loan modifications: Loan Modifications--Unregulated Industry--Same Sub-prime Hustlers Striking again?
- 01/04/09 10:28 AM
I wanted to put this out there to the Active Rain community to see if we have another unregulated industry taking the already beaten down consumer to the cleaners along the path of foreclosure!-- The Loan Modifications Scam or Savior? This is a big buzz word in the real estate industry. We have many folks facing upside down loans with equities gone and loan amounts exceeding current values by hundreds of thousands of dollars. They are scared to death of loosign their homes and are being preyed upon by Loan Modifiers who collect "up-front" fees of thousands of dollars for a promise of "Loan Modification. … (2 comments)
I wanted to put this out there to the Active Rain community to see if we have another unregulated industry taking the already beaten down consumer to the cleaners along the path of foreclosure!-- The Loan Modifications Scam or Savior?
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