Mortgage blog

Have you received the "your loan is eligible for a modification" e mail or direct mail piece yet? My Attorney sent one to me this week that looked like it was sent by Loanquick to him as a Loansquick customer.  Of course the deceitful advertising did not originate from our office. It claimed for a mere $3000 he could save thousands by modifying his loan.

While he may indeed have been eligible to have his loan modified, he doesn't have to pay all that money to find out. You can do exactly what the so called loan mod expert does, contact your lender & wait the weeks for them to reply.

Most of these scam artists prey on the people who need the most help, those who are behind on their payments or are unable to refinance. So when you need that extra bit of money the most, they have you pay them thousands, when you can least afford to. DO NOT DO IT!

 If you are losing your home to foreclosure, and you have exhausted your options speaking directly to the lender, then your only hope is to consult an attorney who specializes in bankruptcy or contact a consumer advocacy group