How Mortgage Modification knowledge avoid foreclosure

Mortgage modification scams are everywhere in every state, especially now that more homeowners are hit by the housing crisis. But the government and major lenders have started taking steps to end them and make mortgage modification a safe choice for any borrower. As a homeowner faced with a dozen choices, the best thing you can do is weigh your options and understand how mortgage modification works. To help you get started, here are some signs of mortgage modification scams you should look out for.
Upfront charges
The government has banned upfront fees from all mortgage modification companies. According to industry guidelines, borrowers shouldn't have to pay a dime until the mortgage modification has been granted. Inquiries are normally free of charge; if you are asked for a deposit, simply say you're not interested and find another mortgage modification company.
Unrealistic promises
Mortgage modification works on a case-to-case basis, so there's no way a company can "guarantee" approval. If they make such promises, chances are they're just leading you on. A good mortgage modification company will first study your situation, determine whether a mortgage modification is right for you, and show you what your options are. The only promise they can make is to do their best to help.
Imaginary experts
Many mortgage modification firms will claim to have an in-house attorney or consultant who goes through all the cases. But if you don't get to see this person, more often than not, they don't really exist-or at least don't do what they claim to do. Make sure you're working directly with the person handling your mortgage modification. If they make any claims from their "mortgage modification expert," don't believe it at face value-ask to see the person or make sure it comes directly from your agent.
Online or phone transactions
A mortgage modification company that tries to do everything remotely is definitely a cause for concern. They must have a physical address you can visit before signing any mortgage modification contracts. You may be able to do an initial consultation online, but you shouldn't commit to anything without talking face-to-face with whoever's going to help you.
Absurd requests
Mortgage modification firms should never request your bank account information or any other personal data. Even when you've agreed to work with them, they can usually get the information they need directly from your bank. Show them photocopies of your mortgage documents if necessary; keep the originals to yourself and give them only to your lender when they ask for it.

Regards;
How Mortgage Modification