Sunday, November 29, 2009

Modification Blues

There are a lot of misconceptions about getting a mortgage modification under Obama's plan or a attorney. Many lenders end up refering their clients to attorney's to save them money, or just simply by having basic customer service people help the underwriters - wait times are 40 hours plus per mod!


Service's like mine which already have a loan processor and attorney's working on your behalf instead of the banks typically see greater rate reductions and lower payments due to the established relationship we have with the banks.


I see a lot of people come to me after they've failed for whatever reason at doing their own modification. Your lender will offer you a modification, the true question is did you get a good deal. The banks first offer is always there to save them the most money possible in the long run. We ensure you can have a good deal on your modification without the hassle and prospect of failing at your own! Don't try to modify on your own.

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