It is very important to find legitimate professionals for loan modifications.
In the Bennington VT real estate market, there are not as many homes in financial peril, but they do exist. With loan delinquencies, defaults, and foreclosures it is important that home owners interested in modifying the terms of their mortgage should seek out a legitimate professional who has experience with loan modifications.
The process is much easier when the home owner is working with a licensed, qualified person and company
There is an ever increasing number of “companies” that are operating loan modification scams. Whatever the name they call themselves, “foreclosure prevention” or “rescue consultants”, “forensic loan auditors”, or any number of other titles. Some companies will falsely claim to be non-profits, to be affiliated with the federal and state governments.
Loan modifications are not possible for every homeowner, but scammers often falsely claim that they can guarantee to “negotiate” a successful loan modification.
A company that is attempting to scam you will almost always demand the payment of money up front.
Please choose a loan modification company wisely, and seek out referrals from other mortgage or real estate professionals who can direct you to a reputable company.