Avoiding Home Loan Modification Scams in Virginia
Although mortgage loan modification can be a powerful tool to help you get back on your feet, there are unfortunately some unscrupulous loan modification companies who would take advantage of those who need help. Here are some tips to help you avoid home loan modification scams in Virginia:
- If you are asked to pay huge fees up front, then there’s a good likelihood that it’s a scam.
- If you are “guaranteed” a certain interest rate or other terms for your home loan modification, realize that nothing can be guaranteed without first negotiating with your lender.
- If you are asked to sign over your deed or transfer ownership of your home to a third party, consider it a big “red flag” of a potential home loan modification scam.
- If you are asked to make your mortgage payments to anyone other than your lender, then there is a decent chance they intend to keep your payments for themselves.
If you are worried about foreclosure on your home or need help with mortgage loan modification in Virginia, reach out to an experienced and ethical Northern Virginia loan modification lawyer today. Call the Strong Law Firm at 1-877-344-8189 to schedule a completely free and confidential legal consultation to talk about your rights and options when it comes to stopping foreclosure and negotiating a loan modification that is appropriate for your situation. Don’t have time to call? Simply take a moment to fill out our convenient online contact form today, and we’ll get back to you as soon as possible.