Debt Free Me
Very nice post. Keep up the good work.
http://www.eliminatedebttoday.us
Blog Detail
Home Loan Modification
http://loanmodificationfoundation.com/blog/
Blog on home loan modifications, how to apply for a loan modification, the formalities, latest news on the real estate loan sector etc.
- Added on: Jan 5th, 2009
- Country: United States
- Language: English
- Author: Bridget Toomey
- Listed in: Loans Personal
- Tags: home loans foreclosures real estate loans home loan refinance loan modification home loan modification
Recent Posts
Saxon, Citi Mortgage, Home Equity, WAMU Agreeable to Modifying Loans…
Everyone wants to know what lenders are open to modifying loans. Well as of late, we have taken on clients who tried to modify their own loan with Saxon, Home Equity, and Citi Mortgage to name a few. Unfortunately, the homeowners worked with the lend...
How Do You Know the Loan Modification Company is NOT a Scam?
We’ve all heard horror stories about homeowners who have paid thousands of dollars up front to a loan modification company that not only could not modify their loan but could never be reached again. Basically, the loan modification company too...
How Do You Avoid A Loan Modification Scam?
Everyone has read about loan modification companies who charge you upfront fees to do your loan modification and then they never hear from that company again. Unfortunately this is becoming a common predicament for homeowners who are desperate to sav...
How Our Company Handles the Loan Modification Process
The primary question homeowners want answered when they are looking for a loan modification centers around “how does your company work,” or “how does your company handle the loan modification process?” We get these questions f...
Why Do Homeowners Pay Up Front Fees to Modify?
If your looking to modify your loan, chances are you know that most companies you talk to are charging you an up front fee to submit a modification application to your lender for you. On average, these fees are about $3,000, sometimes higher and not ...
Comments & Reviews
This blog is currently rated a 4.26 out of a possible 5 based on 27 comments.
joey blogs
intresting blog! very useful info!!
Kent Svensson
Thanks for the you find my blog intresting."affarsmarknaden"
Kent Svensson blog
chidchan
Very Informative blog.Keep it up.....
Thanks for faved my site.
:D
http://www.chidchan.com
LaTosha Johnson
Thanks for adding me as a friend. You have great information on your website! Please feel free to contact me should you need any marketing, market research or virtual assistant services.
LaTosha Johnson
TargetStars, Inc.
http://www.targetstars.com
Directcapital Software
Start a loan modification business today with Loan Modification Software, 250,000 free leads and everything else you need to being making money in this growing business.
http://www.directcapitalsoftware.com/
Chris
Hey! Thanks for adding me as a favorite!! Let me know if you do any loans here in GA... I'd be happy to help.
Also, check out my blog's latest update. I am now streaming LIVE during business hours! I am officially the world's first virtual insurance agent!!
www.chrisismyagent.com
Derek
I found a new loan modification that has been launched at http://www.aboutcalifornialoanmodification.com
There is a also a press release about them at http://www.pr-inside.com/new-loan-modification-agreement-website-r1240266.htm
Hope this is helpful to somebody.
Rika Subana
Interesting article content. but can they be implemented in other countries?
BD
Impecable timing. We are thinking about refinancing. Thanks for clarifying some issues.
micelle
That is a great information about loan modification. Also- I found this website that might help as well. http://houseloanhelp.com/help/loan-modification-help.php . Keep up the posts! I enjoy reading them!
shashi singh
Here are some of the loan modification scams we are seeing. If you have been a victim of any of these activities please contact us for a free consultation. We will look up the loan modification company and see if they are properly licensed to engage in the loan modification business.
http://www.leavetheloan.com/
Gi Gi
You have a great site. It is full of great things for people who need that type of help in this economy..
Very well done.
miriam v. torrecampo
Hi. You have a fine site here. By the way, thanks for visiting my blog. :)
angelee
www.24vipinc.com
they have the best proven process such as debt settlement as well as those left over and they suggest simple and real debt Consolidation to pay every debt and last to have the credit repair experts that are attorneys�¢ï¿½ï¿½ who make sure your debts are marked as paid.
emorris@lawsclg.com
Have you been ripped off by a loan modification company? Were you scammed, lied to or defrauded by a loan modification company? Our law firm is fighting illegal and non-compliant loan modification companies and seeking injunctions to stop them from continuing their illegal activities and also seek money damages to make you whole. Call us for a free initial consultation.
Here are some of the loan modification scams we are seeing. If you have been a victim of any of these activities please contact us for a free consultation. We will look up the loan modification company and see if they are properly licensed to engage in the loan modification business. In addition, we will scrutinize their activities to see if they were negligent in performing loan modification services.
