Distressed Homeowners Don"t Get Scammed
Beware of organizations offering 'Forensic Loan Audits". They are targeting struggling home owners looking for loan modifications. These companies link them selves to attorneys and auditor organizations charging upfront fee's of $3,000. promising to get a quick loan modification or a reduction on your mortgage. If you are approached by ANYONE making these promises and they want money upfront, RUN..... they are out to scam you!
- Your lender is the only one who can modify your loan.
- Your lender does not charge for a modification
- Modifications if they do happen DO NOT happen over night. It could take 6-12+ months.
- Most modification are unsuccessful because it's cheaper for the bank to foreclose than to modify the loan.
There are legitimate counselors out there that will help you and they do not charge. You can go to Making Home Affordable website to get more information. There is also call the Homeowners HOPE Hotline 888-995-HOPE were a HUD-approved housing counselors will help you understand your options and design a plan to suit your individual situation. And there is no cost to you for this valuable service.
Looking for information on real estate in Prince William County, Manassas or Manassas Park check out www.PrinceWilliamCountyHomeInfo.com
Whether you are a first time buyer or an experienced investor, you will find useful information about how to choose the "right" property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in today´s market.