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Who Does Home Loan Modifications?
Home Loan Modifications by INFORMATION BROKERS
Many websites out there that represent themselves as Loan Modification companies are not what they seem. These sites are very difficult to distinguish from those of an actual modification company. The information broker site will have the look and feel of a real modification company site. Do not be fooled. The majority of these websites are in existence only to gather valuable information - Your valuable information. The owners of these websites then sell your information to anyone willing to pay for it. The first most likely candidates will be unlicensed and unregistered "loan modification" companies. Your information will be sold up to 5 times within the first 48 hours of submission of your information.
Problems:
- Effectiveness - Information Brokers do not do modifications. They simply sell your information to a company unknown to you.
- Integrity - Information Brokers do not care if your modification is done or not. The information broker does not care if the company he sells your information to is legitimate or not. They do not care because it does not matter to them. They earned their money when they gathered your information and sold it. An information broker wants nothing more to do with you other then the continued selling of your information.
- Control - The homeowner has no choice regarding to whom or how often his information is sold. It will be sold again and again and again.
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*We do not sell your information.
PMC, My brother tells me you might be able to help my husband and I sort through getting our mortgage modified with Wells Fargo. I have been in a never ending loop with them for about 4 mths now and seem to be getting nowhere. He thought you might be able to be of some assistance maybe at least...Read more »
- Sheri
I am quite pleased so far with the attention, diligence and care your company, particularly Angie F., has given my mortgage files and the progress we have achieved up to this point. I have no hesitation in recommending you to others who are looking for a reputable company to assist them...Read more »
- John S
I was contacted by a representative of Principal Mitigation Corporation regarding a loan modification of my current mortgage. I was in a financial crisis that was unmanageable. I was at first apprehensive because I had been granted a modification the year before and was terribly...Read more »
- Patricia
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