Good loan mod companies...

Tue, Nov 10 2009 01:54pm EST 1
Master of Her Domain
Master of Her Domain
136 Posts
Are there any?

I am working with one peripherally right now. The woman I am working with is an old co-worker, and I trust her. But I still wonder what the benefits are to using loan mod companies when it seems that consumers can get it done on their own. Has anyone had any experiences with these companies? What value do they offer, if any?



Tue, Nov 10 2009 02:59pm EST 2
Rich
Rich
123 Posts

We had one of our long time wholesale ae's go into this. Working for an attorney who also happens to be the attorney advisor for one of the state mortgage associations. We sent two or three people to her and their mods went nowhere. I cant in good conscience refer anyone. I would only warn people that they might be wasting their money. MA is requiring all loan mod people to be licence through the NMLS.

Fri, Feb 26 2010 10:08pm EST 3
Oak
Oak
36 Posts
Jen, my brother gave a company $3000 and then he just ended up doing it himself because the people changed the phone number. He got scammed and then he lost his house anyway 8 months later
This is nice website ya got here, is it pretty new?

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