Loan Modification: Be Carefull! Don’t Pay Until You Close!
[caption id="attachment_98" align="alignright" width="250" caption="Be carefull of Loan Modification companies that charge upfront "][/caption] I talk to people almost daily all across the Sacramento area who have paid for a Loan Modification with absolutely nothing to show for the money they spent. It seems that everywhere in California; especially where foreclosure filings are rampant like the Central Valley, Sacramento, Stockton, Modesto areas especially, Loan Modification scams are popping up everywhere. A Sacbee Story explains: It goes something like this: A homeowner falls behind on his mortgage and soon thereafter receives a letter from a company promising to help him get a modification of his mortgage. Over time, the homeowner ends up paying hefty fees of $3,000 to the company, and waits, having been instructed not...
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