What Is A Loan Modification
http://blog.ira-401k-realestate.com
In the past year it seems that everybody from Mortgage brokers, Real Estate agents and particularly Lawyers have become overnight "Loan Modification Experts."
I have yet to find the University that bestows a degree on these people in such a short period of time. It seems anyone who can put a web site up becomes an expert in a matter of days. Ironically these may be the same people who were part of the predatory loan disaster to begin with.
We get at least three to five calls a day from these same "so called experts" wanting to know how a loan audit can help them because they aren't having any success with what they think they're doing. Many of them are not even aware that they may be breaking the law by doing loan modifications. See CALIFORNIA CIVIL CODE. See Federal Law H.R. 3221.
It is astounding how little these people know about the loan modification process their lack of knowledge can sometimes harm you, the borrower more than help. Beware... of anyone telling you they can get you a modification and that the lender is going to respond to them more readily. Beware!
Anyone who tells you they can modify your loan and you are not in foreclosure is either lying or doesn't know what they're talking about! Think about this, why would a lender even consider modifying your loan if there is no current problem with your loan? They won't!!! Not Unless You Have A Mortgage Audit To Back Up Your Reasons For A Modification/Restructure Of Your Loan!!!
http://usaloan-modification-Colorado.com
In the past year it seems that everybody from Mortgage brokers, Real Estate agents and particularly Lawyers have become overnight "Loan Modification Experts."
I have yet to find the University that bestows a degree on these people in such a short period of time. It seems anyone who can put a web site up becomes an expert in a matter of days. Ironically these may be the same people who were part of the predatory loan disaster to begin with.
We get at least three to five calls a day from these same "so called experts" wanting to know how a loan audit can help them because they aren't having any success with what they think they're doing. Many of them are not even aware that they may be breaking the law by doing loan modifications. See CALIFORNIA CIVIL CODE. See Federal Law H.R. 3221.
It is astounding how little these people know about the loan modification process their lack of knowledge can sometimes harm you, the borrower more than help. Beware... of anyone telling you they can get you a modification and that the lender is going to respond to them more readily. Beware!
Anyone who tells you they can modify your loan and you are not in foreclosure is either lying or doesn't know what they're talking about! Think about this, why would a lender even consider modifying your loan if there is no current problem with your loan? They won't!!! Not Unless You Have A Mortgage Audit To Back Up Your Reasons For A Modification/Restructure Of Your Loan!!!
http://usaloan-modification-Colorado.com
About the Author:
Loan Modification,
posted by Credit Counseling at
4:09 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home