Need advice about working with loan mod specialist
I would be VERY CAREFUL and research them on line and with the B
I would be VERY CAREFUL and research them on line and with the BBB and anywhere else you can! It does not seem right that they should charge that kind of fee for a "trial modification." There are so many scams out there right now! Be extremely cautious or you could lose a lot of money that you certainly can't afford! Are they a licensed lender where you live? That is the first thing you should find out!
I am afraid that I have to agree with Frogpatch here. In case th
I am afraid that I have to agree with Frogpatch here. In case the trial mod is referred to the HAMP trial modification where the permanent modified payments remain almost the same as the lower trial payments after the trial payments. But in some states its illegal to charge upfront for loan mod. Only after the mod that the company can charge you. So if I were you I would look into that as well. And one more thing I would like to inform you is that most of the scam organisations are located in India. So just be careful.
You can get your own "trial mod" from your lender. The kicker is
You can get your own "trial mod" from your lender. The kicker is getting a permanent mod. I would call your lender directly first. They can't do anything for you that you cannot do for yourself by just calling the lender. However, my belief, as I have gone through this ridiculous process, is it is so dang hard to get a perm modification and I am SOOO glad we did not pay some company to try and get it for us. I believe they are all scams! Don't do it!
I was able to get my home loan modified through a company called
I was able to get my home loan modified through a company called naca.They are free and are a HUD government service. www.naca.com
My mortgage company refused to help me until I found naca.Good Luck