Brothers and Sisters – Are you thinking “Loan Modification”?
ByI know a lot of you who are. There are a lot of questions you need to ask if you are going to go through one of those “loan modification” companies that sprouted up as a result of this Distressed Real Estate Market.
Be sure of what you are signing – read and reread – if you have an attorney friend – family member, or maybe paid services – they would be a great resource to bounce the contracts off of before you sign and submit.
Paying money before hand for a Loan Modification? Not sure if I agree. Either it can be done or it cannot. Simple – but there are those out there that are going to get the last amount of money you have in your bank account through trick or device.
We had issues when I was in a full time position with the LAPD and currently as a reserve – I still have a problem with those out there that are taking what is not theirs.
Final note – call your bank, call the institution that is holding your note. Check and see if they have hired additional personnel – which I can bet they have to deal with the Loan Modification part of the TARP allotment.
Citigroup has expanded as has Bank of America. I would imagine that the others have followed suit.
RSS Options