Mortgage Grapevine

I am looking for a loan mod company to work with my clients

I have clients that

are on time and not behind or;

Are upside down in value and need a principle reduction and are on time with their payments but struggling.

Is there anyone with reasonable costs that I may work with and sign up my clients who have on time payments but are struggling?

Steve

443 983 1216 cell
skazmarek@earthlink.net email
by KAZ October 28, 2009 10:47 PM

They are a bunch of scammer freaks and one by one the states are shutting them down.
by FreshMeat October 28, 2009 10:55 PM

what state
by LEE GASTON October 28, 2009 11:03 PM

Maryland
by KAZ October 29, 2009 12:48 AM

Don't do it.

There is a high probability that they will get screwed. And no matter what, they will always link you to that mistake. Its not worth it to get involved, especially when they can do it themself. They just need to tell the lender that they are making their last payment, and submit financials. They can do what a loan mod company does.
by Mr.Wonderful88 October 29, 2009 9:19 AM

I have to agree with Mr Wonderful. Lenders are putting clients on trial mods for 4 months, then ripping the rug out from under them, even if they perform as agreed. The truth is, you'll be representing yourself as being able to help them, when you have no way to know what the lender will do.Get a toll free number for the lender and give it to your borrower, and wish him good luck.
by marin99 October 29, 2009 11:55 AM

WE HAVE BEEN IN BUSINESS FOR OVER 20 YEARS,DOING LOAN
MODIFICATIONS,STOPPING FORECLOSURE AND COMMERCIAL LENDING
WE HAVE ONE OF THE BEST LOAN MODIFICATION PLAN FOR HOME-
OWNERS,NATIONWIDE ONE TIME FEE OF $1600.00 WE OFFER THEM
FINANCING,WE ARE ATTORNEY BASED WE PAY BROKER,S $500.00
BRANTLEY & ASSOCIATES P 713 981 5926 EMAIL brantley.associate@att.net
by paraguay October 30, 2009 7:25 AM

Agreed! Your clients need to contact their lender and tell them exactly what Mr. Wonderful88 suggests. Here's another deal I've heard going around. Fannie is proposing to offer what they won't allow any of the Mod Companies or investors to offer people in trouble. That is, owners can stay in their properties, if they give up their deeds. The bank will lease the property back to them for a period of five months, at a market value rent amount. This is, supposedly, at a much lower rate then their current mortgage payment. However, after the five month period is up, there are no guarantees or suggestions as to what will happen next. I couldn't believe my eyes when I read it, but that is good ole Fannie for ya!! So, what are you going to do? Which crook do you want to handle your problem?? I'm afraid your clients are on their own. You can't help them with their third-party dilemma!
by yrz125 November 19, 2009 9:56 AM

Reply