I'm looking for a few struggling borrowers who have been contacted by people offering services - for a fee - to help modify your loan.
Since the beginning of this foreclosure crisis it's the offers of "help" that have really confused borrowers. So many questions: Do you need an attorney, or a loan modification consultant who charges $3,000? Do they get the job done? Can you get the same from a nonprofit - for free - like Neighborworks?
I am starting a story this morning on this outbreak of private loan modification consulting. Hopefully, we can get a grip on it with a story and offer some advice. I know some are legitimate. But the state Department of Real Estate says there's a lot of predators out there.
If you're a borrower who is confused or has had some experience along these lines I'd like to talk with you for this story. Please contact me at 916-321-1102 or send an email to
Meanwhile, here is a helpful recent blog item from local real estate broker Gena Riede, warning Sacramentans about loan modfication scams. It has several good links, including this one to a report from FOX11 TV in Los Angeles on loan modfiication scams.