Federal Loan Modification California-based $2,999 retainer?
I am considering giving 2,999 dollars to federal loan modification program (based in Cali) to help me negotiate with my lender.
1. Is this a good company?
2. How much will they help?
3. They have said that they have a 99% success rate in helping people lower theire mortgage payments. Is this true?
4. What if they take my money even if they do not help??
5. Can you recommend any other company?
Thank you
Loan Modification vs Refinancing
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Comments
That is true. It does range from $1,500 to $3,500 but there are different levels of service.
The one I work with has a walking package with one-on one Attorney consultation, CPA, forensic loan document review and modification, possible reduction in principal and it’s all in writing. As far as refunds everything but approximately $300..It’s all known upfront and legit. No hard selling to client just to the lender. There is a form on the site below to get started. No multiple selling of your information.
Bill
Well I would have to say it is impossible to be a 99% success rate in any business especially loan modifications. My name is Elliot Stevens my company is The Loan Modification Group our website is. I would be more then happy to answer any of your questions or concerns.
Kind Regards,
Elliot–
I do loan modifications. The prices I see are anywhere from $1500 to $3500 start to finish. I don’t know of this company, but just know that they are not part of any federal government.
Although you can do a loan modification on your own, I do recommend you use an attorney driven program where an attorney reviews your paperwork and request a loan modification on your behalf.
The program I am involved with keeps a thousand dollars and returns the rest if they are not able to do a loan modification. However, that is only in cases where there was absolutely no deal negotiated. If they lower your payments even by $50 dollars a month, they consider it a successful loan modification even though you are not happy with the outcome.
Good luck to you