More Dangers for Foreclosure Mediation and Modifications
By Neil Crane of The Law Offices of Neil Crane LLC posted in Mortgage Modification on Tuesday, February 9, 2016.
OUT OF STATE MORTGAGE MODIFICATION COMPANIES "SCAM" HOMEOWNERS OUT OF THEIR HOMES
With decreasing interest rates and lack of an economic upturn, many homeowners have chosen to apply for modifications of their home mortgage. The process is daunting and frustrating to most homeowners, many turn to out of state "mortgage modification" companies to assist them in obtaining a modification.
These so called mortgage modification companies must be viewed with caution. Most of these companies advertise to assist homeowners, however in reality, they turn out to be scams and end up bilking the homeowner out of hard earned money. When you are sick and need to visit a doctor, you would never dream of contacting a doctor out of state to diagnosis your illness. This same principal should be applied when considering a mortgage modification!
According to the United States Department of Justice website, seven California citizens have been indicted on fraud charges for taking money from homeowners and not following through with the modification process through their mortgage modification company . If a mortgage modification is something of interest to you, make the time to find a local company to assist you in the process and ensure you aren't one of the victims of these scam companies!
A mortgage modification can provide great financial relief and be very powerful tool for saving homes in today's economy. To learn more....ask us about mortgage modification process and setting up a face to face meeting.