Home Loan Modification Tips

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As the recession continues to take its toll, it is not uncommon for many home owners to try to renegotiate the terms of their loans. The main federal agencies responsible for regulating the loan modification and foreclosure alternative industry are the Treasury Department and Federal Trade Commission. The Treasury and FTC are now in collaboration with the Consumer Financial Protection Bureau to inform homeowners about realistic modification alternatives and how to spot scams.

Sadly, there have been many so-called home loan relief companies that have preyed upon unsuspecting and ignorant home owners. Here are some tips issued by the Consumer Financial Protection Bureau, the Treasury and FTC...

Please see full article below for more information.

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Published In: Antitrust & Trade Regulation Updates, General Business Updates, Consumer Protection Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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