Loan Modification Arizona

[jonathangarcia09]

muputo,

Your payment was cut in half??? but dont you realize that youre in it for another 30 years in a negative equity property, and how long before you even repay that negative equity??? you wont be able to sell or refinance till you do......Not too smart if you ask me!!!

[wayneo169]

Loan Mod's the new Bank & Government scam, I had emergency major surgery & contacted my bank 4 months prior to needing assistance paying bills from my savings, my bank offered me a 5 month hardship deferment and sent back my mortgage payment, 4 months later they denied me a hardhsip & told me to apply for a loan mod but placed me in foreclosure and destroyed my credit so I couldn't get a 2nd mortgage, I've been denied 4 attempts at a loan modification by Sovereign bank - don't trust any of them

[muputoo]

All I know is the guys who helped me got it done. No I did not get some big reduction on my loan but the payment was cut in half, HALF!

The Modification Center 866-534-0990 Hey, it worked for me.

[aloanmodification]

If you really want a principle reduction. You will then to do some PI work. You need to follow the Assignment of Bene Interest in public record also I would recommend a Qualified Written Request, from a starting point. We have various clients that we discovered the new Assignee is not the "holder in due course" thus cancelled the sale and has offered a principle reduction with a little disclosure of facts. to learn more call 480-214-4040 ask for Mr. Sanchez, Licensed HUD Counselor

[muputoo]

I have been modifying loans for years. Here's what happens: Part of the principle balance is put into an escrow account with no interest added and becomes a balloon payment at the end of the 30yr am period, or sale. Ex: 500k becomes 400k, but the difference does not "go away" , 100k is due at sale or maturity of loan. I do em all day long.

866-534-0990

[Beingreal40]

Perfect example of just buying time.

[dldahlberg]

This is bull shit.. there is NO government (state or federal) license requirement for loan modification. They don't tell the truth... NO license. These guys are thieves and liars. There is a special place in HELL for these people. If you call them you are going to get screwed. The only requirement in Arizona is a Bond requirement with the Arizona Corporation Commission.

[aloanmodification]

Regulatory Alert from the Department Of Financial Institutions , states the HB 2143, Section 3 amending A.R.S. § 6-991. You must be licensed mortgage broker or mortgage banker to provide Loan Modifications in Arizona.

Law took effect Oct. 1st, 2009. amending the ARS to make certain everyone understands a loan modification company must licensed. So any doubters prior to the past language which we and our attorney's interpreted license was require, but not is official.

[aloanmodification]

Need to clarify 2 things for the uneducated, dldahlberg. The 49th Legislature Passed by the majority and was confirmed by Mr. Cardon in June, 2009, HB2143

1. HB2143- law took effect midnight Sept. 30th, 2009

2. employees of a mortgage banks or mortgage brokers must be licenced by July 2010 There is a difference. If you need to verify the law part , you may call the Arizona State Legislature, like I did to confirm the facts. Then call AZDFI about the licencing for employees.

[dldahlberg]

You are getting closer to telling the truth, facts are. If you are doing a loan modification, you are not a mortgage banks or mortgage brokers. The law was signed, but no license requirement till July 2010. So to say that you need a license to do loan modifications is a lie. See AZ 44-1702. You should read this, it discusses about misleading the public. It appears that these guys are the mortgage guys that got us into this trouble in the first place . They should take an ethics class.

[Beingreal40]

YOU CAN'T MODIFY A LOAN YOU NEVER QUALIFIED FOR . Modifications are nothing more than to buy you more time. EXAMPLE: You quailfied for $200,000 on a fix in the years of 04 and 05. How do you modify $400,000 Lenders wont reduce principal. OPTION ARMS ARE LIAR LOANS. Sure lenders are modifying to a 40 year or they're off setting your reduction to the back of the loan. YOU'LL STILL LOSE. Lost job. Credit card debt. Does'nt matter. Not your fault. YOU'VE BEEN LIED TO!

[aloanmodification]

Lied to? are you speaking of Mortgage Back Securities? If so Then I would agree.

[Beingreal40]

Yes and it's too late. The ones that did lie with granite countertops and swimming pools are getting the mods. But the rest of us who didn't lie have are morals set too high to deal with thieves. Pesonally I'm losing my deposit, all the work and materials I put into this home, and my home. Put all that together and I'd rather lose it all then live in a house constructed by fraud. I'm not going to modify with thieves.

[scamfighter100]

Stay away from Steven Craig Feldmam/Feldman Law Center. Steven Craig Feldman is a scam artist, con-male, cheater and dead beat dad!

[aloanmodification]

Report him to the Bar with your evidence or at least to the Department Of Financial Institutions.

[scamfighter100]

Stay away from Feldman Law Center and Steven Craig Feldman. Steven Craig Feldman is a liar and cheat! He is also a dead beat dad.

[85225Chandler]

Great Loan Modification TV Commercial, No Up Front Fees for loan modification help. Awsome!