My friend was about to lose his home earlier this year because he had a bad mortgage, and his rate reset to something that he could not afford. He was trying to figure out all sorts of ways to go about stopping foreclosure, but to no avail. So he contacted the Attorney General in Arizona and found a list of approved Loan Modification Companies that could help him save his home. I was skeptical because I have heard some stories about Loan Modification Companies, but he needed a solution. It took a few months for the loan modification to go through, but eventually he was able to work out a new deal with the bank and got a much lower monthly payment that he could afford; they reworked his entire home loan. His advice to me and others was to make sure that you use Loan Modification Companies that are recommended by the state governing offices, because those are the legitimate ones that can really help you to save your home via modification of the loan!
