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Friday, March 5, 2010

Stay In Close Contact With Your Loan Mod Company

If you are getting a loan mod, let your loan modification company know if you get a notice from your lender telling you to stop paying your mortgage while applying for a loan mod. The lender could still be moving forward with foreclosure measures without you realizing it.

One person lost a home that had been in her family for generations when she could have borrowed funds from other family members to bring the mortgage current, while getting a loan mod.

Don't be the next victim of predatory lenders.

Wells Fargo appears to be the company most often associated with this, but it is not the only bank.

Protect yourself and stay in close contact with your loan mod company.

1 comment:

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