There are quite a few people who are searching for more information about Loan Modifications – what are they, how do they work, can you do them yourself, etc. I know this because we have a tracking program that tells us how people find our blog.
So I thought I would take some time to cover just a few of the questions that people seem to have based on what they searched on and found our blog.
“You don’t need an attorney for loan mods”
Correct. You can get your loan modified on your own and in fact, many people are. My best advice is to first try to get your lender to work with you and modify your loan on your own – but don’t be afraid to hire someone who is a loan modification attorney to help you if you run into trouble.
“Phoenix mortgage modification attorney”
Many people are looking for help with getting a loan modification done – and I recommend talking with someone who is *not* a loan modification attorney who the best ones are. We have compiled a free list of loan modification attorneys both in Phoenix and nationally. Remember, you don’t have to hire someone local to help you with your loan modification, they can be anywhere in the US (or at least I am pretty sure they can…)
“Hope 4 loan modifications”
My personal favorite — this appears to be a mashup of the Hope for Homeowners term and the Loan Modification term. The simple truth is that they are not that far apart in meaning — but there are thousands, maybe even hundreds of thousands or millions of people getting a loan modification done… and there are maybe a few hundred people in the entire US who are participating in the Hope for Homeowners program.
“Modifying arizona mortgage”
Also variations of: modified loan program in arizona, loan modification rules in arizona, loan modification program arizona, arizona loan modifications, phoenix az loan modifications, loan modification in az and a few hundred other terms that are very close to these.
Remember: we don’t actually do loan modifications and we don’t help people “get their loans modified”. But becuase we talk to so many people who can benefit from getting a loan modification, it just seems to keep coming up as a topic.
Are there people searching for more information on Loan Modifications?
You bet there are.
Lot’s of ‘em!
Learn How To Get Your Loan Modified On Your Own Without The Help Of An Attorney!
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Is there any state agency that regulates the loan modification industry in AZ?
Can a modification company charge up front fee’s? I know an attorney can, but I don’t think the people I’ve been talking to are attorneys.
I thank you so much
@David,
Thanks for stopping by and leaving a comment!
I am guessing that the “loan modification industry” regulatory body is either the AZ Department of Financial Institutions and/or the AZ Attorney Generals office, but I am not 100% sure.
Because I am not a lawyer – and not all that experienced about what can and can’t be done with regards to charging people… I will have to say “I don’t know – and I am probably not even the one to go scout out an answer!”
What I will say though is that you are wise to be doing your homework up front before giving anyone who claims that they can help you modify your loan money.
Certainly, you can also contact the AG’s office and the DFI directly and they will probably give you the “best/most correct” answer — and feel free to share it with us when you learn it.
Here is an example of what they are doing in other states with regards to regulating these organizations:
http://www.denverpost.com/search/ci_11257786
Justin
Hi Justin and Tammy,
I am a Realtor who specializes in short sales. I am networking with mortgage professionals who do loan modifications. If you are looking to network with a short sale Realtor who can step in to help clients from avoiding foreclosure after you determine that you cannot do the loan mod, I would love to work with you. I can be reached at 602-513-9773.
Thank you for your time and consideration!
Suzanne Martin
Sonoran Mountain Realty
602-513-9773
@ Suzanne,
Thanks for stopping by! We will be sure to pass your name along when the opportunity arises.
Justin
The initiative taken for the concern is very serious and need an attention of every one. This is the concern which exists in the society and needs to be eliminated from the society as soon as possible. The people are loosing their moral while becoming modern. The society needs to be attentive that moral value. Well, it shocking and needed and immediate attention to short out at
the earlier
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