Times are tough and there are a lot of scammers out there promising loan modifications and lower monthly payments – for a fee. If these offers seem to good to be true – chances are it’s a scam. In fact, it is illegal to charge homeowners upfront for a loan modification.
Your best bet to avoid getting ripped off is to make sure you are using a licensed Realtor. You can verify that a person is licensed by visiting The California Department of Real Estate. You can also see if the agent has any disciplinary action against them.
If you have been turned down for a loan modification, a short sale may be an option to consider. Give The Hagley Group a call at (925) 867-4663 for a free consultation. California Department of Real Estate License# 01507156