Loan Modification Scams - Get Real Help, Don't Get Ripped Off!
Many American homeowners are desperate to get a loan modification, in order to keep their homes. Yes, times are tough, but don't jump the gun before you have thoroughly investigated any company. Some fraudulent companies have made absurd claims, such as a 95% rate of success. Don't come to be the latest modification fraud victim. Sadly, many homeowners have already been victimized by predatory, fly-by-night companies preying upon the vulnerable. Most of them lost their homes, due to such unscrupulous practices. Yes, there is help available for eligible borrowers, but it should not cost you thousands of dollars to get the advice you need. Get started with these tips.
Loan Modification Scams - Get Real Help, Don't Get Ripped Off!
The Treasury Department, in conjunction with President Obama, have been warning mortgage holders not to pay any assistance guaranteeing success with modification of their loan. You should not have to pay an upfront fee. The Home Affordable Plan is a free program. All you need to know about how to get started is at the government web site, makinghomesaffordable.gov. In addition, there are plenty of free counseling services straight through assorted agencies, who can help guide you to an equitable explication to your mortgage problem.
Yet many homeowners feel confused and overwhelmed at the prospect of doing it themselves. This is understandable, since most of us have exiguous if any direct palpate in dealing with lenders and completing loan paperwork. So a business promising to take care of everything for you sounds quite appealing! One California business stole million is less than a year from desperate homeowners. However, few of their packages got completed, and they are now under investigation by the Fbi.
Avoid this type of scam by doing your own research, and learning what is considerable for thriving home loan modification. Yes, you must assume accountability in order to keep your home. The good news is that help is available. Millions of Americans are the same predicament, and the federal government is working with state agencies to close down such predatory loan modification scammers, but in the meantime, learn the facts. Anyone can devotee the basics in order to work with their lending institution on loan modification. Under the current federal programs, your current mortgage could be reduced to as exiguous as 2% for as long as 40 years. That is quite an astounding deal. So pay yourself first, by learning the inns and outs of modifying your home loan. Yes, you can perform this goal, and the results are indeed well worth the effort!
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