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Avoiding Loan/ Mortgage Modification Fraud, Santa Clarita, Ca.

By
Real Estate Agent with Laura Coffey & Associates BRE #01410130

Avoiding Loan/Mortgage Modification Fraud, Santa Clarita, Ca.

Avoiding Mortgage Modication Fraud Santa Clarita, Ca.
Never pay anyone upfront to do a loan/ mortage modification for you.
Day in and day out I am constantly hearing stories in Santa Clarita and the surrounding areas about
loan/ mortgage mortification fraud. You can do a loan/mortgage modification through your mortgage companies yourself. You do not need to pay anyone to do it for you. If you do decide you need help, pay the person after they get you results. Keep in mind that most mortgage companies want you to become delinquent on your mortgage before they will do the modification.

With nearly 1 in 6 homeowners unable to pay their mortgages, understand that you are not alone.
Knowing your legitimate foreclosure-avoidance options is the best way to fight this terrible trend. The last thing struggling homeowners need is to be victimized by fraud. Sadly, some people are preying on those who need help the most. Today, the real estate industry is the newest, biggest target for predatory schemes. In fact, the U.S. Attorney General, Eric Holder, stated that mortgage fraud cases are 400 percent higher than they were five years ago.

For more information about avoiding loan/mortgage modification in Santa Clarita, Ca.

avoiding loan/mortage modification fraud Santa Clarita, Ca.

Comments (2)

Billi Evans
Murney Associates - Springfield, MO

Isn't it sad that when people are down, there will always be people ready to prey on them and take advantage of the situation. 

May 31, 2010 06:36 AM
Anonymous
Mortgage-Mod-Monster.com

Between the Foreclosuregate scandal being taken up by the 50 state's Attorney's General and the new MARS Rule by the FTC, it is apparent that mortgage negotiations and a court foreclosure defense must be a do-it-yourself project.

Fortunately, a tool exists to do just that. The REST Report uses bank software to calculate an unbiased Net Present Value and recommend mortgage modification or short sale. The new version will incorporate the guidelines for the new Principal Reduction Alternative of HAMP. By submitting the REST Report along with other supporting documents, the homeowner is assured of good faith negotiations by their mortgage investor. The issue of MERS is moot because a human must respond in court to a foreclosure action. The REST Report has been welcomed by every single foreclosure judge who has ruled on it.
 
Click for Information on the <a href="http://mortgage-monster.com/do-it-yourself-mortgage-modification">Do it Yourself Mortgage Modification</a>

Dec 04, 2010 02:38 AM
#2