"I got an interesting email today asking about “loan modification companies.” These have sprung up like crabgrass in the midst of the foreclosure crisis, many of them run by former subprime mortgage brokers or real estate brokers who don’t have much work these days. "
"Mark Hanson, a mortgage expert with the Field Check Group warns, 'It is a disaster of space riddled with fraud…most are very shady being run by flunky mortgage brokers promising things like short refi’s and principal reductions they can never get.'"
Full article here:
http://www.cnbc.com/id/28775207
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