Sorry, there are no shortcuts. Loan Mod Reps who claim otherwise are deluded, or dishonest.
The process of prequalifying the borrower, then making appropriate application for a loan modification requires borrower participation, and unmitigated cooperation throughout the ordeal. There is hard work, discomfort, and desired results are not immediately achieved.... That's one reason why it's called a work out.
Many Borrowers who seek a painless process and then fail to make required telephone calls, complete application forms, or otherwise fail in their needed participation.... are bound to be disappointed.
There are no guarantees, either.
Borrowers who retain third party "specialists" must be diligent in keeping themselves apprised by calling the lender for status updates, remaining in contact with the specialist, and must prepare for an adjustment in expectations should their financial situation worsen..
There are no shortcuts. Results require full disclosure, hard work, a concerted team effort, and a willing lender.
Sometimes, its difficult for a distressed borrower to pass by the "band-aid" relief offered by the lender.... even if reconstructive surgery is indicated.... and instead dig in their heels, and stay on course for a meaningful loan modification.
The overwhelming majority of "short sighted" loan mods fail.
If you've been victimized, or worry about becoming victimized by a "so-called" loan modification service... visit Mods Gone Bad
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