First come the radio spots, then TV commercials, then infomercials – the first indication that a new industry has been born from a changing economy. The housing crisis and woes faced by a plethora of borrowers about to lose their homes has begat the newest craze – Loan Modification Services.
Opportunity or Opportunistic?
We are now seeing a proliferation of firms that charge fees for what they promise will be quick results to negotiate with lenders to get affordable loan terms. Unfortunately, some less-than-ethical folks see this crisis as a way to scam desperate homeowners with false promises of modifying loans. In many cases, the firms take the homeowner’s money but never deliver the services promised.
Considering jumping onboard?
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