In the past couple of years I have studied loan modifications and know how they work. We have had so many successful and some unsuccessful loan modifications for clients that I now have stats and figures on what lenders do, don't do, who qualifies and who does NOT qualify. The loan modification business is a tough one. A thankless job filled with so much anxiety, fear and panic. People do not know who to trust, what to do or what to believe. We have had a lot of success handling loan modifications but it has not been fun or easy.
Recently, I made a decision to no longer offer services of a loan modification company because over the last 2 years I have been through hell and back working with lenders who have made it so difficult for everyone who has tried to get a loan modification. It literally has been like pulling teeth with no local anesthesia. We have been challenged at every step of the way, on every turn and I have spent hours per day every day just protecting my integrity every time a news story came out about a loan modification company closing down or a client who came in telling me that the lender told them that we had never called them or did anything even after we have had our communication log and documentation to prove otherwise. At some point enough is enough, this is a fight that can't be won when you have lenders running to politicians whom they support and contribute to leading to changes in legislation.
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