Loan Modification Scams On The Rise

I am hearing of so many loan  modification companies including attorney based modification companies who are being shut down right now.  Regulators are really dropping the hammer on these groups for deception and outright fraud.  Being in the business I am seeing several groups that I know of locally who built big shops, staffed up, found a couple attorneys to make em legit and  now they’re either being seized by the feds or business has slowed to a crawl forcing them to shut their doors.  The math is simple, loan mods are hard and take a lot of time to complete properly.  When effective marketing generates big supply huge staff is needed to negotiate all these loans.  You cant simply take borrower paperwork and turn it in and wait for an answer.  Each mod is different and each lender is different.  All my mods require several calls to the borrower as well as the lender.  There’s no way to simplify the process.  When groups offer money back guarantees and lack staff at the same time, something has to give and that’s where the fraud comes in.  Mods don’t get submitted and pile up.  Be serious do you really think theres refund money?  It’s gone to suport giant offices with seas of cubicles and staff.  First the staff goes then the mods start piling up, then the doors shut.  I have several clients who have been taken for more than $3000.  When they call their lender to check status, nothing has been turned in.  Hopefully the feds will keep on their blood thirsty warpath.  It makes us all look bad. Do it yourself loan modification and stay away from fraudsters.  www.goproloanmod.com and download my free book.