What should you watch out for in a loan modification company:
1) Large upfront fee charged - Many loan modification companies charge a huge fee to contact your lender, and if they don't succeed, will keep up to half of the fee. Look for a money back guarantee.
2) Fee collected with limited explanation or disclosure - If the loan modification is legitimate, they will thoroughly explain what services are being provided.
3) First proposal accepted - The loan modification comes back after 90 days with terms which the homeowner can still not afford.
4) Company credibility - With such a high demand for loan modifications, make sure that the loan modification company is a legitimate business and has a real office.
OC Short Sale Guys has partnered with a local law firm here in Orange County California which has 30 years of experience in helping clients with loan modifications, bankruptcies, and general loss mitigation services. They offer a free consultation to analyze the situation and along with OC Short Sale Guys, will do everything possible to work out a solution.
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