How to get a Loan Modification Approved

Tips for how to get your loan modification approved. What you need to know before calling for a loan modification or a Rate Freeze from your current lender. Please turn on annotations for important updates.

Category:

Education

Tags:

• Loan
• Modification
• how
• to
• get
• rate
• freeze
• foreclosure
• late
• mortgage
• payments
• loans
• finance
• refinance
• fighting
• restructure
• loan

[goboy100]

Don't throw your money away to one of these modification companies. Hire an attourney who specializes in loan mods. .A competent attourney will not ask for any money unless they are sucessful in obtaining a loan mod. Anyone who ask for any money upfront I would not deal with because that is a red flag. Do your homework.

[TrustedMortgagePro]

The California DRE allows mortgage pros to charge an upfront fee if they have received a "no objection" letter from the DRE for their advanced fee agreement.

Lawyers can do loan mods only if they are already representing a client in other matters.

Many mortgage pros performed loan mods as foreclosure consultants and were paid at the end of a transaction, only they were not paid in many cases, that is why the DRE allows advanced fee agreements.

[jesshill7]

TrustedMortgagePro, since you're are such an expert on the subject, and boast your so called 90% success rate, you should also inform every customer that they don't have to pay a fee to negotiate with their lender. It's garbage like this, which has people believing they can get something for nothing.

[TrustedMortgagePro]

Yes, you can try negotiating with your lender, just like you can represent yourself in court. We don't discourage people who want to try it themselves. Many of our clients have tried and failed.

[scamfighter100]

Hey, just a word of warning. Feldman Law Center is now on You Tube. This company is a scam. Keep your money in your pocket!

[aladamsusa]

Attorney's DO NOT take loan mod cases on contingency! No one is going to put in the hours required to do a load mod (normally 30-50 hours) unless they have been paid UPFRONT! If you hire an attorney to help you with a DUI charge is going to take your case on contingency? NO! He's also not going to offer any guarantee that he can save you from going to jail. The sames holds true with a loan mod. NO ONE can guarantee what a bank will or will not accept.

[scamfighter100]

Feldman Law Center is a fraud!

[goboy100]

You are right . Each case is different. if you lender has violated truth and lending laws then you can use that as leverage to try and get a better loan . Better as in better terms like lower interest rates which in turn will lower your payment. In some cases the lender will reduce the principal. It' all depends on each individual case.

[miktimrob]

you stay classy subprime2006. nice work on telling someone you don't know anything about to get a real job. this is helpful. thanks for showing so much class on the matter.

[jesshill7]

With your swell use of grammar, I can see what makes you such an expert at communicating with the banks. If I were sick, I would go to the doctor. I would discuss my symptoms and wait for their diagnosis. I wouldn't pay someone to listen to my symptoms, manipulate them, and then go to the doctor for me.

[jesshill7]

Yeah, cause nothing says "real job" like profiting on hardship and distress.

[yoel3030]

hello could you please tell me why you made this statement i want to know before i do any type of deals with this person thank you very much.