Hello Active Rainer's.   For the past 14 Months I have been diligently investigating Loan Modification / Loss Mitigation companies.  The reason for my investigation has been due to the large number of Foreclosure and Loan Mod scams that I have found.  And I was wanting to add loan modification to my services.  My list became a list of 30 companies when I found the company I have been with for the past 5 months.  My list has now grown to over 295 companies throughout the United States that Offer loan modification services. I am continuing to add to the list as my hope is to keep consumers from using the many scams, unethical and uneducated loan mod companies in the marketplace.  Here is what I looked for during my research.

Type of set up - Were they backed by attorney's etc.  More did they have attorney's licensed in various states.  For instance an attorney licensed in California can not do loss mitigation for a client living in Maryland.  It has to be done by an attorney licensed in Maryland

How long have they been doing Loan Modification?   Many companies  Real Estate Firms, Debt Settlement Firms, Mortgage companies have just jumped on the bandwagon trying to offer these services.  An for the most part they have no clue what they are doing.

How willing they were to answer my questions and return my calls ( I left several messages with many of them and got NO return calls.  One even set up a conference call with me on my  conference call line and then never showed up.  Not all of them have an affiliate program.. in fact many do not.   I point out the ones with an affiliate program and ones without.

Did they have an affiliate program and what was the cost?   Many are just making money charging brokers $ 50.00 to $ 150.00 per month or large fees to become an affiliate.  (Not Necessary, as many will hire you and train you for free)  Especially the legit ones.

The cost to the consumer to go thru  the Loan Mod Process

If they did short sales along with Loan modification  (short sales are a lengthy process and do not help the client stay in the house)

if they had contracts for the clients

if they had written agreements for the affiliates

Contact names and numbers

If they had a training program.   and some other items

     I put this and other information into a spreadsheet and then listed them Good, Procede with Caution, Avoid, and those that are no longer in business, have disconnected phones, or no longer have websites.  Now this is only my opinion and anyone I send the list to is more than free to contact any of them they wish and make  their own decisions.  I spent 7 Months working for one I felt was very good and ethical, However about 5 months ago their service really started suffering.  It forced me to continue my search and led me to over 295 Loan Mod companies.  I now feel that I have found one of, if not the Best Loan Modification company in America for both Clients and Affiliates, however personally I am moving into the Commercial Mod Arena.  I still think that residential modifications have their need, and I think I found a very good company for both broekrs and clients. They are one of the fastest growing Loan Mod companies in the United States, Have a great success rate among clients. They have a company that will do a full forensic loan audit, package all the paperwork, and underwrite the deal with everything needed for a homeowner to do a modification themselves. Or they can refer the client to another company that will do all the mitigation for $ 500.00 paid at the completion of the modification.  They are transitioning and changing their business model to accomodate new legislation in the area of residential loan modification.  If you would like information on the company that I have found, send me an email and I will be happy to send you information.   Here are some of the other features with this company

1. 4 years of doing Loan Modifications

2. Most complete Forensic Loan Audits in the industry  (money back guarantee if no vilotations found)

3. An affiliation with a proven Debt Settlement Program

4. Credit Restoration Services

5. Business model satisfies the new Senate Bill-94 legislation recently passed by California

6. Complete Online Tracking and submission

7. Replicated Websites available

8. The owner of the Company has met with members of Congress in Washington D.C. on 4 seperate occasions to talk about 3rd party loan modification services

No complaints with the DRE, Attorney General, FTC or the Better Business Bureau

I do residential loan modifications with this company, however my focus has centered towards providing Commercial Loan Modifications thru an Attorney with 25 years of transactional commercial real estate sales, aquisition and legal experience here are just some of the reasons I will be focusing on Commercial Mods

1. Currently there are nearly $ 750 billion dolars in commercial loans inititated between 2005 and 2007 with a 5 year due date.

2. Empty storefronts, Office Buildings and Warehouse space  (make for great leads)

3. Slashing commercial rents, incentive offerings, demanding concessions

4. The losses from commercial real estate loans could hit $ 53 billion, or 8.5 percent of their overall losses

    over the next 2 years.

5.  5 to 10 times the income potential for brokers than residential loan modifications

6. Overall, some $ 270 billion commercial property loans are expected to come due this year along

7. A program Unique to our company that can show the Commercial property owner how to recoup all the cost of doing the modification.

6. NO ADVANCE FEE RESTRICTIONS   Like there are with residential loan modifications

This is just a few of the many reasons.

The whole purpose of loan modification is to help reduce debts and help a client recover from an unexpected financial Hardship.  All of the services of the company I work with are geared toward that goal.  My goal is not necessarily to get you to work with us, but to get you to avoid working with the unethical scams that are in the marketplace.  If you want to earn an income from a pretty good loan mod company then I would be happy to hear from you.  If you just want a copy of my spreadsheet listing the 295 loan modification companies that I have researched, feel free to email me or contact me at the email and phone number listed below.  Or if you would like information on providing Commercial Modifications please email me and I will send you some information.

Please let me know if your interest is in residential loan mods, commercial loan mods or both

Due to the overwealming response of our Commercial Modification program, please email me your requests so that I can more efficiently get information to those that are requesting it.

Thomas Hargreaves is a Financial Planner and Insurance Agent, And understands how education fits in to the practice of building wealth and saving taxes.  you can contact at:  Phone:  541-844-1830    email: agentshelper@gmail.com