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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] As usual you just about hit the nail on the head. Posted by Tom on July 16, 2008 at 6:37 AM In Reply to: ...Use the services of a professional loan modifier posted by Rick, the Probate Guy on July 15, 2008 at 10:26 PM I wholeheartedly agree with you. I suspect, as CC mentioned in a follow-up post, that the vast majority are unemployed mortgage brokers looking for a new way to make a buck. Being a former mortgage broker isn't in itself bad, as I'm sure they were many hard working honest mortgage brokers such as CC. My concern are the ones that are not, as every field has ethically challenged people. The problem lies, as it does with any professional, is that you don't know their qualifications, integrity or ethics. I suspect few if any ever completed an actual foreclosure, D-I-L, or short sale, which would be most helpful given their new line of work. You can't learn by reading a few books by authors who may know little more than their readers or by attending a seminar. If one feels that you must go this route, I would highly recommend an initial free consultation with several before choosing one. Hiring the first one you come across makes about as much sense as hiring your newly licensed RE agent neighbor to sell your house, and I certainly wouldn't base my decision on one post here or any other board no matter how glowing the praise. I have empathy for honest well qualified consultants getting ripped over by consumers, but unfortunately there are many scam artists who have been attracted to the field. Two years from now business will dry up and these consultants will move on to something else. Follow Ups: Re: As usual you just about hit the nail on the head. Rick, the Probate Guy 7:31 AM, 07/16/08 (1) What makes a competent loan modifier? CC in OC 7:48 AM, 07/16/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I wholeheartedly agree with you. I suspect, as CC mentioned in a follow-up post, that the vast majority are unemployed mortgage brokers looking for a new way to make a buck. Being a former mortgage broker isn't in itself bad, as I'm sure they were many hard working honest mortgage brokers such as CC. My concern are the ones that are not, as every field has ethically challenged people. The problem lies, as it does with any professional, is that you don't know their qualifications, integrity or ethics. I suspect few if any ever completed an actual foreclosure, D-I-L, or short sale, which would be most helpful given their new line of work. You can't learn by reading a few books by authors who may know little more than their readers or by attending a seminar. If one feels that you must go this route, I would highly recommend an initial free consultation with several before choosing one. Hiring the first one you come across makes about as much sense as hiring your newly licensed RE agent neighbor to sell your house, and I certainly wouldn't base my decision on one post here or any other board no matter how glowing the praise. : I have empathy for honest well qualified consultants getting ripped over by consumers, but unfortunately there are many scam artists who have been attracted to the field. Two years from now business will dry up and these consultants will move on to something else. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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