Seek a Qualified Loan Modification Company to Ensure the Best Results
The Seven Most Important Questions To Ask A Loan Modification BEFORE Signing Up!
By Guest Reviewer: Rescueforhomeowners.com
Certain things you do can help improve your chances of obtaining a loan modification, just like there are things that will certainly guarantee failure. A home loan modification company which is backed by an Attorney who specializes in forensic audits will yield the best chances for success.
Just like in any business, there are loan modification companies you can trust and those you should stay FAR AWAY from. But how do you know the difference between the two?
We investigated this industry and are now reporting back to you to help make sure that you don't get scammed or ripped off when you modify your mortgage loan. There are many companies doing mortgage loan modifications, and surely this number will continue to grow as demand increases.
We have created this free mortgage loan modification information for you so you can get your fair share of the bailout money while it's still around... and without getting ripped off!
1. “How long have you been in the loan modification business?” Loan modifications have been going on for years, but companies are popping up left and right trying to figure it out on the fly. Pick an expert! You need to have confidence in the person you are talking to. Don’t worry so much about price, but focus more on your gut feeling about the rep/company.
2. “Are you an attorney-based company? What is the name and contact information for your law firm?” If they aren’t attorney-based, they may just be some fly-by-night operation who might not even be around in thirty days after they get your money.
3. “Do you offer a 100% WRITTEN money-back guarantee?” If not, STAY FAR AWAY!
4. “Where are YOU located?” Are they in California or Arizona somewhere, or are they within a few states away from your local area? Look for ones closer to your home!
5. “Is your company registered with the "Dept. of Registered Loan Modification Companies"? This is the ONLY governing body for loan modification companies, and speaks volumes about a company’s integrity.
6. “Do you guarantee in writing that you have no back-end fees and no junk fees?” Some companies charge exorbitant fees and/or require all payment up-front before any services have been performed. There are even some unscrupulous companies out there who charge a large, surprise junk fee at the end once the loan modification is ready to be signed by you because they know the customer won’t back out since they are usually in a financial jam!
NOTE: Cool Springs Financial (www.hopeforyourloan.com) is the first loan modification company in the nation to have a “No Back-End Fee” Guarantee.
7. “Do you have Forensic Audit experience?” Since an estimated 4 out of every 5 loans contain serious state and federal violations, any loan modification company you choose needs to be expert at forensic audit analysis. This way, they are more likely to catch any potential violations, and will use this as a major bargaining chip with your lender to get the best terms possible with your lender. Before you can effectively have your loan modified, you and your modification company must know exactly what violations were performed by the lender. You should only select a loan modification company who is backed by an Attorney that is expert in forensic analysis.
FOR MORE FREE INFORMATION REGARDING MORTGAGE LOAN MODIFICATIONS,
VISIT: HTTP://WWW.RESCUEFORHOMEOWNERS.COM.
