Loan Modification
Photo is not of the type of modification of the subject article, by rick from Flickr
I am aware there is a lot of discussion on line and off about loan modification. As there are a lot of borrowers in financial trouble it is both pertinent and a haven of bad information. As many know of me as a loan officer, mortgage broker, and branch manager I am often asked about the topic.
Here is our company position on loan modification: Loan Modification is OK if done properly and through an attorney.
We do have the services of an attorney we trust to consult for you, a friend, or family member. He will handle all of the direct and consulting letters to the lenders. He will investigate any RESPA issues.
Few loan officers, real estate agents, or brokers have the ability to fight well for suffering borrowers.
I will return on December 7th. If any of you know of anyone who believes loan modification is appropriate you may have them contact me and I will put them in contact with this attorney. Larry
