E. Vernon Small

HOMEOWNER'S GURU: MORTGAGE MODIFICATION SCAMS

 

By E. Vernon Small

March 12, 2013 (San Diego) – If you are a struggling homeowner, you have undoubtedly been approached by companies that claim they will reduce your mortgage payments and/or your mortgage balance by negotiating a ‘loan modification’ with your current mortgage lender.  All of these companies claim to be reputable and licensed, and many even operate as attorneys.  They typically charge $1500 or more to handle this process, and most offer payment plans.