Source Yahoo Answers “Punks”:

I got a call from someone call Florida home owners alliance.. and they said they will help me out with the Loan Modification and provide me a free consultation with one of their property counselors without any kind of upfront fee/ cost……. Including they will show me the best option for a loan workout and reduce my monthly payment to a much affordable one.

But the question here is that for the past 3 years, i have been circling around with my mortgage company (ASC) and everytime they send me some paper work to fill up application, back and forth.. its been taking a hell lot a time 3 years no answers or solutions.. called them up but i don’t get any assistance and i am really afraid that they will soon come after me and i will loose out my home in foreclosure and ruin my credit score. I have seen the govt. assistance program helping for loan workout.. but i think they have lots of people or homeowners to deal with that they will over look my situation.. So im just finger crossing if this helps me this time for a quick solution and process.. If anyone has got calls or records on them being forgery, please notify at the earliest.. i have checked in the website but found no such kind of them being scam artist or any reports of them.. so i will be giving it a try for the consultation cause im not loosing anything.. does mofication company really speeds up the process… or anyother modi-company.. refer it to me…..URGENT

My Answer:

Your Bank is giving you the run around. There is a lot of chatter on the internet about doing it yourself – and go it alone etc… You can do a loan modification yourself, some people have a great result, others, like yourself, get the run around from their bank. 3 years seems very extensive and is in fact about the longest run around I’ve ever heard of. So it may be time to bring in a professional.

As a consumer here are some of the benefits using a professional firm brings to you:
1 – You don’t have to stress out about what is going on with your file. They’ll handle the hard negotiations with your bank. You go focus on bringing in more income or family… or whatever you want. A quality firm will have a regular reporting and feedback service to keep you up to date on what’s going on with your file.

2 – They have the specialized experience and knowledge that allows them to push deals through as fast as possible. They will know and be familiar with the laws surrounding the mortgage industry, state lending laws, RESPA, Tilla.. etc.. This knowledge is put to work on your behalf to achieve a successful outcome for you.

3 – They represent you and your interests with the bank. Banks care about themselves and getting their money – not in getting you the best modification possible. You hire an expert Loan Modification Company because they have your best interests at heart – you are paying them… not the banks.

Just realize that you will have to pay for their services – just like any other professional / expert you would hire in any other area of your life. A professional company needs to get paid – they have rent, phone lines, staff, attorneys, and some profit that needs to be made so they can justify staying in the business. So expect to pay a modest fee for their services – most companies that are legitimate are going to charge somewhere between $2,500 and $3,500 for a successful loan modification.

Regarding the company that phoned you – I don’t have any direct experience with them but my recommendation would be to become an educated consumer. Talk to a few different companies and you’ll quickly get a feel for how the various companies operate and value your business.

Despite what some have said about our industry there are great and legitimate companies operating in this space that perform a great service to their customers. Your story is not unique in that many many consumers are getting the run around by their banks. At a certain point you have to say enough is enough and bring in a professional to get the job done right.

That’s my opinion on the subject. If you’re interested in more information I do maintain a blog called “All About Loan Modifications” the link is below in the resource box. Best of luck to you

You can also check out our site for more information at SureFast Loan Modification.com

If you have feed back or questions on this answer please leave them – we’d love to hear from you!