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Gloria Casillas' Blog

By Gloria Casillas | Agent in Huntington Beach, CA

Homeowners believe that they can get a Loan Mod and pay a lot of money for nothing


While door knocking the Area of Santa Ana I've seen in this comunities that homeowners are spending a lot of money paying all these people that they promise to get them a loan modification for nothing. most of these promises are a scam!! The only entity that has the control of your approvals for a loan modification is the bank!! Add to this it is ILEGAL to charge for a loan modification.

Talk to your Mortgage you don't have to spend money trying to get a loan modification. You can do it yourself!!

Comments

By Richard Littlefield,  Thu Dec 15 2011, 13:01
Yes, it is interesting, while it is not legal to charge up front for a loan mod. Many companies are still charging upfront for t hat. Not sure how they justify it.
By Timothy M. Garrity,  Thu Dec 15 2011, 13:05
Agreed.

Loan mods are few and far between these days. I think most banks would rather pursue a short sale than a loan mod.

Just my opinion.

TG

http://phillyurbanliving.com/

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