If you’re stuck with a sub-prime mortgage and those house payments are getting tougher to make, you might be tempted by a new kind of financial company that promises to help.
Be careful. Some of these so-called “loan modification” firms are racking up complaints from homeowners who say they got nothing for their money.
The law speaks for itself. Every state has their own regulations of how loan modification companies can operate.
ModFraud.org has compiled a list of Loan Modification laws by state. This can be viewed at http://www.modfraud.org/loan-modification-laws-by-state/.
This article deals with ethics during the foreclosure and loan modification situations that are popping up everywhere in American. Here are the key bullet points, but we encourage you to read the entire article at the end of this post.
The alert goes on to list a series of ethics rules prohibiting lawyers from:
Loan modifications are a great way to make your mortgage affordable again. Unfortunately, the scam artists are coming out and victimizing America’s homeowners.
April 30, 2009 7:05 pm | 
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