I would think they would let me know by mail or phone and give me a chance to correct it before evicting me from my home of 50 years. I am XXXX years old, suffer from myriad ailments, take 18 prescription drugs a day plus XXXX, and have nowhere else to go. A cursory internet check shows Novad has a poor reputation among many customers. I can see why.
Consumer Consent Provided	Consent provided

Date of last update: 03 Aug 2024

Sources: Alabama Secretary of State