(1) Non-compliant company loan modification scam: In order to perform loan modifications in California a Broker is required. The California Department of Real Estate ("DRE") has declared loan modifications to be a licensed activity. As such, a Broker's license is required and any salesperson working under the Broker must also be licensed. In addition, loan modification marketing, solicitation, processing and negotiation has also been determined to be licensed activity by the DRE. We will investigate your company to see if they are properly licensed. If not, we will seem an injunction preventing them from engaging in the loan modification business and seek to prevent future loan mod scams by the unlicensed or non-compliant entity. Note: If the Broker accepts an advance fee (charges you a fee for the service) they are required to have a loan modification contract that has received a letter of non-objection from the DRE. There are only a limited number of companies with an approved advance fee agreement (we will investigate this).
(2) Attorney-backed / Attorney-based loan modification scam: This is the new flavor of the day in loan modification scams. Attorneys are lending their names and credentials to a loan modification company (which may either be properly licensed or not). The Client thinks they are hiring a lawyer and that they have put their foreclosure issue in the hands of a qualified attorney. In many cases, the Attorney either does not exist, or merely lended the broker the use of the name, address, and merchant credit card account so that the broker can bring in loan modification business by holding itself our as a legal entity of sorts. Both the California State Bar and the DRE have tried to warn both brokers and attorneys about this very questionable conduct that raises issues over attorney fee splitting, partnerships with non-attorneys, circumvention of the California Foreclosure law, and violation of the Attorney-Client relationship. Be very careful when thinking about going with an "attorney based" or "attorney backed" firm. Ask yourself why you wouldn't just go straight to an attorney.
(3) Take the money and run loan modification scam: With the Internet any scam artist can hold itself out as a real company. We are seeing more and more loan modification companies that appear to be operating covertly, in violation of State licensing requirements, and these companies may even be offshore. Do not contract with any company if you cannot verify their physical address and telephone number. Once you give them your money you may not see or hear from them again. Even if you receive a mailer piece from a company that looks to be a legitimate loan modification company, proceed with caution and prudence. If you have been scammed or ripped off by such a company please contact us immediately.
(4) False promises loan modification scam: Did your broker or attorney-backed/attorney-based company promise you something they did not deliver (ex. principal loan reduction, guaranteed loan modification, 100% money-back-guarantee, etc.) and fail to deliver? If so, they may have either ripped you off (fraud, deceit) and/or failed to properly process your loan modification (professional negligence). Many loan modification companies will hold themselves out as "loan modification experts" or "loan modification specialists" even though this business is fairly new and even though the loan modification company may have had no special sill, training or experience in this field.
(5) The loan audit that never happened loan modification: Many brokers and attorney-backed companies are representing that they will get your loan modification processed faster and more efficiently and get you a better loan modification because they will have a "loan audit specialist" or attorney or law firm conduct a forensic loan audit. We have seen many cases where either no loan audit is performed or a lousy one paragraph summary is provided that makes it questionable whether or not the loan audit was ever performed. Especially in regard to Option ARM loans and NEGAM loans we would expect a more thorough loan analysis.
This is just a short list of the types of loan modification scams, frauds, rippoffs and negligence we are investigating on behalf of our homeowner clients. If you feel you have been lied to, cheated, ripped-off, abused or neglected by your loan modification company, please contact us.
We are a law firm licensed to practice law in California. We will provide you a free initial consultation, and if your case qualifies (most do) then we will take your case on contingency and seek money damages and attorney fees caused by the loan mod scam artist.
This is an advertisement and communication pursuant to State bar rules. We only seek to represent California homeowners with this service. This article is not legal advice or intended to serve as legal advice. No attorney client relationship is created by sending us an email or phone call.
Contact Us:
Eric Christopher Morris
Attorney at Law
Southern California Lawyers Group, PC
9330 Baseline Road, Suite 203
Rancho Cucamonga, CA 91701
(909) 466-4400
(909) 839-5004 Fax
www.lawsclg.com
emorris@lawsclg.com
Patty Poala
When both my husband and I were layed-off from our jobs we began looking for work right away. After months of searching and using our saving for our bills we came to the conclusion that we needed a mortgage loan modification if we were going to save our home. We called a company called 21st Century Legal Services, located in Rancho Cucamonga California U.S.A. 21st Century Legal Services a law office warned us of the many scam rip-off telemarketers pretending to be providing loan modification services. So we decided to work with this company. That decision worked out really great they got us a wonderful mortgage loan modification agreement. They even helped us write our loan modification letter. If you or anyone you know is in need of loan modification help we suggest that you call 21st Century Legal Services for help. 21st Century Legal Services saved our home we know they can save yours. Good luck to you all on saving our homes.
