In 2008 the American, and world economy for that matter, suffered losses unequaled since the famed great depression. The following years up to the present has left thousands of homeowners in uncharted territory looking for any type of life raft which may help them save their homes and protect the livelihood of their families.
Unfortunately for these people, sensing the emotional demand of these families, a sector of criminals, scam artists, unqualified money grubbers and less than successful lawyers jumped at the opportunity.
There are different levels of scams in today's Loan Modification industry. You have those who are blatantly conniving homeowners to send them money over the phone and the disappearing. There are others who are hiding all kinds of scapegoats in their lengthy contracts and then not providing any service. Still yet there are some that are truly trying to help people but just aren't qualified, experienced, or organized to do so. These people still have no problem collecting thousands though when things go wrong.
So with all this, the question becomes, how do I know who to trust when hiring a loan modification company?
Remember these important points. Either you hire a company who collects no money upfront. Or, you hire an attorney firm who has impeccable credentials, great ratings and tons of loan modifications to show you.
