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Loan Modification

: Mortgage Lender Implode-o-Meter

Loan Modifications and the Right to Representation

By Implode-Explode Heavy Industries

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I understand that the president has provided generous funding to numerous nonprofits so that they can provide guidance to homeowners that are trying to obtain loan modifications. And I think that?s fine. Not everyone can afford to hire an expert to represent them in their negotiations with lenders or servicers, so in my view having a nonprofit alternative is a good thing. But surely not to the exclusion of private sector representation, right? He can?t mean that, can he?

Full post as published by Mortgage Lender Implode-o-Meter on May 19, 2009 (boomark / email).

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