Rosie Jay
I was in such distress until I called 1-21st Century Legal Services voted best loan modification company. When I fell behind several months on my mortgage when my husband died. I am on a fixed income and lost the benefits from my husband. I called 21st Century Legal Services in Rancho Cucamonga California U.S.A., to get help from their loan modification program. 21st Century Legal Services immediately started working on my file when it was received. They received my file on June 2, 08. They did not receive any money from me till the end of July 08. My payments went from $1950 to $1040.77. I was very happy with this mortgage loan modification agreement. I can utilize my savings on other things I need since I am limited on my income. I think anyone in danger of losing their home should call 21st Century Legal Services, or check out their website, I will even give you the number and web address. They can help you believe me, if they could help me they can help anyone. Call them at 1-888-483-1748 or on the web at WWW.21stcenturyremod.com
Good Luck,
-Rosie Jay
Romeo Burke
nice blog
http://www.financialreviewpages.com/
Sally Rose
Recently, I decided I need to get help from a loan modification program. I was down 4 months on my mortgage due to the loss of my income. After 23 years on my job, the company shut down leaving thousands of us out of work. I went to 21st Century Legal Services voted #1 in best loan modification company's located in Rancho Cucamonga California U.S.A., not knowing what to do. They went over my financial situation and decided to do a Wells Fargo loan modification. They helped me with my loan modification letter, and agreed on a great loan modification agreement. 21st Century Legal Services a law office warned me of the many scam rip-off telemarketers pretending to be providing loan modification services. I thank 21st Century Legal Services so much for saving my home. I hope my story encouarges anyone in danger of lossing their home to call 21st Century Legal Services or check their website out. Their phone number is 1-888-483-1748 and their website is www.21stcenturyremod.com check out their website and watch their commercial.
Good Luck To You All!!
-Sally Rose
2cjo222
I was behind on my mortgage 6 months I had lost all hope to save my home. When I was about to give up I heard about 21st Century Legal Services and they helped me by modifying my home loan and thanks to them my home was saved. I strongly suggest if your behind on your mortgage and are afraid of loosing your home contact 21st Century Legal Services.
Chip Hundredmark
The “Streamlined Modification Plan,” or SMP, which is an expansion of what many lenders are already doing, will be implemented by December 15, 2008. “This is an important effort by the mortgage industry to help homeowners,” said Faith Schwartz, HOPE NOW’s executive director. “This is a big step forward that will make it easier to modify loans for the most at-risk homeowners so they will be able to avoid foreclosure and stay in their homes.”
Under the new SMP, lenders will use an expedited process to modify, or restructure, a mortgage so that the homeowner can afford the monthly payments. The streamlined process will apply to at-risk borrowers who are 90 days or more late on their existing mortgages and whose loans are owned by Freddie Mac, FNMA or participating balance sheet lenders/servicers.
After compiling the homeowner’s information, lenders will use a simple process that reduces the homeowner’s monthly payment to no more than 38 percent of the borrower’s monthly income. This may include in any combination (1) extending the number of years of the loan, (2) reducing the interest rate, and/or (3) forbearing part of the principal. If these steps are cannot reduce a homeowner’s monthly payment to that affordable level, the borrower will receive an additional loan-by-loan review that will include all other options to prevent foreclosure.
While many lenders have used some combination of these SMP components up to now, the real benefit of the program will be the systematic and uniform approach that lenders will now apply to modifications. This is expected to streamline the process significantly. According to Schwartz, SMP’s consistent guidelines and standards will make it much easier and faster for homeowners to get the assistance they need. “This effort compliments those being made by other institutions and should provide homeowners with real confidence that the mortgage lending industry wants to help them avoid foreclosure,” she said. “SMP will help stabilize the housing market.”
hant
its really informative.....
The most trusted source online for free loan modification assistance.
We can save your home!
www.freeloanmodify.com
Jerry Ambrose
If you really want to work with a reputable company, look them up on the internet. Google the company name and see what comes up. Look them up with the Better Business Bureau and also websites like ripoffreport.com and scam.com. Ask them how many modifications they have closed. Also ask them how many modifications they normally close with your lender monthly. Attempting to modify your own mortgage is like going on trial for murder and representing yourself. Colin Ferguson tried it out, look where that got him: in prison. Would you really want to risk losing the most important asset you will ever own? Or would you rather have an attorney backed firm with an established relationship with your bank handle the negotiations for you? A company that offers a 100% money back guarantee is showing you they stand behind their product 100%. I challenge any other firm out there to show me the results that I can show you. You don’t have enough paper in your fax machine for me to show you all of our results. I can show you 100s of rates at 3%. I can show you 100s of principal reductions. Has your company been interviewed by NBC? How about CBS? How about ABC? Bloomberg? NY Times? Good Morning America? Any of these? No? We have been covered by all of them. I showed you mine, now you show me yours. What is the company I represent? Amerimod. Do your own research. You decide who is going to do the right thing for you and your family.
Contact: SavedYourHouse@gmail.com
AdjustMyLoan
www.AdjustMyLoan.com is a national loan modification company based out of Phoenix, Arizona. Our loan modification experts can help you audit, package, propose, and negotiate a loan modification on your behalf. Our loan modification blog is packed with loan modification information, current loan modification programs, and do-it-yourself loan modification advice.
Visit http://blog.adjustmyloan.com or call our toll free number 1-800-557-7573
oskar schiffer
your blog is really nice and informative...keep it up.
Received virus warning on your blog home page. Please check your files.
Posted: July 6th, 2009 | More Reviews From angelsolutions | Report This Comment