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Yesterday I called my lender to inquire about a loan modification. I asked if I can hire a loan modification company to work with my request. The representative told me that they have a list of accredited companies that I may choose from to hasten the process. I asked if they provide it for free. He said that it would cost as much as or lower than most companies charge the only difference is that I will be in their priority list if I will use the service of those accredited ones. Is this a normal procedure?
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- If you want to make sure that you get the best possible results, the loan modification company that you should work with must be a company that is not in any way associated with your bank. The loan modification company should be working for you and not the bank.
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