Illegal Loan Modification Companies Are Trouble : NY Foreclosure …
Here is a new Post at Illegal Loan Modification Companies Are Trouble : NY Foreclosure ….
Cuomo is suing and serving subpoenas to investigate various national loan modification companies for illegal activities, including making false promises of results and for seeking advance payment of fees in violation of New York law …
Here is a response on similar topic:-
What are the benefits if I resort to a mortgage loan modification company?
The benefits of hiring a loan modification company is basically saving yourself alot of time from research and actually doing the the loan modification process. Its important to understand that their is nothing a loan modification service can do, that you cant do yourself. If you have the extra money and choose to hire a service, then great. The only real benefits is the time saving and they have knowledge about the industry. It simply is a service. Such as a housekeeper. You can clean your house yourself but its much easier to hire someone else to do it for you… (granted they have experience and may do a better job than you can, but its pretty marginal once you know how to do it)If you do decide to choose a service make sure you hire a legitamate company. In my experience I have seen WAY to many homeowners bieng ripped off and losing thier home becuase of some scammy loan modification company. If you choose a good company they can do great things for you. If you choose to do it yourself just keep in mind that the loan modification proccess requires alot of time and patience. You can download a FREE Do It Yourself Loan Modification Kit from the website I have listed in my resource box below. Check it out if you want to learn a little bit more about doing a loan modification yourself before you decide to hire a company. Hope this helps..and good luck to you!
FYI, here is a list of recently published Posts on same topic:-
The Ugly Scar That Is Slow To Fade In Florida
Posts about Forbearance as of June 21, 2009
Refinancing Mortgage Rates Aspects
The President Foreclosure Bailout 80 LTV Plan - Is It Working???
ALL LOAN MOD FIRMS NEED TO RESPOND TO THIS IMMEDIATELY!
I though that might be of interest 
Here is a news article on related topic:-
A Crackdown on Rescue Schemes
He said he had also issued subpoenas to 14 other loan-modification companies. Mr. Cuomo's office alleged that Amerimod “charged homeowners heavy upfront …
That was an excellent post with some great information. We published some information on this topic too.