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Finally, someone else gets it!

By
Services for Real Estate Pros with 1st Choice Mortgage Resolutions

With all the negative attention that loan mod companies and representatives have been getting, I have to admit that I have been becoming increasingly frustrated.

Everyone who is NOT a modification consultant has nearly NOTHING positive to say about loan modification companies, and it is my perception that most realtors believe the best thing for every homeowner who faces foreclosure is a short sale.

I have been pondering this negativity issue for a while, and while I have not and an "aha!" idea on how to make more positive news appear in our media, I have stumbled across a blog that very near perfectly states what I believe, and what my companies principles are built upon.

So, you nay-sayers out there, please do me a favor and read this:

Why Scam Artists Thrive in the Loan Modification Process

I hope this sheds some light on the need for our services. The true value of what we provide, and still helps by mentioning the things that set your blood to boil as well.

It has been my philosphy from the beginning that we professionals need to band together to help homeowners. It can be done, without breaking the law, or scamming.

I welcome your comments, provided you've read the linked blog as well.

You can also find a link to the blog on my website @ 1stchoicemortgageresolutions.com While the site is under construction, the link is available to passers-by.

Hoping to create a more positive outlook,

Posted by

*Providing Solutions to homeowners across the country to their mortgage matters.*

Walter Getz

1st Choice Mortgage Resolutions

Rochester, NY & Bethlehem, PA

(585) 232-7998

Christopher Schwindt
Schwindt | Richardson LLC - Portland, OR

The article in the Washington Post overlooks the broad range of consulting and legal services available to borrowers who engage an attorney or other licensed professional.  Attorneys are bound by high ethical standards and regulation by the bar associations. The author also discounts the fact that not all loan workout departments at lending institutions are programmatic, nor do those with programatic guidelines always adhere to them in each case.  In addition, the most appropriate presentation of borrower information and the time/effort involved in lenghty follow-up and re-submissions is often beyond the capabilities of many and/or reason enough to hire a professional.  The unregulated yahoos simply taking advantage of uneducated consumers is a problem.  Working without up-front fees has never been a sound business practice for attorneys, and it is particularly untenable when serving clients in financial distress.  Collections issues become extremely problematic.  Regulations to that effect will only result in lack of available professional help.

Jun 14, 2009 10:41 AM