I am trying to find out if real estate professionals offering to help homeowners with mortgage loan modifications have to be licensed or otherwise regulated by government requirements?
Do they really provide the same services provided for free from the government (saw this on tv news show tonight)?.
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Tags: Brokers, Government Requirements, License, Loan, Modification, Mortgage, Mortgage Brokers, Mortgage Loan Modification, Mortgage Services, Offering, Real Estate Professionals, Requirements, Services, States, Tv News
2 Responses to “What States Have License Requirements For Mortgage Brokers Offering Mortgage Loan Modification Services?”
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Filled Under: Mortgage Loan Modification
December 18th, 2009 at 2:27 am
They are all scams anyway. Anyone telling you otherwise is trying to con you themselves.
You can do this yourself, just ask your bank for the modification package.
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December 18th, 2009 at 3:09 am
Nope, they are unregulated, and the majority are scam artists.
Do NOT bother with them. You can call your lender and do your own legwork to get your loan modified. Most of these firms will promise you the moon and charge you a fee up front, only to leave you in the lurch.
Go to these discussion forums and see how others are working with their lenders etc:http://www.loansafe.org/forum
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