In the last few years, outfits have popped up offering home owners "forensic loan audits." They say they'll review the homeowner's mortgage loan documents, establish whether the lender complied with federal and state laws and speed up the process of requesting a loan modification.
The truth is that even if the audit reveals errors in the loan documents, the process very rarely results in a loan modification or rescind.
Even worse, scammers often make false promises that they will secure a loan mod, principal reduction or have the loan rescinded. Then they just string homeowners along or simply disappear. Here's how to protect yourself:
Don't trust anyone who guarantees results.
Don't work with anyone who asks for an upfront fee.
Don't sign any contracts under time pressure and don't sign any you don't understand.
Don't stop paying your mortgage, even if they tell you to.
Don't give anyone your personal financial information, except an appropriate loan help organization.
RE/MAX Realty South real estate brokerages employ full time, highly productive, experienced and educated brokers focused on serving their real estate clients and communities at the highest possible level to create the best possible result...even in these rapidly changing times and uncertain economy. We provide accurate, detailed information, data and advice so that our clients make informed decisions. We're committed to life long relationships founded in integrity and mutual respect. We're here to help...at all stages in all situations.
This week I listed a rental home for rent in Yelm not realizing that t
"Bought a Single Family home in 2012 for approximately $200K in Puyallup, WA.
Being first-time homebuyers my wife and I didn't know what to expect. We are both very thankful that our first-time home buying experience was guided along by Dana. Everything was handled professionally with care and Dana's kind smile. We never felt rushed or pressured into any decision, we weren't just another client. We absolutely have recommended and do recommend Dana to our friends and family. Thank you Dana for being so patient with us and for making our first-time experience a pleasure."