How To Determine if a Loan Mod Company or Law Firm is Reputable

It is estimated that 84 percent of foreclosures have been erroneous or done illegally by banks, which means without attorney representation, you’re a sitting duck. What’s more, according to the U.S. Treasury, about 70 percent of homeowners get denied for government loan modifications because of bank errors and lost paperwork, so it’s proven that working with a reputable professional will increase your chances of success and certainly reduce stress. But what is reputable? Let’s have a … [Read more...]

What Are the Risks of Hiring a Loan Modification Company?

Homeowners who are trying to be approved for a loan modification but aren’t having success usually aren’t sure where to turn next. Is it their bank? A legal service? A government program? It’s hard to know when you’re getting mixed messages from the media and your lender who is telling you not to pay for any service related to loan modifications. The media does so because of the scammers out there, and the banks do it as a form of control. Loan modification companies exploded on the … [Read more...]

Is Suing Your Lender a Good Idea?

If you are mad, frustrated, stressed, confused and fed up with your bank and the loan modification process, you are not alone and it’s likely because your bank lied, and has given you the run around for months or years, and even broken laws -- lots of them! … [Read more...]

Do You Really Need an Attorney for a Loan Mod?

We recently wrote a post that proved quite controversial. The post, “10 Reasons You Absolutely Need an Attorney for a Loan Modification” has sparked a lively conversation on LinkedIn, and we wanted to follow up on that post with some additional commentary on our stance. … [Read more...]

10 Reasons You May Want an Attorney for a Loan Mod

The subject of distressed homeowners having to pay for an attorney is controversial for homeowners and professionals because for every loan modification company or foreclosure attorney that’s available to help you, there are 3 other sources (your lender, the government and the media) warning you not to pay anyone to help you with a loan modification. … [Read more...]

10 Tips for Making it through the Loan Modification Process Successfully

The road to a loan modification can sometimes be long, confusing and stressful, depending on whom you work with and how long you’ve been facing foreclosure. We’ve been in this industry since 2004, and have seen it all. At the heart of the loan modification process are people who are on the verge of losing their homes, and they need to take care of themselves both mentally and physically during this important time in their lives. … [Read more...]

3 Steps to Avoid Loan Modification Scams

It’s an unfortunate truth: Right at the moment homeowners are searching for hope as they face foreclosure, some loan modification companies and law firms are waiting in the wings to deceive them.   … [Read more...]

Finding a Loan Modification Company: 5 Things to Watch For

Month after month, we hear countless horror stories from homeowners about deceitful loan mod programs that didn’t get them results, or even worse, the companies were shut down by authorities. It’s not the homeowner’s fault. … [Read more...]

How Does the National Mortgage Settlement Help Homeowners?

Back in Feb. 2012, after 16 months of investigation and negotiation, the federal government, 49 state attorneys general and the nation’s five largest mortgage services came to an agreement to address “loan servicing and foreclosure abuses, ” which was supposed to "provide immediate relief to homeowners..” So, after 32 months, is the $25 billion National Mortgage Settlement providing the relief that was promised? Is it easier for you to get a loan modification? … [Read more...]

What Are Your Chances of Getting Approved for a HAMP Loan Modification?

The Making Home Affordable Program (MHA) was launched in March 2009 with the Home Affordable Modification Program (HAMP) which provides assistance to struggling homeowners by lowering monthly first lien mortgage payments to an affordable level. Additional programs were subsequently rolled out to expand the program reach. … [Read more...]