Loan Mod-Options

All loan modification options are NOT created equal.

You basically have 5 options.

1. Do it yourself.

2. Do it with a free loan councilor that your lender payed for to help them collect a debt.

3. Hire a 3rd party processing company.

4. Hire an “attorney based” processing company.

5. Hire an attorney, who will have someone process the file.

5.1 Have your attorney¬† or “attorney based” processing company do a forensic loan audit.

Another option that I don’t consider as an option -Have your attorney sue your lender and request a Loan rescission. In my opinion this should only be done in cases where serious preditory lending was involved.