Wednesday, June 27, 2012

Reports Of Mortgage Modification Rip-Offs Increasing

Washington attorney general sees uptick in complaints

By Mark Huffman,

Five years into the foreclosure crisis there is no end in sight. After a pause for a now completed settlement with the mortgage industry, the pace of foreclosures is picking up again.

Many homeowners have attempted to negotiate mortgage modifications with their lenders in an effort to keep their homes, but have become frustrated with the process. That's when many turn to a third-party mortgage modification consultant.

"Because I was behind in my mortgage and facing foreclosure, I contacted Britt Processing," Chris, of Reading, Pa., wrote in a ConsumerAffairs post. "They told they work with Wells Fargo as well with many other banks. They guaranteed me they could get me a modification and save my home for me. They told me not to pay my mortgage for two months, instead send them $ 1000.00 a month to get this done."

Read the entire article here.

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