Loan Modification Program - Explaned for Real Estate Agents!
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Tellitlikeitis: This is not completely accurate because most people work or they should be working if they expect a modification and will need on the average over 50 some hours to try and deal with the lender who will not take them too serious and most people have never negotiated a candy bar what to speak of new terms on their loan and they cannot do a forensic loan audit to pinpoint any non-compliance and if they lied along with the broker on the loan for stated income they need a lawyer.
jambur44 3 years ago
Loan modifications are a scam! These companies charge $1,400 to $4,000 to process your loan. You can do this yourself by contacting your lender. The agents are brokers and they are like sharks waiting to eat you alive. They will do the same thing you can do on your own. Write your own hardship letter, send in bank statements, paystubs and w2's. That is all you need to do. Don't hire loan modification brokers.
Tellingulikeitis 3 years ago