This information is from personal experience so please be careful with working with your lender directly on trying to receive a loan mod. Although they claim that they will work with you, majority of them won't. They will make you submit the paper work to them and tell you that they are starting a loan modification on your file, when in reality the lenders aren't doing "JACK." It sounds harsh but it is true. The lenders feel like why would they work with you on a modification when it was "you" that fell behind on a payment or/and a year of payments. So they won't take you seriously? When most of them see that you are trying to seek help thru a 3rd party (i.e. Loan Mod Companys) 75% of them try their best to assist you with fulfilling your needs BUT in their own time frame.

I was that person trying to deal directly with my lender 3 times. Obviously that was not enough to convince my mortgage company that i was ready to fix my problem and become current. So yes i tried to hire not 1, not 2, not 3, But 4 freaking company's to work with me on getting a loan mod. The company's i've been trying to work with wasn't really successful at all. I almost gave up hope until i ran into a company that was willing to do the work 1st before taking a payment from me at all. I had to pray about and talk it over with my husband before i actually gave that company a try. it kinda took me almost a month to return their call and let them know that i was ready to move forward with them. Anyways in the end not only was i happy w/ the results i'm even happier that i wasnt ripped off like i was before. I got my payments lowered from being $1200.00 to $550 a month, INT rate went from 10.20% to 4.99%, from adj to fixed for the next 30 years. And whatever i was behind on my payments on went so far behind on my loan, so yes i'm super excited. Oh i almost forgot, the name of the company is called JK-Liberators Delinquent Mortgage & Debt Relief Program, www.jkliberators.org