Home Loan Modification: Separating the Myths from the Facts

Home loan modification--it's a hot topic, and these days, everyone seems to be an expert on it. Sadly, most of bloggers and journalists who are now "experts" in the home loan modification field since Obama passed the American Recovery and Reinvestment Act of 2009 are just bottom feeders in the latest financial buzzword. Home loan modification is nothing new. I've specialized in Loss Mitigation and Mortgage Banking for over 25 years. Home loan modification happened long before the downturn in the economy. However, the need for it is more prevalent than ever. People simply don't have the money or time to invest in the costly fees of an attorney or specialist that charges $3,000-$4,000 dollars a pop to negotiate the deal. If you had

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