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Real Estate & Property Law

: The Home Equity Theft Reporter

Loan Modification Firms Beginning To Find Themselves In The Crosshairs Of Various Groups

By r morris

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The Washington Post reports: A growing industry has emerged to take advantage of the unprecedented wave of foreclosures, charging distressed homeowners for help negotiating better loan terms -- a service provided for free or for a nominal fee by many nonprofits.Such companies charge $500 to $2,500 or more and are drawing the ire of consumer advocates, regulators and lenders, who say many are just

Full post as published by The Home Equity Theft Reporter on December 29, 2008 (boomark / email).

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