Stop Foreclosure With A Loan Modification
57Loan Modification
Loan Modification advisors help you navigate through this complicated industry and its converse regulations. Watch out for unethical companies advertising to provide Loss Mitigation, Loan Modification and stop foreclosure services. Home owners should only use companies that offer 100% Guarantees or use an attorney-backed firm . Ask to speak to their Attorney and see he has the experience necessary. Attorney backed loan modification services are the best ones to go with. These Attorneys should not mislead you or misrepresent the fact that they are a Law Office and have the ability to invoke your legal rights. In most cases these companies can only obtain an unaffordable forbearance agreement from your bank. If you are looking to hire a loan mod or loan modification service to help negotiate your mortgage or stop foreclosure please be careful as to not fall victim and research them carefully. Ask to speak with an lawyer as these companies may take upfront monies that a portion is refundable and there are no guaranteed results. Having examples or testimonials from past clients on websites are normal marketing strategies and should not be found as reliable sources. Make sure they have a approved contract on file with the state they are licensed in and are in good standing. Do not trust just anyone with your complex situation. An Attorney can offer you reliable free advice and assist you in stopping foreclosure and making the right financial decision. Know your foreclosure rights








Ray 2 years ago
Your comment that "attorney backed loan modification companies are the best ones to go with" is causing quite a few nightmares for some people. The California Attorney General has issued a statement that SIGNALS OF FRAUD/RED FLAGS TO WATCH OUT FOR ARE "Claims that a loan modification company is -ATTORNEY-BACKED, ATTORNEY-AFFILIATED, OR ATTORNEY-BASED--especially where no lawyer or law firm is identified or mentioned." http://www.dre.ca.gov/pdf_docs/FraudWarningsCaDRE0
As of August 12, 2009, Attorney General Brown of California has now Ordered Mortgage Foreclosure Consultants to Post $100,000 Bond or Face Prosecution".
http://ag.ca.gov.newsalerts/release.php?id=1780