Do you remember the old saying, “if it walks like a duck, looks like a duck, and quacks like a duck….it’s a duck!” Well, the same can be said for the so-called loan modification companies. For a while, about a year or two ago, the feds pretty much shut most of these scam artists down. Homeowners started to learn that if they needed to have real representation in regard to their lender, they need to find a lawyer in their area. However, it seems like most other types of insects and vermin, “loan modification” companies are starting to market their deceptive wares once more.

So how to you spot the scams. It’s not as hard as you might think. In fact, they are ALL scams! That’s how simple it is. Don’t listen to their sales pitch, instead, listen to your common sense instead. When they use terms like:

Attorney based or attorney backed or attorney driven….hang up! If they say they are “associated” with an attorney or law firm, HANG UP! If you need your loan restructured, and your bank is unwilling, your only option is to find a lawyer where you live.

If you think that the person you have been speaking with sounds “too nice” to be trying to cheat you, think again. They will ask you to pay them instead of the mortgage payment, they will tell you they have connections with your lender, they will have a beautiful website (almost as nice as the one my grandson made for the family…in other words….smoke and mirrors) and they will tell you about all the other mortgages they’ve modified.

Please take this advice from someone that’s been down this road. You need to meet with a Foreclosure Defense Attorney or a Bankruptcy Attorney to get real help with your mortgage.

You’ve been warned! Now it’s up to you to do the right thing!

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