Loan Modifications for FREE ?


Reader's Question:

I understand that there are some non-profit organizations out there that suggest to homeowners that they can get a free loan modification through the use of their programs. Is that true?

Christian's Response:

Reader, yes - it's true but you get what you pay for. I don't know of any true professional that offers up their trade or craft for free.
A good mechanic won't repair your transmission for free. A well educated and respected surgeon won't operate on you for free.
Furthermore, what's their incentive? What do they have to gain? Why fight for you and go the extra mile? If your request is denied, (as approx. 80% currently are) what have they got to lose?
You offered them nothing, so they owe you nothing in return.