Homeowners Should Avoid Illegal Loan Modification Consultants

Here is yet another example of what happens with illegal loan modification “consultants” – they get sued by the Attorney General.

I have blogged about this before and my firm is still hearing from clients who tried to modify with a non-attorney consultant company. Often these companies are out-of-state and after they take your money, they disappear and don’t return calls. I have said it before – there is no such thing as a loan modification consultant. Homeowners should avoid anyone who calls himself a loan mod consultant. This means the person is unlicensed and may possibly be an unemployed real estate or mortgage broker trying to find a new way to earn a living in the real estate industry. Dealing with someone like this is high risk because they do not know the laws, cannot provide proper legal advice, and cannot represent homeowners in court.