Do It Yourself Loan Modification
By Vic Steele, Broker/Consultant
(Vic Steele, Broker CA DRE 01349863)
I'm a Do-It-Yourself kind of guy and I am always looking for ways to save you money. I believe I have a great DIY idea that will save you a lot of money now and every month for as long as you own your home. A Loan Modification is a service, just like painting your house is a service. Some of you revel in doing your own painting. Many of you, like me, would rather pay someone else to paint. There are a lot of projects I enjoy doing myself, but painting is not one of them. I will happily pay someone else to paint my house. I picked painting as my analogy because the cost is similar. I currently contract with the professional negotiators at the most successful company I know of to do loan modifications. They charge $2850 to modify one loan and $3850 if there are two loans. (The last paint ...
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