How Do You Avoid Loan Mod Scams, Fraud, Ripoffs?
My office has been getting calls from concerned homeowners who feel lied to, tricked, scammed, or defrauded by loan modification companies. Here are some basic things to look for to avoid being a victim. Make Sure To Exercise Some Common Sense. If something sounds too good to be true it probably is. Don’t be lured by false claims and assertions such as “we get principal balance reductions for all of our clients.” Or, “everyone qualifies for a loan mod.” These claims are simply too good to be true. Trust your gut instincts. If you go to the office of a loan modification company and it looks like they could flee town on a moments notice, do not hire them. Ask alot of questions and get references. Do not assume that a fancy website or slick sales talk means that the loan modification company is legitimate. Do you homework. You are trying to save your home after all.
