Senin, 08 Februari 2010

Loan Modification Scams

Loan Modification Scams

There are literally hundreds of thousands of loan modification scams in the United States. In fact, many scamsters are exploiting this need of loan modification of people and charge them thousands of dollars by assuring that they will do a loan modification for them.

However, FBI has warned that, beware of loan modification scams.

“According to the Justice Department, San Joaquin Valley has been a hotbed for loan modification scams, as cities like Stockton, Modesto and Merced top the foreclosure rankings among cities nationwide.

Most of these scams ask homeowners for an upfront fee in order to start a loan modification program. At best, the homeowners may end up paying for work that is completed by the group asking for the money, however, it's work that likely could have been done for free through other non-profit organizations or loan-modification assistance programs (i.e. Community Housing Council, a non-profit based in Fresno). At worst, the homeowners pay for work that isn't done at all.”

Now, the question is that, How to protect yourself from the loan modification scams? Well, the simplest way to protect your self from such kind of scams is that, Do it yourself. Yes, Do it yourself. Because this is the one and only way to protect yourself from the scams.

Now, you will ask me that how Can I do a loan modification myself? I don’t know anything about it. Well, just few years back, California based Mike Rockwood has worked hard for 6 months to find out all the detailed procedures about the loan modification to save his 5 California based properties.

And he finally managed to save all of his 5 properties by loan modification by himself. And he has developed a 60-Minute Loan Modification PDF Workbook which you can download instantly. You don’t need to do any hard work. Everything is in his PDF Work book. All the documents required and everything else is in his workbook. So once you download his workbook, you will be able to go for this complex procedure by yourself. You will not require any agent.

And not only this bit Mike’s strategies can be applied in any state of USA with any Banker. Thus, do it yourself and protect yourself from the loan modification scams.

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