Comments on: They’re Baaaaaaaaack! Subprime Mortgage Lenders Morph Into Alleged Mortgage Modification Cheats

By: Hope Danko

Hope Danko — Wed, 22 Jul 2009 20:49:17 +0000

There are legitimate Loan Modification companies out there. You just need to do your research first. Be sure they offer you a money back guarantee, that your funds are deposited with a third-party trust, and that you review your contract completely with them.

By: Joshua Dorkin

Joshua Dorkin — Tue, 21 Jul 2009 17:52:46 +0000

I agree with you there, Jonathan.

BTW – Charles Feldman was the author, and as always, he does a great job of keeping it real!

By: Jonathan Rexford

Jonathan Rexford — Tue, 21 Jul 2009 17:06:47 +0000

Josh,

While I do agree with your statements, it is also swimming with the sharks when you call some of these workout departments. Owners are held hostage by Voice Mail and can take weeks for someone to get back. Loan Mods done right with proper negoations and Attorneys (in some states) can get the ball rolling.

Loan Mods are the new subprime for sure. I see it popping up everywhere.

And as far as calling HOPE NOW people. Forget it. They can’t even find a paper clip. They are so overwhelmed.

But great article as usual.

By: Joshua Dorkin

Joshua Dorkin — Tue, 21 Jul 2009 15:06:08 +0000

Anything a loan modification company can do, you can do for yourself for free. There are a lot of sharks swimming around, Charles; thanks for letting the readers know to watch out!