According to the California Department of Real Estate, real estate and mortgage brokers are allowed to modify mortgage loans as long as their services are fully completed before they are paid. Loan Modification Outlet is an attorney backed mortgage relief service with partial refund options depending on how far along the individual is in the loan modification process to receive a refund.
- Carefully review the agreement and consider obtaining independent advice before signing it or advancing any fees.
- Compare the services and fees offered by other licensed brokers on the Department of Real Estate”s list.
- Do not pay anyone in advance if you have already received a Notice of Default from your mortgage lender.
- Check with local non-profits that help people modify their home loans without charging money upfront. See More California DRE tips >