If you are like millions of Americans facing foreclosure and seeking help, please take a moment to get the facts on the innumerable scams popping up everywhere! This is undoubtedly a very frightening and stressful time for homeowners and the sad fact is, that is exactly what causes scam artists to get rich! When we are overstressed, in a panic, desperately seeking help at every turn, we become vulnerable to the sharks! Don't be their next meal ticket! Take a deep breath; we can keep the sharks away by understanding how these home loan modifications plans are supposed to work.
The most important thing you should know if you are looking for a home loan modification plan is that THEY ARE FREE! President Obama's home stimulus package includes a "Home Affordable Plan" that is free if you qualify. Don't be fooled into paying up front costs or processing fees!
It can seem overwhelming at first, even a bit daunting to most of us. The Scam artists/sharks, count on the fact that we want someone else to have the expertise, the experience and the ability to do it for us. That is where they get you! You pay them an upfront fee to take care of everything so you have nothing to worry about right? WRONG! A company in California claimed to have a success rate of 95%. They also claimed that an attorney would work on your case, and that your home would be saved. That was their claim, but the reality is a harsh pill to swallow! In a mere 11 month span this shark took in 12 million dollars, and never even had an attorney look at the paperwork. Albeit they did have a few loan modifications completed, the majority (which is thousands and thousands of homeowners) never even received a call back after paying the upfront fees! Rest assured the FBI is investigating and has take action by seizing these particular companies' assets!
The only protection you have against becoming a victim of these and other circling sharks is to be prepared and well informed! It means taking matters into your own hands; it means doing your homework, and getting the facts. This is your home, your security, your future, it is up to you to step up and do what it takes! Of course, the federal government and the state agencies are shutting down the sharks, but it will take time to stop them all. It's easier than you think to get the information and work directly with your lender. The end result could be a lower interest rate, as low as 2% for up to 40 years, which means a lower monthly payment also. The rewards and security these home loan modification plans offer are well worth taking a few moments, doing your homework and taking the first steps!
To save your home, mortgagemodificationloan.org click here to learn how to qualify for Obama's mortgagemodificationloan.org mortgage modification loan plan.
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