Thinking of negotiating a loan modification on your own?
STOP! Before you venture forth into the land of 45 minute holds, 9 digit extensions and dropped calls, I encourage you to grab a seat and watch the following video.
Congresswoman Maxine Waters spent hours on end testing the loan modification approval process with "Bank of America" and "Indymac" only to be placed on hold, misdirected and told to complete an online application before any definitive information could be provided. To make matters worse, the people on the other end knew they were talking to a member of Congress and still proceeded to place her on hold. At one point she was given an extension that didnt work and in the end nothing was done to resolve the problem for any one of her constituants.
THE MORAL OF THE STORY?: You only get one chance at a loan modification. Make it count! Have your loan documents evaluated for predatory lending practices and mortgage fraud before hiring a professional to negotiate on your behalf. If you've already been served with foreclosure papers, hire an attorney that specializes in foreclosure defense to represent you in stopping the foreclosure.
For more information on how our FMA (Forensic Mortgage Audit) program and loan modification processing services can help you to be more effective in your fight to save homes, or if you or someone you know is a victim of Predatory Lending and/or Mortgage Fraud, please call NAFMA TODAY: (888) 201-8608. You can also email us at help@nafmainc.org
