Diana Olick Mortgage Loan Modification Companies: Saviors Or Scams?
undergroundfinancial asked:
The companies claim they will, for a fee (which seems to be around $3000), get you through the red tape of lender/servicer mortgage modification programs and get you to a rate or payment that you can afford. Some are quite reputable, while others are total scams
Tags: Diana Olick, Mortgage Loan Modification, Mortgage Programs
January 13th, 2009 at 7:31 am
This is why it is important to work with licensed professionals. You have to have someone who is licensed with the Department of Commerce, in some way or another.
Also, DON’T PAY UP FRONT!!! When a company get everything up front they are not as motivated to get the job done.
Now, I will say, in defense of the company featured here. It is not uncommon for banks to say that they have had no contact even after repeated phone and mailings. That is why you need someone who knows how to do it.
January 15th, 2009 at 9:41 pm
Warning! Stay away from Feldman Law Center, if you do not wish to be scammed and cheated and lose you home!!
They lie, cheat and charge large fees upfront. This company is currenty under investigation. Do not let them take you to the cleaners and make you lose you home.