Comments on: Beware of Advice from “Loan Mod Experts” http://norcalmortgagemods.com/2010/01/30/beware-of-advice-from-loan-mod-experts/ Surviving the mortgage mess Wed, 01 Feb 2012 04:19:22 -0800 hourly 1 http://wordpress.org/?v=3.1 By: Ron Stone http://norcalmortgagemods.com/2010/01/30/beware-of-advice-from-loan-mod-experts/comment-page-1/#comment-4427 Ron Stone Sun, 27 Jun 2010 21:02:18 +0000 http://norcalmortgagemods.com/?p=322#comment-4427 I also read that the IRS is jumping in the foreclosure game. I read that if a borrower that did a cash out refi, loses their home (whether they walk or not) they will get a nice big tax bill for any write off (income) from their lender. Man, people are getting hit from all sides. It's a war out there and the little guy is losing. I also read that the IRS is jumping in the foreclosure game. I read that if a borrower that did a cash out refi, loses their home (whether they walk or not) they will get a nice big tax bill for any write off (income) from their lender. Man, people are getting hit from all sides. It’s a war out there and the little guy is losing.

]]> By: William http://norcalmortgagemods.com/2010/01/30/beware-of-advice-from-loan-mod-experts/comment-page-1/#comment-4278 William Mon, 03 May 2010 16:16:24 +0000 http://norcalmortgagemods.com/?p=322#comment-4278 Bankruptcy is a big hurdle to jump so make sure to take a good look at your finances before taking the plunge! Bankruptcy is a big hurdle to jump so make sure to take a good look at your finances before taking the plunge!

]]> By: James Mucci http://norcalmortgagemods.com/2010/01/30/beware-of-advice-from-loan-mod-experts/comment-page-1/#comment-3963 James Mucci Sat, 03 Apr 2010 18:00:31 +0000 http://norcalmortgagemods.com/?p=322#comment-3963 I highly recomend talking with a real estate attorney, rather than someone who is a "loan mod expert". An attorney whom you have done business with, or know someone who has, will likely provide you the correct and best information. An attorney is going to be accountable for their actions, as opposed to someone who calls themself a loan mod expert. In fact the FDIC warns about the loan modification companies and that help should be free. James Mucci - <a href="http://michiganmortgageadvisor.com/michigan-refinancing-stages-of-the-loan-process/" rel="nofollow">Michigan Refinancing</A> Professional I highly recomend talking with a real estate attorney, rather than someone who is a “loan mod expert”. An attorney whom you have done business with, or know someone who has, will likely provide you the correct and best information. An attorney is going to be accountable for their actions, as opposed to someone who calls themself a loan mod expert.

In fact the FDIC warns about the loan modification companies and that help should be free.

James Mucci –
Michigan Refinancing Professional

]]>