Loan modification can work, but you have to be prepared to watch out for loan modification scams. There are at least 16 CA attorneys under investigation by the state bar for loan modification fraud, and the U.S. governement has just announced it is cracking down on loan modification scams. The attorney general's website has more information, or check out my blog posts on the subject here: http://josephcapote.wordpress.com/2009/09/18/5-tips-to-avoid…
and get the list of CA attorneys under investigation
http://josephcapote.wordpress.com/2009/10/01/loan-modificati…

Joe

Hi Jason,
There are many homeowners getting loan modifications (lowering their monthly mortgage payments and/or interest rate). However, it is advised that you check out the Loan Mod company you want to work with. Because, many predatory companies have popped up looking to scam such ones in need. Feel free to take a look at the website below (Mortgage Assistance Center-Mortgage Assistance Centers is a nationwide legal firm helping homeowners with financial and personal hardships by negotiating with lenders to ease the strain caused by today’s economic crisis.). There are testimonials, videos and news articles regarding loan modifications programs, foreclosures, etc. Let us know if you or anyone else would like more information regarding loan modification.

Yes it does works if the person and property qualifies! REmember the issue is a hardship must be proven

gene

loanmodsfbayraea.com