Loan Modification Warnings: SCAMMERS

Yesterday, I encountered news on how everyone is relying on loan modification tips right now in order to stop foreclosure. Then I realized that this was a sign of the times. The economic recession that our country is facing is truly horrifying. But is something that is isolated? We all know that the system has to change somehow. But right now, we are just seeing some reform bills from the government; I am yet to see some radical change. And when I say radical change, I mean one that many will oppose because most true radical change always go down that way.

This makes me think of how the capitalist society of our functions. It also makes me think about the ugly side of human nature. I read that a lot of scammers are taking advantage of the economic depression. Imagine, these vermin come out of hiding because they see the opportunity for free meals in the expense of the desperate victims. Think about it this way during and after a calamity that kills a lot of animals, it is always the scavengers that are the winners.

WARNING to everyone looking for LOAN MODIFICATION
There are so many scam artists out there who smell the blood in the water after the ship called the U.S. economy was sunk.

How to SPOT SCAMMERS
Do not be fooled. One can do a loan modification by your self. It will be difficult though and a whole lot of research is necessary. But if you seek the help of a professional, be wary of outrageous claims. There are even those approved non profit organizations that are geared towards profit. Remember that those wanting upfront fees for loan modification guidance and processing is a sham. Always be vigilant and check for nearly impossible claims such as promising 100 successful modification or a lowering in the principal balance of the loan (this does happen but only rarely in special situations).