June 21, 2024

Jocuri

Mad about real estate

Get Help from a Loan Modification, Don’t Get Scammed!

So many people are desperate to get a loan modification so they can keep their homes. It is a difficult time, but if you react too quickly and act before you have thoroughly investigated the company. Some unreliable companies make unreasonable claims, such as stating that 95{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} of their loans get approved. Don’t fall victim to these claims. It is unfortunate that so many homeowners have become victims to fraudulent companies who seek out people in the worse possible circumstances and exploit them. In the end some of these people end up losing their homes because of these immoral people. There is help for homeowners but it does not cost thousands of dollars to get. Begin by following these tips.The Treasure Department, along with President Obama, have issued advisories telling homeowners not to pay for loan modification services that guarantee successful negotiations. You should not be asked to pay for any service upfront. The Home Affordable Plan is free. You can begin the process all on your own by accessing the government website, www.makinghomesaffordable.gov.com. There are also many free organizations that will offer free who can offer guidance so you can find an acceptable solution to your problem.Many homeowners find the process of negotiating a home loan modification confusing and are overwhelmed by the task. Many of us have had very little direct experience with the paperwork involved in completing a loan, so this reaction is understandable. Turning everything over to a company that will take care of this for you seems like an easy solution. Be careful. A California company charged desperate homeowners $12 million in less than twelve months but only completed a few application packages. The FBI is now investigating them.You can avoid falling victim to a scam by doings some independent research and learning what is needed in order to be successful in getting a home loan modification. After all, this is your home and ultimately you are responsible for finding a way to keep it. Help is available. There are many homeowners in the same situation and the federal government is working with state organizations to find and eliminate fraudulent companies. Until they are successful, be careful and know who you are dealing with. Everyone is capable of learning what to do and working with your lending institution. Under the current federal program, the mortgage you have now can have the interest reduced to a low as 2{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} and the mortgage can be extended for up to 40 years. This is a real deal! Learn all about modifying your home so you have as much discretionary income as possible. You can do this and the end result will be well worth all your effort.