Drowning under your debt is a difficult time. Although there are many mortgage relief options available, many people find the process overwhelming. Even worse is that many people seek help from agencies only to find out the company they are working with is not operating professionally. Before you become a victim of a mortgage relief scam or foreclosure fraud, consider the following aspects of finding the right help with your mortgage debt.
The Best Of The Best
First, contact your lender directly to review your options. Many people have been able to successfully obtain a mortgage loan modification with their lender directly. By negotiating directly with your lender, you can be sure they deal you are getting is legitimate and fair. However, be sure to get a copy of the arrangement in writing and carefully review the terms and conditions of the deal.
If you find the mortgage loan modification process to be too difficult there are ways to ensure you find a legitimate company that offers professional services. When looking for a third party company to mediate your loan modification with your lender be sure to confirm the company:
- Does not charge upfront fees for services or offers a guaranteed rebate for fees if services are unsuccessful.
- Is licensed or accredited by the Better Business Bureau.
- Staffs only degreed or credentialed employees such as foreclosure attorneys, financial advisors or mortgage loan officers.