Richard P.

Are Loan Modifications a Salvation for Former Mortgage Brokers?

I started a loan modification concern six months ago and we are attorney based. We do charge an up front fee that is 50% refundable if a modification is not successful. What people are not realizing is that dealing with banks in an effort to modify a loan is an extremely arduous endeavor that takes time and patience. If you are ethical and really have the homeowners interest at heart, you should be paid for your time and services. Thats precisely the reason we offer a free consultation to pre-qualify the homeowner. If a legitamate hardship is established then we go to work for that individual.