whats the best way to get a loan modification, deal direct with my mortgage lender or obtain a attorney.?

Deal Score0

AIG is still offering sub-prime 2nd mortgages? Really?

Found while doing google searches for real estate hijinks.

Shouldn’t they stop doing this? Shit, we’re all 80% owners in it, right?! We should be able to direct them to non-stupid loans.

7 Comments
  1. Reply
    bud68
    February 11, 2011 at 6:19 pm

    Deal direct.

  2. Reply
    Theandysullivan
    February 11, 2011 at 6:48 pm

    I dont really see any need to get an attorney for that kind of transaction. Of course you should be wary of anything fishy. But, you wont run into any problems. Mortgage officers are so regulated now.

  3. Reply
    Sarah
    February 11, 2011 at 7:17 pm

    Since the passing of the recent stimulus package all mortgage companies have to make applying for a refinance available to everyone in need. The application can often be retrieved from your bank’s web address or by calling them directly.

  4. Reply
    Mike
    February 11, 2011 at 8:05 pm

    If you have been the victim of predatory lending, then hire a lawyer. Otherwise, if you feel comfortable on the phone and with basic numbers, you are better off saving your money and applying directly. Loan modification kits can be helpful for this, search google for “complete loan modification kit” there are some useful kits.

  5. Reply
    Kunjan
    February 11, 2011 at 8:13 pm

    I think there is no point in going towards attorney for your loan modification need. If you require any help or advice regarding Loan modification program go through over this link.
    http://www.usloanz.com/loan-modification.php

    Hope it might help you to resolve your doubts.

  6. Reply
    Sijo M
    February 11, 2011 at 8:14 pm

    The best thing is to deal direct and if you need any information contact counselors approved by the U.S. Dept. of Housing and Urban Development (HUD). These non-profit group offers free financial counseling and will help you to know the payment methods.

  7. Reply
    Philip Fibiger
    February 11, 2011 at 8:44 pm

    Different "prime." This ad is actually referring to the interest rate, as opposed to the "quality" of the borrowers. This sounds like it might be regular old home equity loans..of course, you’d have to actually have equity in your home to get one, which fewer and fewer people have 🙂

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