Delray Beach, FL (PRWEB) June 24, 2009
As foreclosure prices soar, millions of Americans are hunting for options to help stop losing their homes. According to HUD (Housing and Urban Improvement) officials far more than 40,000 loan modifications are becoming completed each week. Sadly there are numerous Americans who are becoming taken advantage of. A lot of customers are unaware that they do not need to have to, nor should they “employ” a company to receive a mortgage loan modification.

Debt Consolidation Connection is a non-profit customer credit counseling agency and customer advocate who assists people find ways to manage their debt problems. Their motto on loan modification is “if you have to pay, walk away” The agency has created a cost-free step-by-step loan modification manual and video that answers FAQ’s and shows how to file for a loan modification straight with lenders with no fees or charges. Below you will locate some of the most widespread tactics used by unscrupulous “loan modification companies”.

Beware of the Following: