Promises, Promises, Promises........

It seems to me that one of the problems that loan modification companies are having is that there staff is making promises that they just can't deliver. The fact that ANY modification company would ever assure their customers that they were going to get a specific rate, or a specific payment is just crazy, and they are flat out lying to their clients. The reality is that it is, and has always been the lenders (investors) decision to modify the terms of a mortgage, and what those modifications are. There are guidelines that have been set forth in the HAMP program, but they are GUIDELINES, not gospel. The program is utilized on a voluntary basis. At PMC, our staff does not makes promises, we make it very clear to our clients that it is in fact the lenders game, but we are very good at playing it. So......buyer beware! People need to know that there are a ton of scams out there, and the FTC is working with individual states to get these companies and bring them to justice. They also need to know that not all modification companies are alike. PMC goes above and beyond the requirements by offering: the ability to cancel your agreement at any time before we've completed, no up front fees, very small application fee and more than reasonable cancellation fees. PMC is constantly working with quality licensed agents in 46 states to make sure that your modification needs are being overseen. Unlike other companies, we stay in contact with you every step of the way, and reserve the right to pull your file from our agent at any time should they not be doing what they are supposed to be doing. It's hard knowing who to trust. Don't think that you're alone, PMC is committed to exposing fraudulent modification companies, and having strict oversight on all of our agents to ensure our success, and our clients. No promises or smoke and mirrors, just good business.