Loan Modification Pros: Loan Modification Scams, Washington

Loan Modification Scams, Washington

oan Modification Scams in Washington! Avoid Loan Modification Fraud!

Loan modification scams and loan modification fraud now plague an industry attempting to help Washington homeowners avoid foreclosure and acquire a secure home loan modification. Thousands of Washington homeowners are now seeking relief from the expanding foreclosure crisis, with many being taken advantage of by loan modification scams. In order to avoid such fraud, real estate experts agree that homeowners should pursue all available options to them, including free services and information offered by licensed and valid servicers.

Amidst the booming loan modification requests, and with loan modification fraud becoming a substantial threat to homeowners facing foreclosure and other hardships, borrowers often don't know where to turn. However, there are reliable and trusted companies now offering a free loan modification evaluation, home loan information, and mortgage loan services aimed at helping homeowners save their home, reach their financial goal, and do so while avoiding loan modification scams and fraud.




Numerous Washington state residents have fallen victim to the mounting housing market crisis, with the majority of these homeowners undergoing hardships, including medical bills, divorce, loss of job, and unaffordable home loans.  Avoiding loan modification scams should be the least of these borrowers' troubles.   However, with a rise of dishonest and fraudulent operations, as well as increasing mortgage loan modification fraud, many homeowners do not know where to turn!  [MSNBC, 5/28/2009]

Unfair or deceptive loan modification scams have plagued the mortgage industry, and deterred countless homeowners from seeking help.  In lieu of such scandalous practices, the Federal Trade Commission is contemplating whether it should ban such for-profit companies from charging fees in advance of loan modifications and helping homeowners avoid foreclosure. 

Federal and state government and the private sector are now targeting loan modification scams and foreclosure rescue fraud, which will allow for reputable loan modification companies to assist those who need it.  While not every loan is fixable, the majority of homeowners can indeed find options to greatly improve their financial situation.

Options include interest rate reduction, foreclosure prevention, or acquiring a more affordable payment, as well as converting high variable rates to low fixed rates.  Moreover, borrowers who found themselves in a worse position after refinancing or loan modification may be refunded the excessive fees charged by unscrupulous lenders and mortgage companies. 

Free information and evaluation is available online, and in just a few seconds you can confirm whether or not you qualify for the Obama plan.

Most Washington homeowners now qualify for hundreds of dollars in monthly savings with a loan modification under the Obama administration's "Making Home Affordable" plan. Thanks to the HAMP program, a homeowner's mortgage payment cannot exceed 31% of their gross income, and because most home loans exceed 31%, the majority of borrowers are eligible for assistance.

Washington homeowners facing foreclosure, or about to be, should immediately begin exploring all the options available to them.


Free Washington Loan Modification Evaluation
Loan Modification Fraud in Washington

Comment balloon 0 • July 23 2009 01:45AM